Price for Cermets; Articles Thereof, Including Waste and Scrap in South Korea - 2022
Contents:
- Price for Cermets; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022
- Price for Cermets; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022
- Imports of Cermets; Articles Thereof, Including Waste and Scrap in South Korea
- Exports of Cermets; Articles Thereof, Including Waste and Scrap in South Korea
Price for Cermets; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022
The average import price for cermets; articles thereof, including waste and scrap stood at $63,632 per ton in December 2022, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 12% against the previous month. The import price peaked at $65,531 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($96,575 per ton), while the price for China ($57,033 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cermets; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022
In 2022, the average export price for cermets; articles thereof, including waste and scrap amounted to $64,807 per ton, with a decrease of -4.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 24% against the previous year. The export price peaked at $80,180 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($861,570 per ton), while the average price for exports to Japan ($24,449 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 Taiwan (Chinese) (+33.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cermets; Articles Thereof, Including Waste and Scrap in South Korea
In 2022, the amount of cermets; articles thereof, including waste and scrap imported into South Korea skyrocketed to 1.9K tons, jumping by 22% on 2021 figures. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cermets; articles thereof, including waste and scrap skyrocketed to $117M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.4% 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 +49.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cermets; Articles Thereof, Including Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.7 | 49.2 | 64.0 | 90.5 | 7.1% |
| Germany | 13.4 | 11.6 | 9.1 | 9.3 | -11.5% |
| Japan | 6.7 | 5.0 | 7.3 | 4.6 | -11.8% |
| Austria | 2.2 | 1.9 | 3.1 | 3.2 | 13.3% |
| Canada | 1.5 | 4.7 | 1.0 | 0.3 | -41.5% |
| Others | 11.3 | 6.2 | 7.8 | 9.3 | -6.3% |
| Total | 109 | 78.5 | 92.4 | 117 | 2.4% |
Top Suppliers of Cermets; Articles Thereof, Including Waste and Scrap to South Korea in 2022:
- China (1660.4 tons)
- Germany (106.7 tons)
- Japan (47.2 tons)
- Austria (31.8 tons)
- Canada (5.9 tons)
Exports of Cermets; Articles Thereof, Including Waste and Scrap in South Korea
In 2022, exports of cermets; articles thereof, including waste and scrap from South Korea soared to 533 tons, rising by 20% on the previous year's figure. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of cermets; articles thereof, including waste and scrap reached $35M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cermets; Articles Thereof, Including Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 14.5 | 19.0 | 23.9 | 7.0% |
| Germany | 4.9 | 4.7 | 5.1 | 3.7 | -8.9% |
| Japan | 0.2 | 0.1 | 0.4 | 0.7 | 51.8% |
| Vietnam | 2.1 | 2.9 | 1.4 | 0.6 | -34.1% |
| Russia | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Others | 7.4 | 4.7 | 4.2 | 5.3 | -10.5% |
| Total | 34.2 | 27.1 | 30.3 | 34.5 | 0.3% |
Top Export Markets for Cermets; Articles Thereof, Including Waste and Scrap from South Korea in 2022:
- China (407.4 tons)
- Germany (43.4 tons)
- Japan (26.6 tons)
- Vietnam (13.8 tons)
- Russia (8.4 tons)
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