Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea - 2022
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (CIF) - 2022
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea
- Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (CIF) - 2022
In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $4,058 per ton, dropping by -17.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 33%. The import price peaked at $5,487 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($13,656 per ton), while the price for China ($2,549 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (FOB) - 2022
In December 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,209 per ton, approximately reflecting the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 11% m-o-m. The export price peaked at $2,384 per ton in May 2022; however, from June 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($4,705 per ton), while the average price for exports to China ($1,211 per ton) was 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 (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea
Imports of alloy steel flat-rolled products, of a width of less than 600mms into South Korea surged to 32K tons in 2022, rising by 28% against the year before. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms expanded sharply to $131M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, imports attained the peak of $160M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 30.9 | 25.3 | 26.5 | 51.0 | 18.2% |
France | 61.4 | 102 | 60.5 | 36.8 | -15.7% |
China | 21.0 | 19.1 | 24.4 | 28.6 | 10.8% |
Germany | 5.2 | 7.1 | 6.2 | 7.1 | 10.9% |
Others | 9.4 | 6.6 | 7.4 | 8.0 | -5.2% |
Total | 128 | 160 | 125 | 131 | 0.8% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to South Korea in 2022:
- Japan (16.8K tons)
- China (11.2K tons)
- France (2.7K tons)
- Germany (0.7K tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea
For the third consecutive year, South Korea recorded decline in overseas shipments of alloy steel flat-rolled products, of a width of less than 600mms, which decreased by -23.5% to 41K tons in 2022. Overall, exports recorded a deep downturn. The smallest decline of -8.1% was in 2021.
In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms dropped to $88M in 2022. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 3.2% against the previous year.
Export of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.3 | 32.8 | 33.0 | 26.7 | -14.2% |
Vietnam | 20.6 | 17.1 | 18.1 | 16.2 | -7.7% |
India | 9.2 | 7.1 | 12.4 | 10.9 | 5.8% |
Thailand | 5.5 | 6.1 | 6.5 | 8.9 | 17.4% |
Indonesia | 6.8 | 4.4 | 5.5 | 7.1 | 1.4% |
Canada | 0.6 | 0.6 | 2.0 | 3.1 | 72.9% |
Japan | 2.1 | 1.7 | 2.3 | 2.3 | 3.1% |
Colombia | 2.8 | 3.4 | 1.0 | 2.3 | -6.3% |
Taiwan (Chinese) | 2.6 | 3.1 | 4.1 | 1.9 | -9.9% |
Malaysia | 1.4 | 2.9 | 1.1 | 1.8 | 8.7% |
Egypt | 3.5 | 4.3 | 4.2 | 1.2 | -30.0% |
Australia | 3.9 | 3.5 | 2.7 | 0.6 | -46.4% |
Others | 10.1 | 7.1 | 4.2 | 5.5 | -18.3% |
Total | 111 | 94.1 | 97.1 | 88.4 | -7.3% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from South Korea in 2022:
- China (16.8K tons)
- India (6.0K tons)
- Indonesia (4.2K tons)
- Vietnam (2.6K tons)
- Thailand (1.9K tons)
- Malaysia (1.6K tons)
- Japan (1.3K tons)
- Colombia (1.2K tons)
- Canada (0.9K tons)
- Egypt (0.9K tons)
- Taiwan (Chinese) (0.6K tons)
- Australia (0.2K tons)
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product in Republic of Korea.
This report provides an in-depth analysis of the global market for silicon-electrical steel flat-rolled product.
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