Republic of Korea - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTitanium Price in South Korea - 2022
Contents:
- Titanium Price in South Korea (CIF) - 2022
- Titanium Price in South Korea (FOB) - 2022
- Titanium Imports in South Korea
- Titanium Exports in South Korea
Titanium Price in South Korea (CIF) - 2022
In December 2022, the average titanium import price amounted to $8,211 per ton, picking up by 17% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average import price increased by 32% against the previous month. Over the period under review, average import prices hit record highs at $11,131 per ton in August 2022; however, from September 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($11,509 per ton), while the price for Vietnam ($1,268 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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Titanium Price in South Korea (FOB) - 2022
The average titanium export price stood at $26,793 per ton in 2022, growing by 121% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 170%. Over the period under review, the average export prices reached the peak figure at $108,629 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($122,913 per ton), while the average price for exports to Japan ($2,330 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 Germany (+1.5%), while the prices for the other major destinations experienced a decline.
Titanium Imports in South Korea
In 2022, approx. 8.5K tons of titanium sponge, powders, ingots and slabs were imported into South Korea; increasing by 3.4% compared with the year before. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, titanium imports skyrocketed to $80M in 2022. The total import value increased at an average annual rate of +13.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Titanium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 31.5 | 30.6 | 33.6 | 39.1 | 7.5% |
| Japan | 5.6 | 8.7 | 16.0 | 30.8 | 76.5% |
| China | 1.4 | 2.1 | 5.8 | 6.6 | 67.7% |
| Russia | 12.2 | 13.6 | 9.0 | 1.3 | -52.6% |
| Vietnam | N/A | N/A | 0.1 | 1.0 | 900.0% |
| Ukraine | 2.3 | 2.5 | 0.7 | 0.2 | -55.7% |
| Others | 1.5 | 2.0 | 2.4 | 1.3 | -4.7% |
| Total | 54.6 | 59.4 | 67.4 | 80.3 | 13.7% |
Top Suppliers of Titanium to South Korea in 2022:
- Ukraine (undefinedK tons)
- Kazakhstan (4.2K tons)
- Japan (3.1K tons)
- China (0.6K tons)
- Vietnam (0.4K tons)
- Russia (0.1K tons)
Titanium Exports in South Korea
In 2022, shipments abroad of titanium sponge, powders, ingots and slabs decreased by -82.6% to 9.3 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 539% against the previous year.
In value terms, titanium exports plummeted to $250K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 176% against the previous year.
| Export of Titanium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | N/A | 336 | 105 | 179.7% |
| Germany | 73.9 | 71.0 | 117 | 55.3 | -9.2% |
| Netherlands | N/A | N/A | N/A | 50.4 | 0% |
| Belgium | N/A | N/A | 15.3 | 18.2 | 19.0% |
| China | 0.1 | 115 | 17.5 | 11.8 | 390.5% |
| Vietnam | N/A | N/A | 71.0 | 8.4 | -88.2% |
| Japan | 3.4 | 3.0 | 0.2 | 0.7 | -41.0% |
| Kazakhstan | N/A | N/A | 90.9 | N/A | 0% |
| Estonia | N/A | 34.7 | N/A | N/A | 0% |
| Others | 14.7 | 43.8 | 0.9 | 0.3 | -72.7% |
| Total | 96.8 | 267 | 649 | 250 | 37.2% |
Top Export Markets for Titanium from South Korea in 2022:
- China (3.1 tons)
- Belgium (2.9 tons)
- Netherlands (1.0 tons)
- United States (0.9 tons)
- Vietnam (0.6 tons)
- Germany (0.5 tons)
- Japan (0.3 tons)
This report provides an in-depth analysis of the titanium market 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:
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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This report provides an in-depth analysis of the titanium market in Republic of Korea.
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This report provides an in-depth analysis of the aluminium and titanium market in Republic of Korea.
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This report provides an in-depth analysis of the global titanium market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
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This report provides an in-depth analysis of the titanium market in Republic of Korea.
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This report provides an in-depth analysis of the global titanium market.
371
Titanium is a highly versatile and sought-after material in various industries, including aerospace, automotive, medical, and industrial applications. In this article, we explore the world's best import markets for titanium, highlighting key statistics. The United States is the largest importer of titanium, followed by China, the United Kingdom, France, and Italy. These countries have strong demand for titanium in their aerospace, automotive, and other industries, contributing to the growth of the global titanium market.
1641
In value terms, titanium ores and concentrates imports totaled $X in 2016. Overall, titanium ores and concentrates imports continue to indicate a prominent expansion. In that year, global titanium ...
992
In value terms, titanium oxides imports amounted to $X in 2016. In general, titanium oxides imports continue to indicate a relatively flat trend pattern. Over the period under review, global titani...
869
In value terms, titanium imports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last nine...
659
In value terms, titanium ores and concentrates exports stood at $X in 2016. Overall, titanium ores and concentrates exports continue to indicate a temperate increase. In that year, global titanium ...
575
In value terms, titanium oxides exports totaled $X in 2016. Overall, titanium oxides exports continue to indicate a temperate reduction. In that year, global titanium oxides exports attained its ma...
2848
In value terms, titanium exports amounted to $X in 2016. Overall, titanium exports continue to indicate a relatively flat trend pattern. Global titanium export peaked of $X in 2012; however, fro...
2533
The global titanium trade fluctuated over the period under review, with a slight downward trend in the last three years. Exports amounted to X million USD in 2015. Overall, there was an annual increase of +X% from 2007 to 2015.
371
Titanium is a highly versatile and sought-after material in various industries, including aerospace, automotive, medical, and industrial applications. In this article, we explore the world's best import markets for titanium, highlighting key statistics. The United States is the largest importer of titanium, followed by China, the United Kingdom, France, and Italy. These countries have strong demand for titanium in their aerospace, automotive, and other industries, contributing to the growth of the global titanium market.
1641
In value terms, titanium ores and concentrates imports totaled $X in 2016. Overall, titanium ores and concentrates imports continue to indicate a prominent expansion. In that year, global titanium ...
