Price for Railway or Tramway Track Constructions of Iron or Steel in South Korea - 2022
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in South Korea (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in South Korea (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in South Korea
- Exports of Railway or Tramway Track Constructions of Iron or Steel in South Korea
Price for Railway or Tramway Track Constructions of Iron or Steel in South Korea (CIF) - 2022
In December 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,176 per ton, approximately equating the previous month. Overall, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in October 2022 an increase of 106% against the previous month. As a result, import price attained the peak level of $1,967 per ton. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($14,306 per ton), while the price for China ($1,056 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in South Korea (FOB) - 2022
The average export price for railway or tramway track constructions of iron or steel stood at $3,133 per ton in 2022, increasing by 60% against the previous year. Overall, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($5,360 per ton), while the average price for exports to Saudi Arabia ($1,130 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 Taiwan (Chinese) (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Railway or Tramway Track Constructions of Iron or Steel in South Korea
In 2022, overseas purchases of railway or tramway track constructions of iron or steel decreased by -2.6% to 21K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 0.8%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of railway or tramway track constructions of iron or steel amounted to $28M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of $28M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Railway or Tramway Track Constructions of Iron or Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.1 | 16.2 | 16.7 | 22.7 | 7.8% |
| Japan | 0.7 | 1.2 | 1.3 | 1.7 | 34.4% |
| Belgium | 1.1 | 4.0 | 2.5 | 1.2 | 2.9% |
| Luxembourg | 1.5 | 1.4 | 3.0 | 1.0 | -12.6% |
| Spain | 1.1 | 0.2 | 0.2 | 0.4 | -28.6% |
| Others | 1.1 | 5.0 | 3.0 | 0.6 | -18.3% |
| Total | 23.6 | 28.0 | 26.7 | 27.6 | 5.4% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to South Korea in 2022:
- China (18.3K tons)
- Japan (1.0K tons)
- Belgium (0.8K tons)
- Luxembourg (0.7K tons)
- Spain (0.3K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in South Korea
In 2022, exports of railway or tramway track constructions of iron or steel from South Korea dropped significantly to 8.5K tons, reducing by -42.7% against the previous year. In general, exports showed a sharp contraction. The smallest decline of -22.7% was in 2021.
In value terms, exports of railway or tramway track constructions of iron or steel contracted to $27M in 2022. Over the period under review, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year.
| Export of Railway or Tramway Track Constructions of Iron or Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 17.2 | 8.9 | 14.5 | 18.6 | 2.6% |
| Philippines | 0.2 | 8.8 | 0.1 | 2.5 | 132.1% |
| Germany | 1.9 | 1.7 | 5.3 | 2.2 | 5.0% |
| Indonesia | 0.4 | 0.4 | 0.8 | 0.9 | 31.0% |
| United Kingdom | 0.6 | 0.3 | 0.8 | 0.6 | 0.0% |
| Mauritania | N/A | N/A | N/A | 0.3 | 0% |
| Vietnam | N/A | 1.6 | 4.3 | 0.1 | -75.0% |
| China | 2.1 | 0.4 | 0.1 | 0.1 | -63.8% |
| Tanzania | 1.6 | N/A | 0.6 | 0.1 | -60.3% |
| Others | 6.0 | 1.9 | 2.4 | 1.2 | -41.5% |
| Total | 30.0 | 23.9 | 28.9 | 26.6 | -3.9% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from South Korea in 2022:
- Taiwan (Chinese) (5692.1 tons)
- Germany (904.4 tons)
- Philippines (473.8 tons)
- Indonesia (312.2 tons)
- United Kingdom (203.5 tons)
- Mauritania (185.1 tons)
- China (53.1 tons)
- Tanzania (37.8 tons)
- Vietnam (31.8 tons)
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This report provides an in-depth analysis of the steel railway material market in Republic of Korea.
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in Republic of Korea.
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This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1318
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1318
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
