Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Korea - 2022

Contents:

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

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Korea (CIF) - 2022

In 2022, the average import price for metals; iridium, osmium, ruthenium, unwrought or in powder forms amounted to $20,916,046 per ton, with an increase of 28% against the previous year. Overall, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 60% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 the UK ($25,106,947 per ton), while the price for the United States ($3,042,319 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Korea (FOB) - 2022

In 2022, the average export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms amounted to $2,073,589 per ton, which is down by -19.6% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,774,322 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($12,943,802 per ton), while the average price for exports to the UK ($991,239 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 Singapore (+63.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Korea

In 2022, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms into South Korea amounted to 586 kg, surging by 2.1% compared with the year before. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.6% against the previous year. As a result, imports reached the peak of 606 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms surged to $12M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 69%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form to South Korea in 2022:

1. South Africa (241.0 kg)
2. United Kingdom (228.0 kg)
3. United States (72.0 kg)
4. Germany (43.0 kg)

Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Korea

Exports of metals; iridium, osmium, ruthenium, unwrought or in powder forms from South Korea soared to 2.6 tons in 2022, increasing by 110% compared with the year before. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 369%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of metals; iridium, osmium, ruthenium, unwrought or in powder forms soared to $5.4M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 223% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form from South Korea in 2022:

1. Singapore (1020.0 kg)
2. China (608.0 kg)
3. Israel (474.0 kg)
4. United Kingdom (259.0 kg)
5. Japan (131.0 kg)
6. Germany (93.0 kg)

Source: IndexBox Market Intelligence Platform