Price for Powders of Pig Iron in South Korea - 2022
Contents:
- Price for Powders of Pig Iron in South Korea (CIF) - 2022
- Price for Powders of Pig Iron in South Korea (FOB) - 2022
- Imports of Powders of Pig Iron in South Korea
- Exports of Powders of Pig Iron in South Korea
Price for Powders of Pig Iron in South Korea (CIF) - 2022
The average powders of pig iron import price stood at $1,497 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 7.1% against the previous year. Over the period under review, average import prices attained the peak figure at $1,700 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($4,337 per ton), while the price for China ($1,162 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Powders of Pig Iron in South Korea (FOB) - 2022
In 2022, the average powders of pig iron export price amounted to $1,584 per ton, surging by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $1,620 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2,300 per ton), while the average price for exports to Japan ($845 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 Thailand (+8.4%), while the prices for the other major destinations experienced a decline.
Imports of Powders of Pig Iron in South Korea
In 2022, imports of powders of pig ira into South Korea reduced to 68K tons, shrinking by -14.1% against the year before. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 79K tons, and then contracted in the following year.
In value terms, powders of pig iron imports dropped to $102M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $119M, and then fell in the following year.
| Import of Powders of Pig Iron in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 35.0 | 32.9 | 51.1 | 44.0 | 7.9% |
| Italy | 11.0 | 11.0 | 16.9 | 14.6 | 9.9% |
| China | 17.2 | 14.7 | 17.0 | 14.6 | -5.3% |
| Japan | 13.9 | 10.4 | 13.8 | 11.8 | -5.3% |
| Canada | 11.9 | 8.7 | 10.7 | 9.1 | -8.6% |
| Germany | 3.3 | 3.2 | 3.7 | 3.2 | -1.0% |
| United States | 3.5 | 2.2 | 2.5 | 2.4 | -11.8% |
| Others | 2.6 | 2.0 | 3.6 | 2.5 | -1.3% |
| Total | 98.5 | 85.0 | 119 | 102 | 1.2% |
Top Suppliers of Powders of Pig Iron to South Korea in 2022:
- Sweden (33.9K tons)
- China (12.6K tons)
- Canada (7.6K tons)
- Japan (6.6K tons)
- Italy (3.4K tons)
- United States (1.7K tons)
- Germany (1.1K tons)
Exports of Powders of Pig Iron in South Korea
After three years of growth, overseas shipments of powders of pig ira decreased by -18.7% to 21K tons in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +37.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, the exports attained the peak of 26K tons, and then declined sharply in the following year.
In value terms, powders of pig iron exports declined dramatically to $33M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $40M, and then contracted sharply in the following year.
| Export of Powders of Pig Iron in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 10.3 | 12.9 | 18.9 | 15.7 | 15.1% |
| China | 5.0 | 5.7 | 7.3 | 6.1 | 6.9% |
| Japan | 4.0 | 3.9 | 7.3 | 6.1 | 15.1% |
| Philippines | 0.2 | 0.9 | 2.5 | 2.1 | 119.0% |
| Thailand | 1.8 | 1.7 | 1.9 | 1.6 | -3.9% |
| Others | 1.4 | 1.6 | 2.0 | 1.6 | 4.6% |
| Total | 22.7 | 26.6 | 39.8 | 33.2 | 13.5% |
Top Export Markets for Powders of Pig Iron from South Korea in 2022:
- Japan (7.2K tons)
- Taiwan (Chinese) (6.8K tons)
- China (3.6K tons)
- Philippines (1.6K tons)
- Thailand (1.1K tons)
381
This report provides an in-depth analysis of the pig iron articles market in Republic of Korea.
489
This report provides an in-depth analysis of the global pig iron articles market.
381
This report provides an in-depth analysis of the pig iron articles market in Republic of Korea.
489
This report provides an in-depth analysis of the global pig iron articles market.
1625
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
974
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
1625
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
974
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
