Price for Steel, Alloy; Wire, of High Speed Steel in South Korea - 2022
Contents:
- Price for Steel, Alloy; Wire, of High Speed Steel in South Korea (FOB) - 2022
- Exports of Steel, Alloy; Wire, of High Speed Steel in South Korea
Price for Steel, Alloy; Wire, of High Speed Steel in South Korea (FOB) - 2022
In 2022, the average export price for wire of high-speed steel, in coils (excluding bars and rods) amounted to $44,877 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 99% against the previous year. The export price peaked at $44,934 per ton in 2019; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +9.9% per year.
Exports of Steel, Alloy; Wire, of High Speed Steel in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of wire of high-speed steel, in coils (excluding bars and rods), which decreased by -20.2% to 162 kg in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -19.8% was in 2021.
In value terms, exports of wire of high-speed steel, in coils (excluding bars and rods) contracted sharply to $7.3K in 2022. In general, exports showed a precipitous contraction. The smallest decline of -20% was in 2021.
| Export of Steel, Alloy; Wire, of High Speed Steel in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 14.2 | 11.4 | 9.1 | 7.3 | -19.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.2 | 11.4 | 9.1 | 7.3 | -19.9% |
Top Export Markets for Steel, Alloy; Wire, of High Speed Steel from South Korea in 2022:
- Philippines (162.0 kg)
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