Price for Zinc; Plates, Sheets, Strip and Foil in South Korea - 2022

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in South Korea (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in South Korea (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in South Korea
4. Exports of Zinc; Plates, Sheets, Strip and Foil in South Korea

Price for Zinc; Plates, Sheets, Strip and Foil in South Korea (CIF) - 2022

In December 2022, the average import price for zinc; plates, sheets, strip and foils amounted to $5,331 per ton, flattening at the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 23% against the previous month. As a result, import price attained the peak level of $6,889 per ton. From September 2022 to December 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were China ($6,149 per ton) and Germany ($6,057 per ton), while the price for Thailand ($4,147 per ton) and Peru ($4,468 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in South Korea (FOB) - 2022

In December 2022, the average export price for zinc; plates, sheets, strip and foils amounted to $3,793 per ton, picking up by 14% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 20% m-o-m. As a result, the export price reached the peak level of $5,103 per ton. From June 2022 to December 2022, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($9,567 per ton), while the average price for exports to Indonesia ($3,046 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.4%), while the prices for the other major destinations experienced a decline.

Imports of Zinc; Plates, Sheets, Strip and Foil in South Korea

In 2022, the amount of zinc; plates, sheets, strip and foils imported into South Korea reduced notably to 1.1K tons, which is down by -21.3% against the year before. Over the period under review, imports showed a precipitous curtailment. The smallest decline of -10.6% was in 2020.

In value terms, imports of zinc; plates, sheets, strip and foils shrank to $5.8M in 2022. In general, imports saw a abrupt decrease.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to South Korea in 2022:

1. France (300.9 tons)
2. Poland (216.4 tons)
3. Germany (173.9 tons)
4. Spain (133.6 tons)
5. Peru (79.9 tons)
6. China (48.9 tons)
7. Netherlands (39.8 tons)
8. Italy (39.8 tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in South Korea

In 2022, exports of zinc; plates, sheets, strip and foils from South Korea fell to 1.2K tons, reducing by -6% against the previous year's figure. In general, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 9.8% against the previous year.

In value terms, exports of zinc; plates, sheets, strip and foils soared to $4.7M in 2022. Over the period under review, exports recorded a relatively flat trend pattern.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from South Korea in 2022:

1. Thailand (869.9 tons)
2. Indonesia (235.2 tons)
3. Vietnam (55.0 tons)
4. China (18.8 tons)

Source: IndexBox Market Intelligence Platform