Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (CIF) - 2022
In December 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $881 per ton, dropping by -1.8% against the previous month. In general, the import price recorded a slight reduction. The pace of growth appeared the most rapid in April 2022 an increase of 3.4% m-o-m. Over the period under review, average import prices hit record highs at $1,082 per ton in January 2022; however, from February 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($997 per ton), while the price for China totaled $854 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.2%).
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (FOB) - 2022
In December 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,871 per ton, which is down by -5.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 14% month-to-month. As a result, the export price reached the peak level of $1,975 per ton, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($3,040 per ton), while the average price for exports to Saudi Arabia ($862 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea
In 2022, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 80K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 4.7%. As a result, imports reached the peak of 107K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs stood at $82M in 2022. Overall, imports recorded a modest expansion. The smallest decline of -1.9% was in 2020. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.5 | 66.9 | N/A | 63.9 | -1.8% |
| Vietnam | 9.0 | 9.4 | N/A | 16.2 | 21.6% |
| Others | 1.7 | 0.4 | N/A | 1.5 | -4.1% |
| Total | 78.2 | 76.7 | N/A | 81.6 | 1.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to South Korea in 2022:
- China (64.0K tons)
- Vietnam (15.4K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea
In 2022, approx. 27K tons of iron or non-alloy steel wire, plated or coated with zincs were exported from South Korea; leveling off at 2021 figures. Over the period under review, exports recorded a deep setback. The smallest decline of -13.2% was in 2020.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs amounted to $47M in 2022. In general, exports recorded a relatively flat trend pattern. The smallest decline of -16% was in 2020.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 24.0 | 20.1 | N/A | 18.0 | -9.1% |
| Vietnam | 5.1 | 3.5 | N/A | 9.0 | 20.8% |
| Thailand | 3.7 | 2.8 | N/A | 3.9 | 1.8% |
| China | 3.2 | 2.6 | N/A | 2.7 | -5.5% |
| Indonesia | 0.1 | N/A | N/A | 2.0 | 171.4% |
| Mexico | 1.5 | 1.1 | N/A | 1.8 | 6.3% |
| United States | 0.8 | 0.9 | N/A | 1.6 | 26.0% |
| Brazil | 3.2 | 1.8 | N/A | 1.4 | -24.1% |
| Canada | 1.9 | 2.6 | N/A | 1.1 | -16.7% |
| Italy | 0.5 | 0.7 | N/A | 1.0 | 26.0% |
| New Zealand | 0.7 | 0.7 | N/A | 1.0 | 12.6% |
| Australia | 1.1 | 0.9 | N/A | 0.6 | -18.3% |
| Others | 2.9 | 2.9 | N/A | 3.2 | 3.3% |
| Total | 48.5 | 40.7 | N/A | 47.4 | -0.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from South Korea in 2022:
- Japan (12.8K tons)
- Vietnam (4.8K tons)
- Thailand (1.5K tons)
- Indonesia (1.4K tons)
- China (1.2K tons)
- Italy (0.6K tons)
- Mexico (0.6K tons)
- New Zealand (0.6K tons)
- Canada (0.5K tons)
- United States (0.5K tons)
- Brazil (0.3K tons)
- Australia (0.3K tons)
419
This report provides an in-depth analysis of the market for iron and steel wire in Republic of Korea.
321
This report provides an in-depth analysis of the market for iron and steel wire in Republic of Korea.
1978
This report provides an in-depth analysis of the global market for iron and steel wire.
601
This report provides an in-depth analysis of the global market for iron and steel wire.
419
This report provides an in-depth analysis of the market for iron and steel wire in Republic of Korea.
321
This report provides an in-depth analysis of the market for iron and steel wire in Republic of Korea.
1978
This report provides an in-depth analysis of the global market for iron and steel wire.
601
This report provides an in-depth analysis of the global market for iron and steel wire.
865
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1530
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1066
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1257
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
694
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
957
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3568
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
778
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
295
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
262
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
