Gold Compounds Price in South Korea - 2022

Contents:

1. Gold Compounds Price in South Korea (FOB) - 2022
2. Gold Compounds Price in South Korea (CIF) - 2022
3. Gold Compounds Exports in South Korea
4. Gold Compounds Imports in South Korea

Gold Compounds Price in South Korea (FOB) - 2022

The average gold compounds export price stood at $3,773,038 per ton in 2022, with an increase of 9.3% against the previous year. In general, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 70%. Over the period under review, the average export prices reached the peak figure at $7,071,779 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($38,878,466 per ton), while the average price for exports to Vietnam ($2,543,431 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 Vietnam (+121.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Compounds Price in South Korea (CIF) - 2022

In 2022, the average gold compounds import price amounted to $4,991,487 per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a deep slump. The pace of growth was the most pronounced in 2019 an increase of 26%. The import price peaked at $21,031,059 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Peru ($46,093,000 per ton), while the price for Mexico ($2,997,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Gold Compounds Exports in South Korea

In 2022, after three years of growth, there was significant decline in overseas shipments of gold compoundses, when their volume decreased by -29.9% to 23 tons. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 125%.

In value terms, gold compounds exports contracted sharply to $86M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 145% against the previous year. As a result, the exports reached the peak of $112M, and then declined rapidly in the following year.

Top Export Markets for Gold Compounds from South Korea in 2022:

1. Vietnam (18.3 tons)
2. China (4.0 tons)

Gold Compounds Imports in South Korea

In 2022, after three years of growth, there was significant decline in purchases abroad of gold compoundses, when their volume decreased by -75.6% to 3.4 tons. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 251%. As a result, imports attained the peak of 14 tons, and then fell sharply in the following year.

In value terms, gold compounds imports shrank sharply to $17M in 2022. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 330% against the previous year. As a result, imports reached the peak of $70M, and then dropped rapidly in the following year.

Top Suppliers of Gold Compounds to South Korea in 2022:

1. United States (2628.0 kg)
2. Mexico (642.0 kg)
3. Peru (65.0 kg)

Source: IndexBox Market Intelligence Platform