Price for Safety Pins and Other Pins; of Iron or Steel in South Korea - 2022
Contents:
- Price for Safety Pins and Other Pins; of Iron or Steel in South Korea (FOB) - 2022
- Price for Safety Pins and Other Pins; of Iron or Steel in South Korea (CIF) - 2022
- Exports of Safety Pins and Other Pins; of Iron or Steel in South Korea
- Imports of Safety Pins and Other Pins; of Iron or Steel in South Korea
Price for Safety Pins and Other Pins; of Iron or Steel in South Korea (FOB) - 2022
The average export price for safety pins and other pins; of iron or steels stood at $16,019 per ton in 2022, surging by 8.2% against the previous year. Over the period under review, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $18,915 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($76,825 per ton), while the average price for exports to Japan ($4,992 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 Uzbekistan (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Safety Pins and Other Pins; of Iron or Steel in South Korea (CIF) - 2022
In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $3,991 per ton, reducing by -20.9% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. Over the period under review, average import prices reached the peak figure at $8,557 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 ($24,999 per ton), while the price for China amounted to $896 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-10.6%).
Exports of Safety Pins and Other Pins; of Iron or Steel in South Korea
Exports of safety pins and other pins; of iron or steels from South Korea dropped to 664 tons in 2022, approximately reflecting the year before. Overall, exports showed a deep setback.
In value terms, exports of safety pins and other pins; of iron or steels rose sharply to $11M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Safety Pins and Other Pins; of Iron or Steel in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.3 | 2.1 | 2.1 | 2.0 | -4.6% |
| Vietnam | 2.2 | 2.1 | 1.1 | 2.0 | -3.1% |
| United States | 1.1 | 1.5 | 1.2 | 1.8 | 17.8% |
| Singapore | 0.4 | 0.8 | 1.1 | 1.4 | 51.8% |
| China | 2.0 | 2.3 | 1.7 | 1.4 | -11.2% |
| Indonesia | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Thailand | 0.3 | 0.7 | 1.2 | 0.5 | 18.6% |
| Others | 1.1 | 1.2 | 1.2 | 1.2 | 2.9% |
| Total | 9.5 | 10.9 | 9.9 | 10.6 | 3.7% |
Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from South Korea in 2022:
- Japan (395.1 tons)
- Vietnam (66.1 tons)
- United States (54.6 tons)
- Indonesia (47.7 tons)
- China (35.5 tons)
- Singapore (32.0 tons)
- Thailand (3.8 tons)
Imports of Safety Pins and Other Pins; of Iron or Steel in South Korea
In 2022, the amount of safety pins and other pins; of iron or steels imported into South Korea soared to 387 tons, growing by 37% compared with the previous year. Overall, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 38%.
In value terms, imports of safety pins and other pins; of iron or steels rose sharply to $1.5M in 2022. Over the period under review, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
| Import of Safety Pins and Other Pins; of Iron or Steel in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 580 | 515 | 631 | 489 | -5.5% |
| Japan | 525 | 281 | 284 | 451 | -4.9% |
| China | 226 | 138 | 261 | 317 | 11.9% |
| Others | 348 | 170 | 245 | 287 | -6.2% |
| Total | 1,680 | 1,105 | 1,422 | 1,543 | -2.8% |
Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to South Korea in 2022:
- China (353.2 tons)
- Japan (18.1 tons)
- United States (3.5 tons)
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