Republic of Korea - Zinc Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Zinc Ores and Concentrates in South Korea - 2022
Contents:
- Price for Zinc Ores and Concentrates in South Korea (CIF) - 2022
- Price for Zinc Ores and Concentrates in South Korea (FOB) - 2022
- Imports of Zinc Ores and Concentrates in South Korea
- Exports of Zinc Ores and Concentrates in South Korea
Price for Zinc Ores and Concentrates in South Korea (CIF) - 2022
The average zinc ores and concentrates import price stood at $1,395 per ton in 2022, jumping by 24% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc ores and concentrates import price increased by +102.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 63%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,094 per ton), while the price for South Africa ($661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc Ores and Concentrates in South Korea (FOB) - 2022
The average zinc ores and concentrates export price stood at $1,934 per ton in 2022, picking up by 33% against the previous year. Overall, the export price posted a significant expansion. The growth pace was the most rapid in 2021 an increase of 73% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +31.1% per year.
Imports of Zinc Ores and Concentrates in South Korea
In 2022, the amount of zinc ores and concentrates imported into South Korea shrank to 1.7M tons, which is down by -7.2% compared with 2021 figures. Overall, imports recorded a deep contraction. The smallest decline of -5.7% was in 2020.
In value terms, zinc ores and concentrates imports surged to $2.4B in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Zinc Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 307 | 335 | 594 | 494 | 17.2% |
| Peru | 330 | 257 | 423 | 351 | 2.1% |
| Mexico | 316 | 308 | 330 | 274 | -4.6% |
| United States | 147 | 114 | 204 | 170 | 5.0% |
| Bolivia | 239 | 136 | 162 | 147 | -15.0% |
| Eritrea | 116 | 51.0 | 102 | 84.6 | -10.0% |
| South Africa | 75.2 | 70.8 | 52.7 | 54.2 | -10.3% |
| Others | 153 | 70.3 | 177 | 782 | 72.3% |
| Total | 1,684 | 1,342 | 2,045 | 2,356 | 11.8% |
Top Suppliers of Zinc Ores and Concentrates to South Korea in 2022:
- Australia (591.3K tons)
- Peru (401.9K tons)
- Mexico (261.1K tons)
- Bolivia (169.3K tons)
- United States (160.6K tons)
- Eritrea (95.3K tons)
- South Africa (82.0K tons)
Exports of Zinc Ores and Concentrates in South Korea
After three years of growth, overseas shipments of zinc ores and concentrates decreased by -18.5% to 19K tons in 2022. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 8.2% against the previous year.
In value terms, zinc ores and concentrates exports rose sharply to $38M in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Zinc Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 0.1 | N/A | 27.3 | 77.3% |
| Japan | N/A | 2.7 | 5.5 | N/A | 103.7% |
| France | 15.4 | N/A | N/A | N/A | 0% |
| Finland | N/A | 2.4 | N/A | N/A | 0% |
| Australia | N/A | 14.7 | 29.1 | N/A | 98.0% |
| Others | N/A | N/A | N/A | 10.2 | 0% |
| Total | 20.4 | 19.9 | 34.7 | 37.5 | 22.5% |
Top Export Markets for Zinc Ores and Concentrates from South Korea in 2022:
- China (94.6K tons)
This report provides an in-depth analysis of the market for zinc ores and concentrates in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07291520 -
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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