Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea - 2022
Contents:
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (FOB) - 2022
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (CIF) - 2022
- Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea
- Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (FOB) - 2022
In 2022, the average export price for clasps and frames with clasps amounted to $10,353 per ton, declining by -18.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 113% against the previous year. As a result, the export price attained the peak level of $12,760 per ton, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($44,631 per ton), while the average price for exports to the United States ($7,806 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 Malaysia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (CIF) - 2022
In 2022, the average import price for clasps and frames with clasps amounted to $18,341 per ton, with a decrease of -25.1% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 90% against the previous year. Over the period under review, average import prices hit record highs at $28,888 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($210,788 per ton), while the price for China ($5,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.4%), while the prices for the other major suppliers experienced a decline.
Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea
After two years of decline, shipments abroad of clasps and frames with clasps increased by 196% to 159 tons in 2022. Overall, exports, however, recorded a noticeable decline.
In value terms, exports of clasps and frames with clasps soared to $1.6M in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 651 | 487 | 207 | 693 | 2.1% |
| Nigeria | N/A | N/A | N/A | 418 | 0% |
| Japan | 76.0 | 88.1 | 22.8 | 169 | 30.5% |
| Malaysia | N/A | N/A | N/A | 100 | 0% |
| Vietnam | 16.6 | 78.8 | 4.5 | 93.3 | 77.8% |
| Cambodia | 22.6 | 4.3 | N/A | 46.5 | 27.2% |
| China | 85.8 | 8.9 | 1.9 | 12.3 | -47.7% |
| Saudi Arabia | 4.7 | 97.9 | 433 | N/A | 859.8% |
| Others | 181 | 80.1 | 18.7 | 117 | -13.5% |
| Total | 1,037 | 845 | 688 | 1,649 | 16.7% |
Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from South Korea in 2022:
- United States (88.7 tons)
- Nigeria (52.1 tons)
- Malaysia (7.5 tons)
- Japan (3.8 tons)
- Vietnam (2.7 tons)
- China (0.5 tons)
- Cambodia (0.4 tons)
Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea
In 2022, purchases abroad of clasps and frames with clasps decreased by -9.3% to 27 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, imports reached the peak of 62 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of clasps and frames with clasps fell markedly to $498K in 2022. In general, imports saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, imports attained the peak of $1.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 819 | 1,131 | 480 | 319 | -27.0% |
| China | 298 | 353 | 185 | 123 | -25.5% |
| Taiwan (Chinese) | 66.3 | 37.5 | 37.5 | 31.6 | -21.9% |
| Others | 54.2 | 51.7 | 30.9 | 24.2 | -23.6% |
| Total | 1,237 | 1,573 | 733 | 498 | -26.2% |
Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to South Korea in 2022:
- China (23.1 tons)
- Taiwan (Chinese) (1.8 tons)
- United States (1.5 tons)
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