Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea - 2022
Contents:
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (FOB) - 2022
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (CIF) - 2022
- Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea
- Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (FOB) - 2022
The average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $3,185 per ton in December 2022, leveling off at the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 10% m-o-m. Over the period under review, the average export prices reached the peak figure at $4,339 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In December 2022, the highest price was recorded for prices to the United States ($3,359 per ton) and Vietnam ($3,275 per ton), while the average price for exports to Thailand ($3,036 per ton) and Taiwan (Chinese) ($3,055 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (CIF) - 2022
The average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $2,713 per ton in December 2022, almost unchanged from the previous month. Over the period under review, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in January 2022 when the average import price increased by 10% against the previous month. The import price peaked at $4,031 per ton in May 2022; however, from June 2022 to December 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From December 2021 to December 2022, the rate of growth in terms of prices for Congo amounted to +8.8% per month.
Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea
After three years of growth, shipments abroad of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs decreased by -13.9% to 121K tons in 2022. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports reached the peak of 141K tons, and then fell in the following year.
In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs contracted slightly to $424M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $427M, leveling off in the following year.
| Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 73.3 | 65.6 | 62.8 | 116 | 16.5% |
| Vietnam | 60.6 | 56.1 | 171 | 110 | 22.0% |
| Taiwan (Chinese) | 47.7 | 42.5 | 66.6 | 59.7 | 7.8% |
| Thailand | 15.0 | 20.7 | 30.3 | 32.3 | 29.1% |
| Saudi Arabia | 18.4 | 13.8 | 17.9 | 24.0 | 9.3% |
| United Arab Emirates | 7.1 | 14.6 | 20.8 | 22.0 | 45.8% |
| Pakistan | 17.6 | 7.4 | 18.1 | 19.3 | 3.1% |
| China | 16.4 | 11.5 | 18.2 | 17.6 | 2.4% |
| Others | 16.1 | 17.4 | 21.1 | 22.7 | 12.1% |
| Total | 272 | 250 | 427 | 424 | 15.9% |
Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc from South Korea in 2022:
- India (33.9K tons)
- Vietnam (30.8K tons)
- Taiwan (Chinese) (17.3K tons)
- Thailand (9.2K tons)
- Saudi Arabia (6.9K tons)
- United Arab Emirates (6.1K tons)
- Pakistan (5.4K tons)
- China (4.9K tons)
Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea
After two years of decline, purchases abroad of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs increased by 87% to 1.3K tons in 2022. In general, imports, however, saw a abrupt curtailment.
In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs soared to $4.4M in 2022. Overall, imports, however, showed a perceptible reduction.
| Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.7 | N/A | N/A | 1,567 | 516.1% |
| Indonesia | 968 | 2,731 | 1,500 | 1,490 | 15.5% |
| Congo | N/A | N/A | 353 | 770 | 118.1% |
| Japan | 6.2 | 4.3 | N/A | 316 | 270.8% |
| Taiwan (Chinese) | 1,198 | 1.1 | N/A | 140 | -51.1% |
| Australia | 0.5 | N/A | N/A | 96.0 | 476.9% |
| Vietnam | 2,497 | N/A | 2.9 | N/A | -96.6% |
| Mexico | N/A | 770 | 47.9 | N/A | -93.8% |
| Others | 225 | 71.3 | 2.9 | 0.5 | -87.0% |
| Total | 4,900 | 3,578 | 1,907 | 4,381 | -3.7% |
Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to South Korea in 2022:
- Indonesia (457.1 tons)
- India (398.3 tons)
- Congo (210.0 tons)
- Japan (115.6 tons)
- Taiwan (Chinese) (43.9 tons)
- Australia (31.0 tons)
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Explore the world's best import markets for zinc, including the United States, Turkey, Germany, and more. Get key statistics and figures on zinc imports from IndexBox platform.
2065
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
817
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
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In January 2022, the average annual zinc price $3,599 per ton, picking up 6% from December 2021. The price is forecast to ease 4% y/y to approx. $2,880 per ton in 2022 due to excessive market supply.
211
Explore the world's best import markets for zinc, including the United States, Turkey, Germany, and more. Get key statistics and figures on zinc imports from IndexBox platform.
2065
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
817
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
625
In January 2022, the average annual zinc price $3,599 per ton, picking up 6% from December 2021. The price is forecast to ease 4% y/y to approx. $2,880 per ton in 2022 due to excessive market supply.
