Price for Magnesium; Waste and Scrap in South Korea - 2022
Contents:
- Price for Magnesium; Waste and Scrap in South Korea (CIF) - 2022
- Price for Magnesium; Waste and Scrap in South Korea (FOB) - 2022
- Imports of Magnesium; Waste and Scrap in South Korea
- Exports of Magnesium; Waste and Scrap in South Korea
Price for Magnesium; Waste and Scrap in South Korea (CIF) - 2022
In December 2022, the average magnesium; waste and scrap import price amounted to $3,436 per ton, dropping by -2.2% against the previous month. In general, import price indicated a noticeable expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, magnesium; waste and scrap import price decreased by -13.0% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 77% month-to-month. The import price peaked at $4,528 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($3,502 per ton), while the price for the Philippines totaled $1,081 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Waste and Scrap in South Korea (FOB) - 2022
In 2022, the average magnesium; waste and scrap export price amounted to $1,070 per ton, reducing by -48.8% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The export price peaked at $2,283 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($3,041 per ton), while the average price for exports to Singapore ($267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Waste and Scrap in South Korea
In 2022, overseas purchases of magnesium; waste and scraps were finally on the rise to reach 5.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt descent.
In value terms, magnesium; waste and scrap imports shrank to $27K in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 5.2% against the previous year. As a result, imports reached the peak of $27K, and then contracted modestly in the following year.
| Import of Magnesium; Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 10.4 | 9.8 | 12.5 | 11.4 | 3.1% |
| Japan | 2.8 | 3.0 | 6.8 | 5.6 | 26.0% |
| Malaysia | 2.7 | 2.9 | 3.6 | 3.3 | 6.9% |
| India | 3.4 | 1.6 | 1.7 | 2.0 | -16.2% |
| Vietnam | 2.8 | 1.8 | 0.9 | 1.7 | -15.3% |
| United States | 1.4 | 2.5 | 0.5 | 1.3 | -2.4% |
| China | 0.8 | 1.3 | 0.1 | 0.7 | -4.4% |
| Others | 0.5 | 3.1 | 1.2 | 0.7 | 11.9% |
| Total | 24.7 | 26.0 | 27.3 | 26.7 | 2.6% |
Top Suppliers of Magnesium; Waste and Scrap to South Korea in 2022:
- Taiwan (Chinese) (2539.0 kg)
- Vietnam (954.0 kg)
- Japan (672.0 kg)
- Malaysia (508.0 kg)
- India (315.0 kg)
- United States (225.0 kg)
- China (132.0 kg)
Exports of Magnesium; Waste and Scrap in South Korea
In 2022, exports of magnesium; waste and scraps from South Korea soared to 1.3K tons, growing by 69% against the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, magnesium; waste and scrap exports contracted to $1.4M in 2022. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year.
| Export of Magnesium; Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 750 | 498 | 769 | 551 | -9.8% |
| United States | 137 | 202 | 60.8 | 546 | 58.5% |
| Vietnam | 214 | 145 | 230 | 169 | -7.6% |
| Brazil | 672 | 244 | 432 | 38.6 | -61.4% |
| Netherlands | 40.4 | 23.7 | 33.5 | 20.6 | -20.1% |
| Thailand | 26.1 | 17.1 | 26.0 | 18.4 | -11.0% |
| Others | 20.6 | 11.4 | 15.0 | 9.3 | -23.3% |
| Total | 1,860 | 1,141 | 1,566 | 1,354 | -10.0% |
Top Export Markets for Magnesium; Waste and Scrap from South Korea in 2022:
- United States (738.2 tons)
- Taiwan (Chinese) (372.6 tons)
- Vietnam (94.0 tons)
- Netherlands (18.3 tons)
- Thailand (13.2 tons)
- Brazil (12.7 tons)
666
This report provides an in-depth analysis of the magnesium market in Republic of Korea.
1147
This report provides an in-depth analysis of the blueberry and cranberry market in Republic of Korea.
481
This report provides an in-depth analysis of the market for raspberry, blackberry, blueberry, and cranberry in Republic of Korea.
3435
This report provides an in-depth analysis of the global magnesium market.
3596
This report provides an in-depth analysis of the global blueberry and cranberry market.
608
This report provides an in-depth analysis of the global market for raspberry, blackberry, blueberry, and cranberry.
666
This report provides an in-depth analysis of the magnesium market in Republic of Korea.
3435
This report provides an in-depth analysis of the global magnesium market.
1023
In 2021, global magnesium production declined by 5% to 950K tons because several China's smelters had cut capacities to comply with energy consumption targets. China remains the largest exporter in the world, accounting for 58% of total magnesium supplies.
1352
Limiting industrial carbon dioxide emissions in China has halted work in two-thirds of Shaanxi's fifty magnesium plants, while the rest of the factories will be required to halve production. As a result, in the next six months, the global market may face a deficit, hitting the European automotive industry particularly hard. The German Non-Ferrous Metals Association (WVM) calls on the German government to begin negotiations with China to increase magnesium supplies to Europe.
1499
In value terms, magnesium imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuation...
2266
In value terms, magnesium exports stood at $X in 2016. Overall, magnesium exports continue to indicate a moderate deduction. In that year, global magnesium exports reached its maximum level of $X>
266
Explore the top import markets for blueberry and cranberry worldwide, including key statistics and data from the IndexBox market intelligence platform.
3544
The blueberry market is expected to grow significantly in the next few years. The global blueberry market was valued at $8.3 billion in 2021 and is expected to reach 2.3 million tons by 2030, growing at a CAGR of 3.5% during the forecast period (2022-2030)
6179
Global cranberry consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4808
In 2015, the country with the largest volume of the cranberry output was the United States (X thousand tons), accounting for X% of global production.
1608
Chile continued its dominance in the global cranberry trade. In 2014, Chile exported X thousand tons of cranberries totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total cr
482
Explore the top import markets for raspberry, blackberry, blueberry, and cranberry. Discover key statistics and import values for these berries in countries such as the United States, Netherlands, Germany, Canada, and more.
