Republic of Korea - Gravel And Crushed Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gravel and Crushed Stone in South Korea - 2022
Contents:
- Price for Gravel and Crushed Stone in South Korea (CIF) - 2022
- Price for Gravel and Crushed Stone in South Korea (FOB) - 2022
- Imports of Gravel and Crushed Stone in South Korea
- Exports of Gravel and Crushed Stone in South Korea
Price for Gravel and Crushed Stone in South Korea (CIF) - 2022
The average gravel and crushed stone import price stood at $283 per ton in 2022, rising by 130% against the previous year. In general, the import price showed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($643 per ton), while the price for China ($101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gravel and Crushed Stone in South Korea (FOB) - 2022
In 2022, the average gravel and crushed stone export price amounted to $75 per ton, waning by -12.1% against the previous year. Overall, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 80%. As a result, the export price attained the peak level of $218 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($144 per ton), while the average price for exports to China amounted to $58 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-9.0%).
Imports of Gravel and Crushed Stone in South Korea
In 2022, purchases abroad of gravel and crushed stone decreased by -58.8% to 26K tons, falling for the second consecutive year after two years of growth. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 87%. As a result, imports attained the peak of 82K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, gravel and crushed stone imports shrank to $7.4M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. As a result, imports attained the peak of $9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Gravel and Crushed Stone in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,422 | 3,957 | 1,526 | 4,042 | 18.6% |
Uzbekistan | 108 | 425 | 717 | 773 | 92.7% |
Philippines | 969 | 1,293 | 473 | 500 | -19.8% |
Indonesia | 236 | 598 | 460 | 495 | 28.0% |
Vietnam | 168 | 602 | 393 | 423 | 36.0% |
France | 151 | 370 | 93.0 | 117 | -8.2% |
Others | 896 | 1,753 | 4,124 | 1,040 | 5.1% |
Total | 4,950 | 8,997 | 7,786 | 7,390 | 14.3% |
Top Suppliers of Gravel and Crushed Stone to South Korea in 2022:
- China (39.9K tons)
- Philippines (3.7K tons)
- Vietnam (3.4K tons)
- Indonesia (2.5K tons)
- Uzbekistan (2.5K tons)
- France (0.5K tons)
Exports of Gravel and Crushed Stone in South Korea
Gravel and crushed stone exports from South Korea shrank sharply to 3.7K tons in 2022, with a decrease of -92.5% compared with 2021. Overall, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 18%.
In value terms, gravel and crushed stone exports declined remarkably to $278K in 2022. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4%.
Export of Gravel and Crushed Stone in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.4 | 2.6 | 3.0 | 0.2 | -64.3% |
Vietnam | 0.3 | 0.2 | 0.3 | N/A | 0.0% |
Japan | 1.7 | 0.5 | 0.3 | N/A | -58.0% |
Others | 0.4 | 0.5 | 0.7 | 0.1 | -37.0% |
Total | 6.8 | 3.9 | 4.2 | 0.3 | -64.7% |
Top Export Markets for Gravel and Crushed Stone from South Korea in 2022:
- China (2688.4 tons)
- Japan (297.3 tons)
- Vietnam (45.9 tons)
This report provides an in-depth analysis of the market for gravel and crushed stone 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:
- Prodcom 08121210 - Gravel and pebbles of a kind used for concrete aggregates, f or road metalling or for railway or other ballast, shingle and flint
- Prodcom 08121230 - Crushed stone of a kind used for concrete aggregates, for road metalling or for railway or other ballast (excluding gravel, p ebbles, shingle and flint)
- Prodcom 08121250 - Granules, chippings and powder of marble
- Prodcom 08121290 - Granules, chippings and powder of travertine, ecaussine, granite, porphyry, basalt, sandstone and other monumental stone
- Prodcom 08121300 - Mixtures of slag and similar industrial waste products, w hether or not incorporating pebbles, gravel, shingle and flint for construction use
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
This report provides an in-depth analysis of the market for gravel and crushed stone in Republic of Korea.
This report provides an in-depth analysis of the market for marble granules and powder in Republic of Korea.
This report provides an in-depth analysis of the market for monumental stone granules and powder in Republic of Korea.
This report provides an in-depth analysis of the market for gravel, pebbles and crushed stone for concrete and road aggregates in Republic of Korea.
This report provides an in-depth analysis of the mixtures of slag market in Republic of Korea.
This report provides an in-depth analysis of the pre-coated aggregates market in Republic of Korea.
This report provides an in-depth analysis of the global market for gravel and crushed stone.
This report provides an in-depth analysis of the global market for marble granules and powder.
This report provides an in-depth analysis of the global market for monumental stone granules and powder.
This report provides an in-depth analysis of the global market for gravel, pebbles and crushed stone for concrete and road aggregates.
Learn about the projected growth in the global market for gravel and crushed stone over the next seven years, driven by increasing demand. By 2030, the market volume is expected to reach 12,950 million tons, with a value of $968.2 billion.
Global gravel imports totaled X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to X>
Global gravel imports totaled X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to X>
In value terms, granulated slag imports totaled $X in 2016. Overall, it indicated a modest expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the...
In value terms, slag, dross imports amounted to $X in 2016. In general, slag, dross imports continue to indicate a deep descent. In that year, global slag, dross imports reached its maximum level o...
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In value terms, slag and ash imports stood at $X in 2016. In general, slag and ash imports continue to indicate a relatively flat trend pattern. Global slag and ash import peaked of $X in 2013; ...
In value terms, granulated slag exports totaled $X in 2016. In general, granulated slag exports continue to indicate a noticeable growth. In that year, global granulated slag exports reached its ma...
In value terms, slag, dross exports stood at $X in 2016. Overall, slag, dross exports continue to indicate a abrupt curtailment. In that year, global slag, dross exports attained its maximum level ...
In value terms, slag, ash and residues exports amounted to $X in 2016. Overall, slag, ash and residues exports continue to indicate a relatively flat trend pattern. In that year, global slag, ash a...