Republic of Korea - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in South Korea - 2022
Contents:
- Artificial Corundum Price in South Korea (CIF) - 2022
- Artificial Corundum Price in South Korea (FOB) - 2022
- Artificial Corundum Imports in South Korea
- Artificial Corundum Exports in South Korea
Artificial Corundum Price in South Korea (CIF) - 2022
In December 2022, the average artificial corundum import price amounted to $902 per ton, falling by -6.2% against the previous month. Over the period under review, the import price recorded a mild descent. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $1,242 per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,297 per ton), while the price for China totaled $799 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.3%).
Artificial Corundum Price in South Korea (FOB) - 2022
In 2022, the average artificial corundum export price amounted to $975 per ton, with an increase of 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2013 when the average export price increased by 30%. The export price peaked at $1,034 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($1,850 per ton), while the average price for exports to Thailand ($591 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 Indonesia (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in South Korea
Artificial corundum imports into South Korea fell to 82K tons in 2022, with a decrease of -9.6% compared with the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 91K tons, and then contracted in the following year.
In value terms, artificial corundum imports contracted to $75M in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $85M, and then contracted in the following year.
Import of Artificial Corundum in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 58.5 | 50.3 | 66.5 | 63.4 | 2.7% |
Japan | 15.6 | 11.2 | 13.3 | 7.7 | -21.0% |
Others | 5.2 | 2.5 | 5.8 | 3.7 | -10.7% |
Total | 79.3 | 64.0 | 85.5 | 74.7 | -2.0% |
Top Suppliers of Artificial Corundum to South Korea in 2022:
- China (77.4K tons)
- Japan (3.4K tons)
Artificial Corundum Exports in South Korea
In 2022, exports of artificial corundum from South Korea declined notably to 13K tons, with a decrease of -25.4% compared with 2021 figures. Overall, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% 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 increased by +43.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 17K tons, and then declined rapidly in the following year.
In value terms, artificial corundum exports contracted markedly to $13M in 2022. In general, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. As a result, the exports reached the peak of $16M, and then contracted dramatically in the following year.
Export of Artificial Corundum in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 5.4 | 3.7 | 6.6 | 4.9 | -3.2% |
Indonesia | 2.5 | 2.2 | 2.6 | 2.7 | 2.6% |
China | 0.3 | 0.3 | 1.2 | 1.2 | 58.7% |
Vietnam | 0.4 | 0.5 | 0.9 | 0.9 | 31.0% |
Iran | 1.5 | 1.1 | 0.7 | 0.7 | -22.4% |
Thailand | 0.5 | 0.1 | 0.6 | 0.6 | 6.3% |
Taiwan (Chinese) | 0.1 | 0.4 | 0.1 | 0.2 | 26.0% |
Others | 0.9 | 0.9 | 3.3 | 1.3 | 13.0% |
Total | 11.5 | 9.1 | 16.0 | 12.6 | 3.1% |
Top Export Markets for Artificial Corundum from South Korea in 2022:
- Japan (5.3K tons)
- Indonesia (2.6K tons)
- China (1.4K tons)
- Iran (1.0K tons)
- Thailand (1.0K tons)
- Vietnam (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
This report provides an in-depth analysis of the artificial corundum 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 23991500 - Artificial corundum (excluding mechanical mixtures)
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
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