Price for Copper Oxides and Hydroxides in South Korea - 2022
Contents:
- Price for Copper Oxides and Hydroxides in South Korea (CIF) - 2022
- Price for Copper Oxides and Hydroxides in South Korea (FOB) - 2022
- Imports of Copper Oxides and Hydroxides in South Korea
- Exports of Copper Oxides and Hydroxides in South Korea
Price for Copper Oxides and Hydroxides in South Korea (CIF) - 2022
In 2022, the average copper oxides and hydroxides import price amounted to $9,725 per ton, with an increase of 7.6% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides import price increased by +50.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($10,598 per ton) and Taiwan (Chinese) ($10,179 per ton), while the price for Vietnam ($9,160 per ton) and Germany ($9,179 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Oxides and Hydroxides in South Korea (FOB) - 2022
The average copper oxides and hydroxides export price stood at $10,553 per ton in 2022, picking up by 16% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper oxides and hydroxides export price increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 30%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($88,316 per ton), while the average price for exports to Belgium ($9,098 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) (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Oxides and Hydroxides in South Korea
In 2022, copper oxides and hydroxides imports into South Korea totaled 6.1K tons, rising by 9.1% compared with the previous year's figure. Over the period under review, imports, however, showed a slight contraction.
In value terms, copper oxides and hydroxides imports surged to $59M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Copper Oxides and Hydroxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.2 | 17.6 | 25.3 | 26.2 | 15.1% |
| Norway | 14.4 | 13.7 | 9.6 | 13.3 | -2.6% |
| Vietnam | 1.9 | 1.1 | 4.5 | 8.1 | 62.1% |
| Taiwan (Chinese) | 5.9 | 0.9 | 0.2 | 7.4 | 7.8% |
| Japan | 0.8 | 6.4 | 10.3 | 3.5 | 63.6% |
| Germany | 1.2 | 1.0 | 0.6 | 0.6 | -20.6% |
| Others | 1.6 | 0.4 | 0.3 | 0.3 | -42.8% |
| Total | 42.8 | 41.2 | 50.6 | 59.4 | 11.5% |
Top Suppliers of Copper Oxides and Hydroxides to South Korea in 2022:
- United States (2698.5 tons)
- Norway (1382.8 tons)
- Vietnam (880.0 tons)
- Taiwan (Chinese) (725.7 tons)
- Japan (334.3 tons)
- Germany (60.1 tons)
Exports of Copper Oxides and Hydroxides in South Korea
In 2022, shipments abroad of copper oxides and hydroxideses decreased by -26.6% to 643 tons, falling for the second consecutive year after two years of growth. In general, exports saw a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 5.1%. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, copper oxides and hydroxides exports shrank rapidly to $6.8M in 2022. Over the period under review, exports recorded a deep slump. The smallest decline of -6.2% was in 2020.
| Export of Copper Oxides and Hydroxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.8 | 6.1 | 5.4 | 4.7 | -6.8% |
| China | 2.6 | 1.9 | 0.1 | 1.0 | -27.3% |
| Thailand | 0.2 | 0.4 | 0.5 | 0.4 | 26.0% |
| Bangladesh | N/A | 0.3 | 0.2 | 0.2 | -18.4% |
| Japan | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Turkey | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Belgium | 0.1 | 0.3 | 0.9 | 0.1 | 0.0% |
| Philippines | 2.1 | 0.9 | N/A | N/A | -57.1% |
| Australia | 0.3 | 0.3 | 0.4 | N/A | 15.5% |
| Others | 0.5 | 0.5 | 0.2 | 0.1 | -41.5% |
| Total | 11.6 | 10.9 | 8.0 | 6.8 | -16.3% |
Top Export Markets for Copper Oxides and Hydroxides from South Korea in 2022:
- Philippines (undefined tons)
- Vietnam (431.8 tons)
- China (99.2 tons)
- Thailand (40.0 tons)
- Bangladesh (22.0 tons)
- Japan (20.0 tons)
- Turkey (10.0 tons)
- Belgium (10.0 tons)
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