Ferro-Alloys; Ferro-Nickel Price in South Korea - 2022
Contents:
- Ferro-Alloys; Ferro-Nickel Price in South Korea (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Price in South Korea (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in South Korea
- Ferro-Alloys; Ferro-Nickel Exports in South Korea
Ferro-Alloys; Ferro-Nickel Price in South Korea (CIF) - 2022
The average ferro-alloys; ferro-nickel import price stood at $13,500 per ton in December 2022, growing by 165% against the previous month. Over the period under review, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From December 2021 to December 2022, the rate of growth in terms of prices for Japan amounted to +6.8% per month.
Ferro-Alloys; Ferro-Nickel Price in South Korea (FOB) - 2022
The average ferro-alloys; ferro-nickel export price stood at $2,107 per ton in 2022, falling by -2.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2018 when the average export price increased by 26%. The export price peaked at $6,230 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,398 per ton), while the average price for exports to China stood at $2,041 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-10.5%).
Ferro-Alloys; Ferro-Nickel Imports in South Korea
In 2022, ferro-alloys; ferro-nickel imports into South Korea expanded slightly to 72K tons, picking up by 1.9% on 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 7.8%. As a result, imports attained the peak of 73K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-nickel imports dropped to $201M in 2022. Over the period under review, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 40%.
| Import of Ferro-Alloys; Ferro-Nickel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 143 | 42.5 | 96.7 | 77.1 | -18.6% |
| Colombia | N/A | 28.0 | 52.7 | 43.2 | 24.2% |
| Brazil | 47.0 | 45.6 | 59.5 | 40.1 | -5.2% |
| Japan | 59.3 | 39.7 | 18.3 | 21.7 | -28.5% |
| New Caledonia | 2.9 | 6.5 | 7.2 | 17.4 | 81.7% |
| Ukraine | 40.6 | 5.3 | N/A | N/A | -86.9% |
| Others | 8.1 | N/A | 0.1 | 1.5 | -43.0% |
| Total | 301 | 168 | 234 | 201 | -12.6% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to South Korea in 2022:
- Indonesia (36.8K tons)
- Brazil (11.4K tons)
- Colombia (10.8K tons)
- Japan (10.6K tons)
- New Caledonia (1.9K tons)
Ferro-Alloys; Ferro-Nickel Exports in South Korea
In 2022, the amount of ferro-alloys; ferro-nickels exported from South Korea skyrocketed to 58K tons, growing by 17% compared with 2021. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year. As a result, the exports reached the peak of 66K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ferro-alloys; ferro-nickel exports expanded markedly to $122M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. As a result, the exports reached the peak of $137M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Alloys; Ferro-Nickel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.2 | 137 | 80.0 | 102 | 10.2% |
| United States | N/A | N/A | N/A | 19.2 | 0% |
| India | N/A | N/A | 27.2 | N/A | 0% |
| Others | 1.3 | N/A | N/A | 1.2 | -2.6% |
| Total | 77.6 | 137 | 107 | 122 | 16.3% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from South Korea in 2022:
- China (49.8K tons)
- United States (8.0K tons)
671
This report provides an in-depth analysis of the ferro-alloys market in Republic of Korea.
126
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Republic of Korea.
448
This report provides an in-depth analysis of the ferro-chromium market in Republic of Korea.
654
This report provides an in-depth analysis of the ferro-silicon market in Republic of Korea.
560
This report provides an in-depth analysis of the ferro-manganese market in Republic of Korea.
299
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in Republic of Korea.
487
This report provides an in-depth analysis of the ferro-silico-manganese market in Republic of Korea.
541
This report provides an in-depth analysis of the ferro-molybdenum market in Republic of Korea.
2513
This report provides an in-depth analysis of the global ferro-alloys market.
112
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
212
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
2709
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
1837
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
2446
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
166
Discover the top import markets for Ferro-Chromium and their impact on the global market. Learn about the key players driving demand for this essential alloy.
232
Explore the top import markets for ferro-silicon and delve into the key statistics and numbers behind these markets. Learn about the demand drivers and trends in these key markets.
1079
Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
158
Discover the leading countries for importing Ferro-Silico-Manganese and the key factors driving their demand. Learn about the global market trends and statistics.
149
Explore the top import markets for Ferro-Molybdenum in the world, including key statistics on import values and market insights.
754
In value terms, ferro-chromium exports totaled $9B in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +1.2% over the last eleven years.
