Price for Brass Tubes and Pipes in South Korea - 2022
Contents:
- Price for Brass Tubes and Pipes in South Korea (FOB) - 2022
- Price for Brass Tubes and Pipes in South Korea (CIF) - 2022
- Exports of Brass Tubes and Pipes in South Korea
- Imports of Brass Tubes and Pipes in South Korea
Price for Brass Tubes and Pipes in South Korea (FOB) - 2022
In 2022, the average brass tubes and pipes export price amounted to $13,413 per ton, increasing by 13% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brass tubes and pipes export price increased by +70.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($26,000 per ton), while the average price for exports to India ($9,237 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 Qatar (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Brass Tubes and Pipes in South Korea (CIF) - 2022
The average brass tubes and pipes import price stood at $16,556 per ton in 2022, increasing by 5.2% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($14,993 per ton), while the price for China totaled $10,529 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.9%).
Exports of Brass Tubes and Pipes in South Korea
Brass tubes and pipes exports from South Korea expanded to 1.4K tons in 2022, increasing by 2.4% against the year before. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.
In value terms, brass tubes and pipes exports soared to $19M in 2022. In general, exports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 39%.
| Export of Brass Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 3.7 | 5.9 | 6.5 | 14.8% |
| United States | 5.8 | 1.8 | 2.4 | 4.5 | -8.1% |
| Japan | 1.8 | 1.0 | 1.6 | 1.5 | -5.9% |
| China | 4.0 | 1.5 | 1.6 | 1.2 | -33.1% |
| Indonesia | 0.9 | 0.5 | 0.8 | 0.7 | -8.0% |
| Thailand | 0.5 | 0.2 | 0.4 | 0.4 | -7.2% |
| Singapore | 0.5 | 0.5 | 0.4 | 0.3 | -15.7% |
| Others | 3.5 | 2.4 | 3.2 | 3.8 | 2.8% |
| Total | 21.3 | 11.7 | 16.3 | 18.8 | -4.1% |
Top Export Markets for Brass Tubes and Pipes from South Korea in 2022:
- India (700.6 tons)
- United States (207.1 tons)
- China (123.6 tons)
- Japan (112.1 tons)
- Indonesia (79.8 tons)
- Thailand (30.7 tons)
- Singapore (28.6 tons)
Imports of Brass Tubes and Pipes in South Korea
For the fourth year in a row, South Korea recorded growth in supplies from abroad of tubes and pipes of copper-zinc base alloys (brass), which increased by 16% to 365 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.9% 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 +81.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, brass tubes and pipes imports surged to $6M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Brass Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.6 | 2.6 | 3.7 | 4.7 | 43.2% |
| China | 0.4 | 0.5 | 0.3 | 0.5 | 7.7% |
| Others | 0.8 | 0.9 | 1.0 | 0.9 | 4.0% |
| Total | 2.8 | 4.0 | 5.0 | 6.0 | 28.9% |
Top Suppliers of Brass Tubes and Pipes to South Korea in 2022:
- Thailand (310.5 tons)
- China (45.8 tons)
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