Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea (CIF) - 2022
2. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea (FOB) - 2022
3. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea
4. Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea (CIF) - 2022

The average import price for copper; cast, moulded, stamped or forged, but not further worked stood at $9,606 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a pronounced decrease. The growth pace was the most rapid in 2021 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $13,715 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($10,246 per ton), while the price for Malaysia ($6,266 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea (FOB) - 2022

The average export price for copper; cast, moulded, stamped or forged, but not further worked stood at $24,028 per ton in November 2021, reducing by -1.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2021 an increase of 27% against the previous month. Over the period under review, the average export prices attained the maximum at $31,717 per ton in September 2021; however, from October 2021 to November 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($74,928 per ton), while the average price for exports to Vietnam ($15,751 per ton) was amongst the lowest.

From January 2021 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea

Imports of copper; cast, moulded, stamped or forged, but not further worked into South Korea totaled 4.6K tons in 2022, remaining constant against 2021. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 63%. As a result, imports reached the peak of 4.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked amounted to $44M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to South Korea in 2022:

1. China (3899.2 tons)
2. Finland (328.7 tons)
3. Malaysia (231.1 tons)
4. United States (131.9 tons)

Exports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in South Korea

Exports of copper; cast, moulded, stamped or forged, but not further worked from South Korea shrank sharply to 123 tons in 2022, waning by -62.5% compared with the previous year. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -13.9% was in 2020.

In value terms, exports of copper; cast, moulded, stamped or forged, but not further worked contracted sharply to $1.8M in 2022. Overall, exports recorded a sharp descent. The smallest decline of -11.5% was in 2020.

Top Export Markets for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked from South Korea in 2022:

1. Philippines (100.2 tons)
2. Angola (21.9 tons)

Source: IndexBox Market Intelligence Platform