Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea - 2022

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea (CIF) - 2022
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea (CIF) - 2022

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $7,108 per ton in December 2022, surging by 4.7% against the previous month. Overall, the import price, however, recorded a mild decrease. The growth pace was the most rapid in October 2022 when the average import price increased by 29% against the previous month. Over the period under review, average import prices hit record highs at $10,530 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($21,202 per ton), while the price for Thailand ($3,635 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 (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea (FOB) - 2022

In December 2022, the average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $14,794 per ton, rising by 9.2% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 35% m-o-m. As a result, the export price reached the peak level of $16,929 per ton. From September 2022 to December 2022, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($34,496 per ton), while the average price for exports to Turkey ($4,007 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 Malaysia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea

In 2022, approx. 17K tons of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds were imported into South Korea; which is down by -9.3% compared with 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. As a result, imports attained the peak of 19K tons, and then dropped in the following year.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds fell remarkably to $132M in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 100% against the previous year.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to South Korea in 2022:

1. China (14.8K tons)
2. Japan (1.0K tons)
3. Thailand (1.0K tons)
4. Germany (0.2K tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in South Korea

In 2022, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds from South Korea reduced to 6.2K tons, with a decrease of -13.1% on 2021. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 18%.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds fell modestly to $89M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, the exports reached the peak of $90M, and then shrank in the following year.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from South Korea in 2022:

1. China (1474.9 tons)
2. Brazil (765.7 tons)
3. Malaysia (753.5 tons)
4. Japan (699.4 tons)
5. Turkey (544.8 tons)
6. Vietnam (489.7 tons)
7. Indonesia (424.0 tons)
8. United States (292.7 tons)
9. Philippines (255.9 tons)
10. Thailand (10.7 tons)

Source: IndexBox Market Intelligence Platform