Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea - 2022

Contents:

1. Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea (FOB) - 2022
2. Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea (CIF) - 2022
3. Exports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea
4. Imports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea

Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea (FOB) - 2022

The average export price for metals; iridium, osmium, ruthenium, semi-manufactureds stood at $26,901,500 per ton in 2022, shrinking by -56.4% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 1,395%. The export price peaked at $61,750,424 per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($31,777,600 per ton), while the average price for exports to India ($1,495,000 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 the UK (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea (CIF) - 2022

In 2022, the average import price for metals; iridium, osmium, ruthenium, semi-manufactureds amounted to $2,452,330 per ton, which is down by -80.9% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 64% against the previous year. The import price peaked at $12,830,064 per ton in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($21,694,235 per ton), while the price for South Africa ($1,497,680 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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea

In 2022, overseas shipments of metals; iridium, osmium, ruthenium, semi-manufactureds decreased by -63.6% to 12 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 49% against the previous year. As a result, the exports reached the peak of 73 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metals; iridium, osmium, ruthenium, semi-manufactured exports declined significantly to $323K in 2022. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 354% against the previous year. As a result, the exports attained the peak of $2M, and then dropped significantly in the following year.

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured from South Korea in 2022:

1. Japan (10.0 kg)
2. New Zealand (1.0 kg)
3. India (1.0 kg)

Imports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in South Korea

In 2022, approx. 1.7 tons of metals; iridium, osmium, ruthenium, semi-manufactureds were imported into South Korea; surging by 1,727% on the year before. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; iridium, osmium, ruthenium, semi-manufactured imports surged to $4.2M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured to South Korea in 2022:

1. South Africa (1595.0 kg)
2. United Kingdom (58.0 kg)
3. Japan (34.0 kg)

Source: IndexBox Market Intelligence Platform