Ferro-Alloys; Ferro-Vanadium Price in South Korea - 2022
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in South Korea (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in South Korea (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Exports in South Korea
- Ferro-Alloys; Ferro-Vanadium Imports in South Korea
Ferro-Alloys; Ferro-Vanadium Price in South Korea (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $25,003 per ton in December 2022, growing by 3.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 20% month-to-month. The export price peaked at $36,843 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2022, the highest price was recorded for prices to the Netherlands ($25,564 per ton) and India ($25,150 per ton), while the average price for exports to Japan ($23,483 per ton) and Belgium ($23,987 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in South Korea (CIF) - 2022
In December 2022, the average ferro-alloys; ferro-vanadium import price amounted to $24,232 per ton, remaining stable against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 22% against the previous month. The import price peaked at $38,042 per ton in May 2022; however, from June 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 Austria amounted to +1.9% per month.
Ferro-Alloys; Ferro-Vanadium Exports in South Korea
In 2022, approx. 2.4K tons of ferro-alloys; ferro-vanadia were exported from South Korea; waning by -2.4% against 2021 figures. Overall, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 5.1% against the previous year.
In value terms, ferro-alloys; ferro-vanadium exports shrank dramatically to $49M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 73% against the previous year.
| Export of Ferro-Alloys; Ferro-Vanadium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 51.2 | 25.0 | 44.9 | 29.5 | -16.8% |
| India | 2.1 | 1.9 | 5.1 | 10.0 | 68.2% |
| Belgium | 1.1 | N/A | 0.2 | 4.4 | 58.7% |
| Japan | 11.2 | 2.4 | 2.6 | 2.6 | -38.5% |
| Taiwan (Chinese) | 5.2 | 2.6 | 3.6 | 1.3 | -37.0% |
| Italy | 6.2 | 0.9 | 0.7 | 0.4 | -59.9% |
| Turkey | 6.9 | 2.2 | 3.1 | N/A | -33.0% |
| Others | 5.4 | 1.2 | 2.6 | 1.3 | -37.8% |
| Total | 89.3 | 36.2 | 62.7 | 49.5 | -17.9% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from South Korea in 2022:
- Netherlands (1413.4 tons)
- India (487.3 tons)
- Belgium (213.4 tons)
- Japan (147.6 tons)
- Taiwan (Chinese) (63.1 tons)
- Italy (17.8 tons)
Ferro-Alloys; Ferro-Vanadium Imports in South Korea
In 2022, approx. 2.3K tons of ferro-alloys; ferro-vanadia were imported into South Korea; picking up by 8.7% compared with the previous year. The total import volume increased at an average annual rate of +9.5% 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 when imports increased by 42% against the previous year. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ferro-alloys; ferro-vanadium imports fell to $51M in 2022. In general, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 19%.
| Import of Ferro-Alloys; Ferro-Vanadium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.7 | 34.8 | 40.9 | 44.7 | -9.7% |
| Austria | 2.4 | 6.0 | 5.5 | 4.2 | 20.5% |
| South Africa | N/A | 1.0 | 8.7 | 2.0 | 41.4% |
| Canada | N/A | 3.6 | N/A | N/A | 0% |
| Others | 1.3 | 1.2 | 0.3 | N/A | -52.0% |
| Total | 64.4 | 46.5 | 55.4 | 51.0 | -7.5% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to South Korea in 2022:
- China (2013.3 tons)
- Austria (181.9 tons)
- South Africa (101.0 tons)
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