Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea - 2022

Contents:

1. Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea (CIF) - 2022
2. Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea (FOB) - 2022
3. Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea
4. Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea

Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea (CIF) - 2022

In 2022, the average import price for base metals clad with silver; not further worked than semi-manufactured amounted to $201,466 per ton, which is down by -28.8% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. As a result, import price attained the peak level of $283,055 per ton, and then fell notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($283,623 per ton), while the price for Japan ($191,320 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea (FOB) - 2022

In December 2022, the average export price for base metals clad with silver; not further worked than semi-manufactured amounted to $101K per ton, jumping by 69% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 95% m-o-m. The export price peaked at $146K per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Romania ($687K per ton), while the average price for exports to Hong Kong SAR ($53,206 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea

In 2022, approx. 21 tons of base metals clad with silver; not further worked than semi-manufactured were imported into South Korea; jumping by 22% on the year before. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of base metals clad with silver; not further worked than semi-manufactured fell to $4.3M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $4.9M, and then dropped in the following year.

Top Suppliers of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured to South Korea in 2022:

1. Japan (18.6 tons)
2. Germany (2.0 tons)
3. United States (0.5 tons)

Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in South Korea

In 2022, exports of base metals clad with silver; not further worked than semi-manufactured from South Korea skyrocketed to 40 tons, increasing by 82% on 2021 figures. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 522%. As a result, the exports attained the peak of 46 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of base metals clad with silver; not further worked than semi-manufactured soared to $3.8M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 347%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured from South Korea in 2022:

1. China (24.9 tons)
2. Hong Kong SAR (6.4 tons)
3. Indonesia (4.3 tons)
4. Taiwan (Chinese) (2.8 tons)

Source: IndexBox Market Intelligence Platform