Republic of Korea - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in South Korea - 2022
Contents:
- Price for Hot-Rolled High Speed Steel Bar in South Korea (CIF) - 2022
- Price for Hot-Rolled High Speed Steel Bar in South Korea (FOB) - 2022
- Imports of Hot-Rolled High Speed Steel Bar in South Korea
- Exports of Hot-Rolled High Speed Steel Bar in South Korea
Price for Hot-Rolled High Speed Steel Bar in South Korea (CIF) - 2022
The average import price for hot-rolled bars of high speed steel stood at $15,772 per ton in December 2022, with an increase of 15% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The growth pace was the most rapid in January 2022 an increase of 22% m-o-m. Over the period under review, average import prices attained the peak figure at $18,691 per ton in September 2022; however, from October 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($29,082 per ton), while the price for China ($6,181 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 Japan (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled High Speed Steel Bar in South Korea (FOB) - 2022
In 2022, the average export price for hot-rolled bars of high speed steel amounted to $2,751 per ton, falling by -34.5% against the previous year. In general, the export price saw a abrupt decline. The growth pace was the most rapid in 2013 an increase of 132% against the previous year. As a result, the export price reached the peak level of $32,003 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Japan ($7,134 per ton), while the average price for exports to China totaled $2,260 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+22.1%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled High Speed Steel Bar in South Korea
In 2022, the amount of hot-rolled bars of high speed steel imported into South Korea surged to 2.1K tons, with an increase of 19% against the year before. Over the period under review, imports, however, showed a abrupt contraction.
In value terms, hot-rolled high speed steel bar imports surged to $31M in 2022. In general, imports, however, recorded a slight downturn.
Import of Hot-Rolled High Speed Steel Bar in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 9.0 | 4.4 | 3.4 | 8.7 | -1.1% |
Japan | 6.9 | 5.1 | 5.2 | 8.6 | 7.6% |
China | 7.8 | 4.1 | 5.6 | 6.6 | -5.4% |
Sweden | 3.1 | 2.4 | 2.6 | 3.9 | 8.0% |
Austria | 2.9 | 1.7 | 1.7 | 2.1 | -10.2% |
Brazil | 0.4 | N/A | N/A | 0.5 | 7.7% |
Others | 2.1 | 0.7 | 0.9 | 0.6 | -34.1% |
Total | 32.3 | 18.4 | 19.4 | 31.0 | -1.4% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to South Korea in 2022:
- China (778.0 tons)
- Japan (588.4 tons)
- France (372.9 tons)
- Sweden (153.9 tons)
- Austria (135.5 tons)
- Brazil (32.0 tons)
Exports of Hot-Rolled High Speed Steel Bar in South Korea
Hot-rolled high speed steel bar exports from South Korea dropped dramatically to 54 tons in 2022, falling by -41.2% compared with the year before. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 262% against the previous year. As a result, the exports attained the peak of 91 tons, and then reduced rapidly in the following year.
In value terms, hot-rolled high speed steel bar exports reduced notably to $147K in 2022. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 197%.
Export of Hot-Rolled High Speed Steel Bar in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 147 | 74.7 | 374 | 119 | -6.8% |
Vietnam | N/A | 20.8 | N/A | 0.9 | -79.2% |
India | 278 | N/A | N/A | N/A | 0% |
United Arab Emirates | 82.7 | 6.2 | 7.1 | N/A | -70.7% |
Pakistan | N/A | 8.3 | N/A | N/A | 0% |
Others | 3.4 | 18.8 | 1.7 | 27.8 | 101.5% |
Total | 510 | 129 | 383 | 147 | -33.9% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from South Korea in 2022:
- Vietnam (undefined tons)
- China (52.5 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed steel
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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