Republic of Korea - Aluminium Alloy Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Alloy Wire Price in South Korea - 2022
Contents:
- Aluminium Alloy Wire Price in South Korea (CIF) - 2022
- Aluminium Alloy Wire Price in South Korea (FOB) - 2022
- Aluminium Alloy Wire Imports in South Korea
- Aluminium Alloy Wire Exports in South Korea
Aluminium Alloy Wire Price in South Korea (CIF) - 2022
In 2022, the average aluminium alloy wire import price amounted to $3,914 per ton, declining by -1.8% against the previous year. Over the period under review, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7% against the previous year. The import price peaked at $4,584 per ton in 2012; however, from 2013 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 Canada ($5,622 per ton), while the price for Malaysia ($2,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Alloy Wire Price in South Korea (FOB) - 2022
In 2022, the average aluminium alloy wire export price amounted to $4,078 per ton, which is down by -7.9% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire export price decreased by -23.0% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 93%. As a result, the export price reached the peak level of $5,295 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,776 per ton), while the average price for exports to India ($2,247 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 Thailand (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Alloy Wire Imports in South Korea
In 2022, the amount of aluminium alloy wire imported into South Korea rose to 5.1K tons, picking up by 3.2% on the previous year's figure. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 5.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, aluminium alloy wire imports stood at $20M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 5.5%. As a result, imports reached the peak of $20M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Aluminium Alloy Wire in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.3 | 7.3 | 6.8 | 6.8 | 2.6% |
Japan | 3.7 | 3.9 | 4.2 | 4.3 | 5.1% |
Malaysia | 1.1 | 1.3 | 2.0 | 2.1 | 24.1% |
United Kingdom | 2.5 | 2.3 | 1.2 | 1.4 | -17.6% |
United States | 1.3 | 1.6 | 1.2 | 1.3 | 0.0% |
Vietnam | 1.6 | 0.9 | 1.0 | 1.0 | -14.5% |
Canada | 0.9 | 1.0 | 0.7 | 0.7 | -8.0% |
Netherlands | 0.5 | 0.1 | 0.7 | 0.7 | 11.9% |
Others | 1.3 | 1.5 | 1.7 | 1.6 | 7.2% |
Total | 19.0 | 20.1 | 19.6 | 19.8 | 1.4% |
Top Suppliers of Aluminium Alloy Wire to South Korea in 2022:
- China (1626.2 tons)
- Japan (1069.9 tons)
- Malaysia (765.9 tons)
- United Kingdom (401.7 tons)
- Vietnam (318.9 tons)
- United States (223.9 tons)
- Netherlands (175.4 tons)
- Canada (131.1 tons)
Aluminium Alloy Wire Exports in South Korea
In 2022, approx. 834 tons of aluminium alloy wire were exported from South Korea; with an increase of 7% against the previous year's figure. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, the exports reached the peak of 889 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, aluminium alloy wire exports contracted to $3.4M in 2022. Overall, exports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of 3% against the previous year.
Export of Aluminium Alloy Wire in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 1,366 | 644 | 716 | 1,209 | -4.0% |
Thailand | 490 | 335 | 412 | 695 | 12.4% |
Japan | 109 | 270 | 407 | 687 | 84.7% |
China | 1,104 | 95.9 | 177 | 485 | -24.0% |
India | 339 | 14.1 | 15.0 | 120 | -29.3% |
Uganda | 62.7 | 11.9 | 43.2 | 73.1 | 5.2% |
Austria | N/A | 1,792 | 1,573 | N/A | -12.2% |
Others | 82.8 | 190 | 110 | 133 | 17.1% |
Total | 3,554 | 3,353 | 3,453 | 3,403 | -1.4% |
Top Export Markets for Aluminium Alloy Wire from South Korea in 2022:
- Vietnam (338.0 tons)
- Japan (181.5 tons)
- Thailand (127.4 tons)
- China (100.1 tons)
- India (53.2 tons)
- Uganda (13.1 tons)
This report provides an in-depth analysis of the aluminium alloy wire market 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 24422350 - Aluminium alloy wire (excluding insulated electric wire and cable, twine and cordage reinforced with aluminium wire, s tranded wire and cables)
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
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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 aluminium alloy wire market in Republic of Korea.
This report provides an in-depth analysis of the global aluminium alloy wire market.
This report provides an in-depth analysis of the non-alloy aluminium wire market in Republic of Korea.
This report provides an in-depth analysis of the aluminium alloy wire market in Republic of Korea.
Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
This report provides an in-depth analysis of the global aluminium alloy wire market.
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