Republic of Korea - Zinc - Market Analysis, Forecast, Size, Trends And Insights
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View PricingZinc Price in South Korea - 2022
Contents:
- Zinc Price in South Korea (FOB) - 2022
- Zinc Price in South Korea (CIF) - 2022
- Zinc Exports in South Korea
- Zinc Imports in South Korea
Zinc Price in South Korea (FOB) - 2022
In December 2022, the average zinc export price amounted to $3,226 per ton, remaining constant against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 6.1% month-to-month. The export price peaked at $4,174 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 countries with the highest prices were the United States ($3,416 per ton) and Malaysia ($3,273 per ton), while the average price for exports to Taiwan (Chinese) ($3,083 per ton) and Italy ($3,116 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 Malaysia (-0.2%), while the prices for the other major destinations experienced a decline.
Zinc Price in South Korea (CIF) - 2022
The average zinc import price stood at $1,918 per ton in 2021, dropping by -20.2% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 35%. The import price peaked at $3,150 per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2021, the rate of growth in terms of prices for Peru amounted to +2.3% per year.
Zinc Exports in South Korea
In 2022, the amount of zinc exported from South Korea stood at 571K tons, surging by 7.2% against 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of 609K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, zinc exports dropped to $1.5B in 2022. In general, exports continue to indicate slight growth. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $1.6B, and then reduced in the following year.
| Export of Zinc in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Oman | 1.9 | N/A | 1,066 | 2268.7% | |
| Myanmar | 2.8 | 1.4 | 400 | 1095.2% | |
| Bangladesh | 47.2 | 22.6 | N/A | -52.1% | |
| Hong Kong SAR | 78.6 | 45.0 | N/A | -42.7% | |
| Thailand | 70.0 | 66.8 | N/A | -4.6% | |
| China | 338 | 368 | N/A | 8.9% | |
| Vietnam | 199 | 202 | N/A | 1.5% | |
| Malaysia | 43.8 | 39.9 | N/A | -8.9% | |
| India | 286 | 216 | N/A | -24.5% | |
| Indonesia | 99.0 | 84.1 | N/A | -15.1% | |
| United Arab Emirates | 49.2 | 49.0 | N/A | -0.4% | |
| Taiwan (Chinese) | 101 | 99.0 | N/A | -2.0% | |
| Saudi Arabia | 41.0 | 32.3 | N/A | -21.2% | |
| Others | 134 | 213 | 166 | 11.3% | |
| Total | 1,492 | 1,440 | 1,632 | 4.6% | |
Top Export Markets for Zinc from South Korea in 2022:
- Oman (423.6K tons)
- Myanmar (156.5K tons)
Zinc Imports in South Korea
Zinc imports into South Korea reduced notably to 53K tons in 2022, shrinking by -19.7% compared with the year before. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of 66K tons, and then dropped dramatically in the following year.
In value terms, zinc imports dropped to $111M in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year.
| Import of Zinc in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Myanmar | N/A | 1.4 | 113 | 7971.4% | |
| Belgium | 4.9 | 1.1 | N/A | -77.6% | |
| Peru | 13.4 | 15.1 | N/A | 12.7% | |
| India | 110 | 56.0 | N/A | -49.1% | |
| Netherlands | 1.1 | 3.8 | N/A | 245.5% | |
| Canada | 1.5 | 16.9 | N/A | 1026.7% | |
| Others | 0.5 | 1.1 | 12.3 | 396.0% | |
| Total | 131 | 95.4 | 126 | -1.9% | |
Top Suppliers of Zinc to South Korea in 2022:
- Myanmar (43.8K tons)
This report provides an in-depth analysis of the zinc 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
-
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 zinc market in Republic of Korea.
583
This report provides an in-depth analysis of the zinc market in Republic of Korea.
364
This report provides an in-depth analysis of the zinc alloys market in Republic of Korea.
920
This report provides an in-depth analysis of the global zinc market.
905
This report provides an in-depth analysis of the global zinc market.
1890
This report provides an in-depth analysis of the global zinc alloys market.
650
This report provides an in-depth analysis of the zinc market in Republic of Korea.
583
This report provides an in-depth analysis of the zinc market in Republic of Korea.
364
This report provides an in-depth analysis of the zinc alloys market in Republic of Korea.
920
This report provides an in-depth analysis of the global zinc market.
611
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.
176
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.
2054
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...
804
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...
611
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.
176
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.
2054
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...
804
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...
