Republic of Korea: Cadmium Market 2024

Cadmium Market Size in Republic of Korea

After two years of decline, the South Korean cadmium market increased by X% to $X in 2022. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Cadmium Production in Republic of Korea

In value terms, cadmium production reduced to $X in 2022 estimated in export price. Overall, production posted a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cadmium Exports

Exports from Republic of Korea

In 2022, the amount of cadmium exported from South Korea stood at X tons, with an increase of X% against the previous year's figure. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, cadmium exports fell to $X in 2022. In general, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and Hong Kong SAR (X tons) were the main destinations of cadmium exports from South Korea, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cadmium exported from South Korea were China ($X), India ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cadmium export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cadmium export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cadmium Imports

Imports into Republic of Korea

In 2022, after six years of growth, there was significant decline in supplies from abroad of cadmium, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, cadmium imports rose to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of cadmium to South Korea, accounting for a X% share of total imports. Moreover, cadmium imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X kg), fivefold. Russia (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cadmium to South Korea, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

The average cadmium import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :