Price for Metals; Silver, Unwrought, (But Not Powder) in South Korea - 2022
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in South Korea (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in South Korea (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in South Korea
- Imports of Metals; Silver, Unwrought, (But Not Powder) in South Korea
Price for Metals; Silver, Unwrought, (But Not Powder) in South Korea (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $682,895 per ton, shrinking by -15.3% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 30% against the previous year. The export price peaked at $981,645 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($715,781 per ton), while the average price for exports to China ($124,133 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 the United States (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in South Korea (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $455,986 per ton in 2022, which is down by -9.1% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. The import price peaked at $968,031 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,099,169 per ton), while the price for Italy ($158,367 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Silver, Unwrought, (But Not Powder) in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of metals; silver, unwrought, (but not powder), when their volume decreased by -9.6% to 2.2K tons. In general, exports showed a slight downturn. The growth pace was the most rapid in 2020 when exports increased by 3.6%.
In value terms, exports of metals; silver, unwrought, (but not powder) reduced remarkably to $1.5B in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports attained the peak of $2B, and then shrank remarkably in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 665 | 935 | 1,336 | 810 | 6.8% |
| United States | 56.3 | 286 | 427 | 247 | 63.7% |
| Australia | N/A | N/A | 10.2 | 125 | 1125.5% |
| Hong Kong SAR | 259 | 157 | 118 | 115 | -23.7% |
| Canada | N/A | N/A | N/A | 90.9 | 0% |
| Switzerland | 10.4 | 16.1 | 20.7 | 59.1 | 78.5% |
| Thailand | 82.2 | 44.3 | 51.1 | 18.5 | -39.2% |
| China | 15.8 | 44.8 | 6.2 | 6.1 | -27.2% |
| Others | 86.6 | 40.3 | 32.6 | 61.1 | -11.0% |
| Total | 1,176 | 1,524 | 2,001 | 1,532 | 9.2% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from South Korea in 2022:
- Japan (1131.1 tons)
- United States (348.1 tons)
- Australia (184.5 tons)
- Hong Kong SAR (176.3 tons)
- Canada (134.5 tons)
- Switzerland (94.1 tons)
- China (49.1 tons)
- Thailand (26.3 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in South Korea
In 2022, supplies from abroad of metals; silver, unwrought, (but not powder) decreased by -83% to 3.7 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 758% against the previous year. As a result, imports attained the peak of 33 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of metals; silver, unwrought, (but not powder) dropped remarkably to $1.7M in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 736% against the previous year. As a result, imports attained the peak of $17M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Metals; Silver, Unwrought, (But Not Powder) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 974 | 1,221 | 1,008 | 602 | -14.8% |
| Australia | 0.3 | 1,632 | 795 | 545 | 1120.2% |
| Netherlands | 8.8 | 22.9 | 562 | 183 | 175.0% |
| Italy | 39.2 | 69.9 | 223 | 162 | 60.5% |
| China | 14.9 | 6,521 | 1,306 | 59.0 | 58.2% |
| Taiwan (Chinese) | 717 | 248 | 721 | 54.5 | -57.6% |
| United States | 195 | 115 | 119 | 32.5 | -45.0% |
| Germany | 108 | 1,633 | 4.4 | 5.2 | -63.6% |
| Bulgaria | N/A | 2,003 | 845 | N/A | -57.8% |
| Hong Kong SAR | N/A | 217 | 4,916 | N/A | 2165.4% |
| Switzerland | 2.7 | 3,045 | N/A | N/A | 112677.8% |
| Others | 7.9 | 562 | 309 | 23.9 | 44.6% |
| Total | 2,067 | 17,290 | 10,807 | 1,667 | -6.9% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to South Korea in 2022:
- Philippines (1235.0 kg)
- Italy (1025.0 kg)
- Australia (849.0 kg)
- China (192.0 kg)
- United States (130.0 kg)
- Taiwan (Chinese) (127.0 kg)
- Netherlands (59.0 kg)
- Germany (15.0 kg)
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