Metals; Silver Powder Price in South Korea - 2022
Contents:
- Metals; Silver Powder Price in South Korea (CIF) - 2022
- Metals; Silver Powder Price in South Korea (FOB) - 2022
- Metals; Silver Powder Imports in South Korea
- Metals; Silver Powder Exports in South Korea
Metals; Silver Powder Price in South Korea (CIF) - 2022
The average metals; silver powder import price stood at $124K per ton in December 2022, rising by 16% against the previous month. Overall, import price indicated a slight expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, metals; silver powder import price decreased by -11.6% against October 2022 indices. The growth pace was the most rapid in July 2022 an increase of 67% month-to-month. Over the period under review, average import prices attained the peak figure at $185K 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 the United States ($849K per ton), while the price for China ($53,102 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 the United States (-1.0%), while the prices for the other major suppliers experienced a decline.
Metals; Silver Powder Price in South Korea (FOB) - 2022
In 2022, the average metals; silver powder export price amounted to $160,415 per ton, dropping by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. The export price peaked at $174,152 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($699,788 per ton), while the average price for exports to India ($42,868 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 Japan (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Metals; Silver Powder Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of metals; silver powder, when their volume decreased by -7.5% to 743 tons. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.7% 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 +89.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73%.
In value terms, metals; silver powder imports dropped markedly to $82M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of $100M, and then reduced notably in the following year.
| Import of Metals; Silver Powder in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.2 | 28.6 | 46.8 | 37.9 | 17.8% |
| Japan | 30.9 | 24.7 | 38.4 | 31.1 | 0.2% |
| France | 2.5 | 3.4 | 6.7 | 5.4 | 29.3% |
| Taiwan (Chinese) | 1.4 | 2.2 | 3.9 | 3.2 | 31.7% |
| China | 3.4 | 4.2 | 2.3 | 2.6 | -8.6% |
| Thailand | N/A | 0.4 | 1.6 | 1.3 | 80.3% |
| Others | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Total | 61.6 | 63.7 | 100 | 82.0 | 10.0% |
Top Suppliers of Metals; Silver Powder to South Korea in 2022:
- Japan (469.7 tons)
- France (109.9 tons)
- China (59.7 tons)
- United States (39.4 tons)
- Taiwan (Chinese) (36.6 tons)
- Thailand (25.9 tons)
Metals; Silver Powder Exports in South Korea
After three years of growth, overseas shipments of metals; silver powder decreased by -6.8% to 182 tons in 2022. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 195 tons, and then declined in the following year.
In value terms, metals; silver powder exports reduced to $29M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. As a result, the exports attained the peak of $32M, and then declined in the following year.
| Export of Metals; Silver Powder in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.9 | 13.9 | 13.2 | 12.5 | -7.7% |
| Taiwan (Chinese) | 4.7 | 4.4 | 4.9 | 4.3 | -2.9% |
| Switzerland | 0.6 | 0.9 | 3.7 | 3.3 | 76.5% |
| Thailand | 2.2 | 2.9 | 3.4 | 3.0 | 10.9% |
| Philippines | 1.0 | 1.3 | 2.3 | 2.0 | 26.0% |
| India | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | 1.4 | 3.1 | 4.2 | 3.9 | 40.7% |
| Total | 25.9 | 26.5 | 31.9 | 29.2 | 4.1% |
Top Export Markets for Metals; Silver Powder from South Korea in 2022:
- China (111.9 tons)
- Philippines (26.9 tons)
- Taiwan (Chinese) (25.4 tons)
- Switzerland (4.7 tons)
- India (3.5 tons)
- Thailand (2.5 tons)
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