Republic of Korea - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Republic of Korea: Iron Ores And Concentrates Market Overview 2018
Iron Ores And Concentrates Imports into Republic of Korea
In 2017, the amount of iron ores and concentrates imported into South Korea totaled X tonnes, remaining constant against the previous year. Overall, the total imports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the iron ores and concentrates imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2010, when the imports increased by X% y-o-y. South Korea imports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its strength.
In value terms, iron ores and concentrates imports amounted to $X in 2017. Overall, iron ores and concentrates imports continue to indicate a strong expansion. Over the period under review, the iron ores and concentrates imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its strength.
Iron Ores And Concentrates Exports from Republic of Korea
In 2017, exports of iron ores and concentrates in South Korea amounted to X tonnes, coming up by X% against the previous year. Overall, iron ores and concentrates exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the iron ores and concentrates exports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.
In value terms, iron ores and concentrates exports stood at $X in 2017. Overall, iron ores and concentrates exports continue to indicate a dramatic contraction. South Korea exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.
Source: IndexBox AI Platform
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