Price for Ivory and Articles Thereof; Worked in South Korea - 2022

Contents:

  1. Price for Ivory and Articles Thereof; Worked in South Korea (CIF) - 2022
  2. Price for Ivory and Articles Thereof; Worked in South Korea (FOB) - 2022
  3. Imports of Ivory and Articles Thereof; Worked in South Korea
  4. Exports of Ivory and Articles Thereof; Worked in South Korea

Price for Ivory and Articles Thereof; Worked in South Korea (CIF) - 2022

The average import price for ivory and articles thereof; worked stood at $131,149 per ton in 2022, falling by -8.3% against the previous year. Overall, the import price, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 82%. The import price peaked at $154,416 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,312,880 per ton), while the price for China ($8,240 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 (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ivory and Articles Thereof; Worked in South Korea (FOB) - 2022

The average export price for ivory and articles thereof; worked stood at $7,771 per ton in 2022, falling by -26% against the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $67,746 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($28,660 per ton), while the average price for exports to Indonesia ($1,274 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 Qatar (+814.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ivory and Articles Thereof; Worked in South Korea

Ivory and articles thereof; worked imports into South Korea declined notably to 18 kg in 2022, shrinking by -40% against the year before. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,400%.

In value terms, ivory and articles thereof; worked imports shrank rapidly to $2.3K in 2022. Over the period under review, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 1,362%.

Import of Ivory and Articles Thereof; Worked in South Korea (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3,1352223,3011,765-17.4%
Vietnam42819.0311179-25.2%
Fiji44318.0253129-33.7%
Thailand2375.0N/A39.0-45.2%
Philippines1585.063.027.0-44.5%
China24.0N/A11.06.0-37.0%
Others2,27226.0375159-58.8%
Total6,6972954,3142,304-29.9%

Top Suppliers of Ivory and Articles Thereof; Worked to South Korea in 2022:

  1. Fiji (10.0 kg)
  2. Vietnam (4.0 kg)
  3. Philippines (1.0 kg)
  4. United States (1.0 kg)
  5. China (1.0 kg)
  6. Thailand (1.0 kg)

Exports of Ivory and Articles Thereof; Worked in South Korea

In 2022, ivory and articles thereof; worked exports from South Korea surged to 2.3 tons, growing by 94% against 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 947%. As a result, the exports attained the peak of 3.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ivory and articles thereof; worked exports surged to $18K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 600%. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Ivory and Articles Thereof; Worked in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR2.111.19.88.861.2%
Philippines0.79.4N/A5.598.8%
Indonesia0.21.21.11.071.0%
India0.10.50.60.791.3%
Japan0.10.50.40.458.7%
Others0.10.50.51.3135.1%
Total3.323.212.417.875.4%

Top Export Markets for Ivory and Articles Thereof; Worked from South Korea in 2022:

  1. Philippines (871.0 kg)
  2. Indonesia (808.0 kg)
  3. Hong Kong SAR (306.0 kg)
  4. India (204.0 kg)
  5. Japan (70.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Ivory and articles thereof; worked - South Korea