Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea - 2022

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea (FOB) - 2022
2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea (CIF) - 2022
3. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea
4. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators of cast iron stood at $44 per unit in 2022, rising by 410% against the previous year. In general, the export price, however, recorded a pronounced descent. The export price peaked at $94 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($47 per unit), while the average price for exports to Ghana ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-5.0%), while the prices for the other major destinations experienced a decline.

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea (CIF) - 2022

In December 2022, the average import price for non-electric iron or steel central heating radiators of cast iron amounted to $18.1 per unit, surging by 14% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 an increase of 292% against the previous month. The import price peaked at $248 per unit in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.7% per month.

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea

In 2022, exports of non-electric iron or steel central heating radiators of cast iron from South Korea skyrocketed to 21K units, with an increase of 2,837% against 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron skyrocketed to $925K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from South Korea in 2022:

1. Saudi Arabia (18.7K units)
2. Oman (1.0K units)
3. Ghana (0.7K units)

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in South Korea

Imports of non-electric iron or steel central heating radiators of cast iron into South Korea dropped sharply to 33K units in 2022, declining by -32.3% compared with 2021 figures. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of 49K units, and then contracted significantly in the following year.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron dropped rapidly to $553K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 164%. As a result, imports reached the peak of $839K, and then contracted dramatically in the following year.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to South Korea in 2022:

1. China (33.1K units)

Source: IndexBox Market Intelligence Platform