Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $3,662 per ton, surging by 34% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 40%. The export price peaked at $6,144 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($4,551 per ton), while the average price for exports to Taiwan (Chinese) ($2,652 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 Vietnam (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1,945 per ton in 2022, falling by -12.2% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 28%. The import price peaked at $4,218 per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($11,489 per ton), while the price for India ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia exported from South Korea surged to 2.2K tons, rising by 370% compared with 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $8M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 4,611 | 0% |
| Japan | 873 | 593 | 650 | 1,276 | 13.5% |
| Vietnam | 1,316 | 204 | 196 | 1,039 | -7.6% |
| India | 4.3 | 2.5 | N/A | 601 | 419.0% |
| Spain | N/A | N/A | N/A | 277 | 0% |
| Taiwan (Chinese) | 90.6 | N/A | 401 | 58.3 | -13.7% |
| Others | 234 | 20.9 | 19.0 | 113 | -21.5% |
| Total | 2,518 | 821 | 1,266 | 7,975 | 46.9% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from South Korea in 2022:
- France (1187.5 tons)
- Japan (448.5 tons)
- Vietnam (300.9 tons)
- India (143.7 tons)
- Spain (60.9 tons)
- Taiwan (Chinese) (22.0 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea
In 2022, overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -6.7% to 694 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports attained the peak of 974 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced rapidly to $1.3M in 2022. Overall, imports continue to indicate a abrupt downturn. The smallest decline of -5.2% was in 2021.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 162 | 285 | 774 | 615 | 56.0% |
| Sweden | 1,594 | 1,056 | 617 | 531 | -30.7% |
| India | 242 | 341 | 135 | 116 | -21.7% |
| Others | 194 | 56.6 | 122 | 88.7 | -23.0% |
| Total | 2,192 | 1,738 | 1,648 | 1,350 | -14.9% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to South Korea in 2022:
- Sweden (513.6 tons)
- India (114.9 tons)
- China (62.2 tons)
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