Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea - 2022
Contents:
- Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (CIF) - 2022
- Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (FOB) - 2022
- Imports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea
- Exports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea
Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (CIF) - 2022
The average import price for granulated slag (slag sand) from the manufacture of iron or steel stood at $20 per ton in 2022, remaining stable against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granulated slag (slag sand) from the manufacture of iron or steel decreased by -8.2% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum at $22 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($20 per ton), while the price for China amounted to $20 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%).
Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (FOB) - 2022
In 2022, the average export price for granulated slag (slag sand) from the manufacture of iron or steel amounted to $18 per ton, rising by 26% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. The export price peaked at $22 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 Singapore ($25 per ton), while the average price for exports to Japan ($7.1 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 India (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea
In 2022, the amount of granulated slag (slag sand) from the manufacture of iron or steel imported into South Korea skyrocketed to 1.2M tons, growing by 415% compared with the year before. Over the period under review, imports enjoyed a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of granulated slag (slag sand) from the manufacture of iron or steel surged to $25M in 2022. In general, imports posted a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 18.0 | 4.2 | 4.7 | 14.0 | -8.0% |
| China | 1.9 | N/A | N/A | 10.5 | 76.8% |
| Malaysia | 1.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.6 | N/A | 0.1 | -20.6% |
| Total | 21.3 | 4.8 | 4.7 | 24.6 | 4.9% |
Top Suppliers of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel to South Korea in 2022:
- Japan (696.0K tons)
- China (525.1K tons)
Exports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea
In 2022, shipments abroad of granulated slag (slag sand) from the manufacture of iron or steel decreased by -67.9% to 383K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of 1.2M tons, and then declined significantly in the following year.
In value terms, exports of granulated slag (slag sand) from the manufacture of iron or steel dropped remarkably to $6.8M in 2022. Over the period under review, exports recorded a precipitous decline. The smallest decline of -2.6% was in 2021.
| Export of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.3 | 7.1 | 6.4 | 2.5 | -37.6% |
| Taiwan (Chinese) | 6.1 | 8.5 | 6.4 | 2.2 | -28.8% |
| India | 2.3 | 0.9 | 1.9 | 1.4 | -15.3% |
| Japan | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| United States | 1.0 | 0.5 | 1.1 | N/A | 4.9% |
| Others | 1.2 | 0.3 | 0.7 | 0.5 | -25.3% |
| Total | 20.9 | 17.3 | 16.8 | 6.8 | -31.2% |
Top Export Markets for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel from South Korea in 2022:
- Taiwan (Chinese) (193.6K tons)
- Singapore (100.0K tons)
- India (56.6K tons)
- Japan (31.8K tons)
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