Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea - 2022
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (CIF) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (CIF) - 2022
In December 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $16,221 per ton, rising by 49% against the previous month. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in August 2022 an increase of 218% month-to-month. Over the period under review, average import prices attained the maximum at $65,338 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Russia ($141K per ton), while the price for China totaled $10,966 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (FOB) - 2022
In 2022, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $178,966 per ton, falling by -6.1% against the previous year. Over the period under review, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2015 an increase of 220% against the previous year. The export price peaked at $190,686 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($272,574 per ton), while the average price for exports to Japan ($26,547 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 Vietnam (+74.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea
Imports of chromium and articles thereof; wrought other than waste and scrap into South Korea shrank markedly to 330 tons in 2022, falling by -44.3% on the previous year. In general, imports saw a precipitous decrease. The smallest decline of -2.5% was in 2020.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap dropped remarkably to $5.7M in 2022. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 1.1% against the previous year.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.6 | 2.2 | 3.0 | 26.0% |
| Russia | 0.9 | 0.5 | 0.5 | 0.7 | -8.0% |
| United Kingdom | 4.0 | 3.0 | 2.5 | 0.4 | -53.6% |
| Germany | 0.6 | 0.7 | 0.7 | 0.4 | -12.6% |
| France | 0.5 | 0.1 | 0.3 | N/A | -22.5% |
| Others | 1.6 | 1.6 | 1.4 | 1.2 | -9.1% |
| Total | 9.1 | 7.5 | 7.6 | 5.7 | -14.4% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to South Korea in 2022:
- China (235.7 tons)
- Russia (41.9 tons)
- United Kingdom (40.0 tons)
- Germany (9.1 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea
In 2022, overseas shipments of chromium and articles thereof; wrought other than waste and scrap decreased by -17.3% to 1.5 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 167% against the previous year. As a result, the exports reached the peak of 5.3 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap declined rapidly to $266K in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 43%. As a result, the exports reached the peak of $358K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 98.3 | 170 | 233 | 143 | 13.3% |
| China | 114 | 126 | 79.9 | 92.5 | -6.7% |
| Czech Republic | 8.0 | 4.1 | 17.7 | 11.9 | 14.2% |
| Japan | 8.1 | 1.0 | 1.6 | 6.5 | -7.1% |
| India | 4.8 | 4.5 | 4.3 | 4.1 | -5.1% |
| United States | 6.0 | 22.0 | 4.0 | 3.6 | -15.7% |
| Germany | 1.6 | 0.8 | N/A | 2.2 | 11.2% |
| Philippines | N/A | 24.8 | N/A | N/A | 0% |
| Others | 9.0 | 4.7 | 2.7 | 1.9 | -40.5% |
| Total | 250 | 358 | 343 | 266 | 2.1% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from South Korea in 2022:
- Vietnam (526.0 kg)
- China (512.0 kg)
- Japan (245.0 kg)
- Czech Republic (57.0 kg)
- United States (48.0 kg)
- Germany (48.0 kg)
- India (32.0 kg)
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