Chlorides; of Aluminium Price in South Korea - 2022
Contents:
- Chlorides; of Aluminium Price in South Korea (CIF) - 2022
- Chlorides; of Aluminium Price in South Korea (FOB) - 2022
- Chlorides; of Aluminium Imports in South Korea
- Chlorides; of Aluminium Exports in South Korea
Chlorides; of Aluminium Price in South Korea (CIF) - 2022
In 2022, the average chlorides; of aluminium import price amounted to $1,729 per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $1,769 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,804 per ton), while the price for China ($585 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Aluminium Price in South Korea (FOB) - 2022
In 2022, the average chlorides; of aluminium export price amounted to $882 per ton, jumping by 31% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 105% against the previous year. The export price peaked at $1,176 per ton in 2019; however, from 2020 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 Indonesia ($978 per ton), while the average price for exports to Japan ($396 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 Japan (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Chlorides; of Aluminium Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of chlorides; of aluminia, which increased by 2.4% to 1.1K tons in 2022. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, chlorides; of aluminium imports expanded slightly to $1.9M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +41.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Chlorides; of Aluminium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 575 | 733 | 820 | 1,206 | 28.0% |
| Germany | 312 | 269 | 262 | 278 | -3.8% |
| India | 252 | 207 | 558 | 255 | 0.4% |
| United States | 47.6 | 72.0 | 174 | 109 | 31.8% |
| China | 152 | 156 | 29.8 | 43.0 | -34.4% |
| Others | 19.2 | 28.4 | 38.9 | 35.9 | 23.2% |
| Total | 1,358 | 1,466 | 1,883 | 1,927 | 12.4% |
Top Suppliers of Chlorides; of Aluminium to South Korea in 2022:
- Japan (830.6 tons)
- India (125.3 tons)
- China (73.6 tons)
- Germany (35.6 tons)
- United States (35.1 tons)
Chlorides; of Aluminium Exports in South Korea
After three years of growth, overseas shipments of chlorides; of aluminia decreased by -47.9% to 232 tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 131%.
In value terms, chlorides; of aluminium exports reduced markedly to $205K in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year.
| Export of Chlorides; of Aluminium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 24.1 | 111 | 156 | 157 | 86.8% |
| Japan | 7.0 | 17.1 | 115 | 14.9 | 28.6% |
| Philippines | N/A | 21.6 | 10.0 | 12.5 | -23.9% |
| Vietnam | 16.3 | 11.1 | 5.8 | 5.0 | -32.6% |
| Myanmar | 69.3 | 5.2 | N/A | N/A | -92.5% |
| Iraq | 8.0 | 29.0 | N/A | N/A | 262.5% |
| Others | 4.5 | 18.9 | 14.9 | 15.7 | 51.7% |
| Total | 129 | 214 | 301 | 205 | 16.7% |
Top Export Markets for Chlorides; of Aluminium from South Korea in 2022:
- Indonesia (160.5 tons)
- Japan (37.6 tons)
- Philippines (25.7 tons)
- Vietnam (7.1 tons)
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This report provides an in-depth analysis of the chlorides market in Republic of Korea.
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In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
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In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
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In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
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In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
