Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (FOB) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (CIF) - 2022
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (FOB) - 2022
In December 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $1,695 per ton, growing by 7.1% against the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Belgium ($2,680 per ton), while the average price for exports to Japan ($1,364 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (CIF) - 2022
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $2,547 per ton in December 2022, which is down by -33.2% against the previous month. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in November 2022 an increase of 51% month-to-month. Over the period under review, average import prices attained the peak figure at $7,168 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($3,769 per ton), while the price for Taiwan (Chinese) ($960 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 Vietnam (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea
Exports of steel alloy wire of materials other than silico-manganese steels from South Korea stood at 152K tons in 2022, remaining relatively unchanged against the previous year's figure. In general, exports showed a abrupt decline. The smallest decline of -24.1% was in 2020.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels totaled $240M in 2022. Over the period under review, exports showed a abrupt decline. The smallest decline of -24.4% was in 2020.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 87.6 | 70.7 | N/A | 84.3 | -1.3% |
| India | 19.7 | 17.6 | N/A | 30.2 | 15.3% |
| China | 55.4 | 41.8 | N/A | 21.3 | -27.3% |
| Mexico | 18.9 | 11.7 | N/A | 19.5 | 1.0% |
| United States | 17.3 | 14.0 | N/A | 16.0 | -2.6% |
| Indonesia | 13.1 | 6.3 | N/A | 14.0 | 2.2% |
| Vietnam | 9.5 | 6.4 | N/A | 9.5 | 0.0% |
| Canada | 4.5 | 4.0 | N/A | 6.4 | 12.5% |
| Taiwan (Chinese) | 6.4 | 6.7 | N/A | 4.3 | -12.4% |
| Germany | 6.8 | 5.8 | N/A | 2.5 | -28.4% |
| France | 9.2 | 3.2 | N/A | 0.6 | -59.7% |
| Others | 37.3 | 27.6 | N/A | 31.4 | -5.6% |
| Total | 286 | 216 | N/A | 240 | -5.7% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from South Korea in 2022:
- Japan (65.3K tons)
- India (20.3K tons)
- China (11.4K tons)
- Mexico (9.6K tons)
- Indonesia (8.9K tons)
- United States (8.1K tons)
- Vietnam (6.0K tons)
- Canada (2.9K tons)
- Taiwan (Chinese) (2.6K tons)
- Germany (1.5K tons)
- France (0.2K tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea
Imports of steel alloy wire of materials other than silico-manganese steels into South Korea amounted to 8.1K tons in 2022, remaining stable against 2021. In general, imports recorded a precipitous curtailment. The smallest decline of -71.2% was in 2020.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels amounted to $34M in 2022. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -47.3% was in 2020.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 45.9 | 28.8 | N/A | 25.6 | -17.7% |
| China | 24.4 | 8.9 | N/A | 3.6 | -47.2% |
| Vietnam | 0.3 | 0.6 | N/A | 2.2 | 94.3% |
| France | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Spain | 1.3 | N/A | N/A | N/A | 0% |
| Thailand | 1.4 | N/A | N/A | N/A | 0% |
| Others | 3.4 | 2.2 | N/A | 2.1 | -14.8% |
| Total | 77.0 | 40.6 | N/A | 33.9 | -23.9% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to South Korea in 2022:
- Japan (5.3K tons)
- Vietnam (1.3K tons)
- China (1.0K tons)
- France (0.1K tons)
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