Republic of Korea - Carbides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCarbides Price in South Korea - 2022
Contents:
- Carbides Price in South Korea (CIF) - 2022
- Carbides Price in South Korea (FOB) - 2022
- Carbides Imports in South Korea
- Carbides Exports in South Korea
Carbides Price in South Korea (CIF) - 2022
The average carbides import price stood at $2,344 per ton in December 2022, dropping by -11.7% against the previous month. In general, the import price showed a mild curtailment. The growth pace was the most rapid in April 2022 an increase of 40% m-o-m. The import price peaked at $3,801 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($8,233 per ton), while the price for Vietnam ($1,148 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbides Price in South Korea (FOB) - 2022
The average carbides export price stood at $33,496 per ton in 2022, growing by 22% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 60% against the previous year. The export price peaked at $48,857 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($51,006 per ton), while the average price for exports to China ($5,755 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 the UK (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.
Carbides Imports in South Korea
In 2022, the amount of carbides imported into South Korea rose markedly to 62K tons, growing by 5.2% on the year before. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, carbides imports expanded sharply to $165M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Carbides in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 79.7 | 68.1 | 118 | 125 | 16.2% |
Vietnam | 8.2 | 5.6 | 7.4 | 9.7 | 5.8% |
Japan | 5.5 | 5.0 | 4.9 | 6.7 | 6.8% |
Others | 20.4 | 17.2 | 22.3 | 23.7 | 5.1% |
Total | 114 | 95.8 | 153 | 165 | 13.1% |
Top Suppliers of Carbides to South Korea in 2022:
- China (55.2K tons)
- Vietnam (4.2K tons)
- Japan (1.2K tons)
Carbides Exports in South Korea
In 2022, overseas shipments of carbides decreased by -3.5% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17%.
In value terms, carbides exports skyrocketed to $36M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Carbides in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 10.5 | 5.1 | 8.0 | 13.5 | 8.7% |
Sweden | 7.6 | 6.5 | 9.5 | 9.4 | 7.3% |
Israel | 4.9 | 2.4 | 5.0 | 4.8 | -0.7% |
United Kingdom | 0.9 | 2.7 | 2.6 | 3.2 | 52.6% |
China | 0.5 | 0.6 | 0.7 | 1.4 | 40.9% |
Germany | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
Italy | 2.1 | 2.9 | 1.9 | 0.5 | -38.0% |
United States | 0.3 | 0.9 | 0.9 | 0.3 | 0.0% |
Vietnam | 0.8 | 0.5 | 0.6 | 0.2 | -37.0% |
Others | 0.2 | 0.5 | 0.8 | 1.7 | 104.1% |
Total | 28.3 | 22.5 | 30.5 | 36.0 | 8.4% |
Top Export Markets for Carbides from South Korea in 2022:
- Japan (305.1 tons)
- China (249.9 tons)
- Sweden (190.0 tons)
- Israel (100.5 tons)
- United Kingdom (63.1 tons)
- United States (40.7 tons)
- Germany (29.0 tons)
- Vietnam (15.9 tons)
- Italy (10.0 tons)
This report provides an in-depth analysis of the carbides 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 20136450 - Carbides whether or not chemically defined
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
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In value terms, carbides imports totaled $X in 2016. Overall, carbides imports continue to indicate a slight descent. Global carbides import peaked of $X in 2011; however, from 2012 to 2016, it ...
In value terms, carbides exports stood at $X in 2016. Overall, carbides exports continue to indicate a slight decrease. Over the period under review, global carbides exports reached its maximum lev...
In value terms, carbides imports totaled $X in 2016. Overall, carbides imports continue to indicate a slight descent. Global carbides import peaked of $X in 2011; however, from 2012 to 2016, it ...
In value terms, carbides exports stood at $X in 2016. Overall, carbides exports continue to indicate a slight decrease. Over the period under review, global carbides exports reached its maximum lev...