Price for Steel, Alloy; Semi-Finished Products in South Korea - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in South Korea (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in South Korea (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in South Korea
- Exports of Steel, Alloy; Semi-Finished Products in South Korea
Price for Steel, Alloy; Semi-Finished Products in South Korea (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $626 per ton, falling by -15.6% against the previous year. Over the period under review, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 43%. The import price peaked at $794 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 Canada ($2,340 per ton), while the price for Kazakhstan ($429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in South Korea (FOB) - 2022
The average steel, alloy; semi-finished products export price stood at $1,216 per ton in 2022, falling by -6.9% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,142 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,086 per ton), while the average price for exports to China ($1,201 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 India (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in South Korea
In 2022, steel, alloy; semi-finished products imports into South Korea fell rapidly to 113K tons, waning by -15.8% on the previous year's figure. In general, imports saw a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 115%. As a result, imports reached the peak of 134K tons, and then dropped dramatically in the following year.
In value terms, steel, alloy; semi-finished products imports reduced dramatically to $71M in 2022. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year. As a result, imports attained the peak of $100M, and then reduced remarkably in the following year.
| Import of Steel, Alloy; Semi-Finished Products in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 41.1 | 29.5 | 23.1 | 41.7 | 0.5% |
| Kazakhstan | 15.9 | 2.6 | 9.0 | 11.3 | -10.8% |
| Canada | 11.2 | 6.7 | 6.8 | 10.8 | -1.2% |
| China | 4.6 | 2.2 | 3.5 | 4.4 | -1.5% |
| Vietnam | N/A | N/A | 12.6 | N/A | 0% |
| Indonesia | N/A | N/A | 22.9 | N/A | 0% |
| Oman | 9.1 | N/A | N/A | N/A | 0% |
| Qatar | N/A | N/A | 18.6 | N/A | 0% |
| Others | 2.4 | 1.0 | 3.3 | 2.5 | 1.4% |
| Total | 84.2 | 41.9 | 99.7 | 70.8 | -5.6% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to South Korea in 2022:
- Japan (75.1K tons)
- Kazakhstan (26.5K tons)
- China (5.6K tons)
- Canada (4.6K tons)
Exports of Steel, Alloy; Semi-Finished Products in South Korea
Steel, alloy; semi-finished products exports from South Korea soared to 10K tons in 2022, increasing by 618% against the year before. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel, alloy; semi-finished products exports soared to $12M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Semi-Finished Products in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 1.5 | 1.8 | 11.9 | 170.7% |
| Vietnam | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Germany | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 1.3 | 1.6 | 1.8 | 12.3 | 111.5% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from South Korea in 2022:
- China (9.9K tons)
- Vietnam (0.2K tons)
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