Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea - 2022
Contents:
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (FOB) - 2022
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (CIF) - 2022
- Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea
- Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (FOB) - 2022
The average export price for tubes, pipes and hollow profiles, of cast iron stood at $2,218 per ton in 2022, increasing by 43% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 54%. The export price peaked at $3,246 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 China ($8,648 per ton), while the average price for exports to Pakistan ($710 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 Bangladesh (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (CIF) - 2022
In December 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $989 per ton, with a decrease of -22.9% against the previous month. Overall, the import price showed a pronounced decline. The growth pace was the most rapid in October 2022 when the average import price increased by 1,343% month-to-month. As a result, import price attained the peak level of $16,838 per ton. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -1.3% per month.
Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea
In 2022, approx. 2.2K tons of tubes, pipes and hollow profiles, of cast iron were exported from South Korea; rising by 36% on the year before. Overall, exports, however, recorded a abrupt slump.
In value terms, exports of tubes, pipes and hollow profiles, of cast iron soared to $4.8M in 2022. Over the period under review, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 38%.
| Export of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 382 | 261 | 560 | 1,544 | 59.3% |
| United Arab Emirates | 103 | 7.9 | 214 | 515 | 71.0% |
| Bangladesh | 68.3 | 652 | 979 | 466 | 89.7% |
| Singapore | 47.3 | 60.6 | 36.5 | 357 | 96.2% |
| Jordan | 578 | 3.7 | 87.0 | 286 | -20.9% |
| Algeria | 36.1 | 71.9 | 226 | 284 | 98.9% |
| Indonesia | 209 | 193 | 140 | 250 | 6.2% |
| Vietnam | 61.3 | 21.1 | 371 | 185 | 44.5% |
| China | 2,178 | 23.5 | 0.9 | 158 | -58.3% |
| United States | 191 | 52.4 | 71.0 | 106 | -17.8% |
| Fiji | 33.0 | 25.7 | 9.1 | 32.9 | -0.1% |
| Pakistan | 116 | 90.4 | 29.9 | 18.6 | -45.7% |
| Japan | 920 | 690 | 205 | 15.6 | -74.3% |
| Others | 3,083 | 428 | 630 | 585 | -42.5% |
| Total | 8,005 | 2,579 | 3,559 | 4,803 | -15.7% |
Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from South Korea in 2022:
- Russia (1172.5 tons)
- United Arab Emirates (247.4 tons)
- Algeria (135.3 tons)
- Jordan (115.7 tons)
- Indonesia (102.0 tons)
- Singapore (64.4 tons)
- Bangladesh (55.7 tons)
- Vietnam (52.2 tons)
- United States (48.2 tons)
- Fiji (40.4 tons)
- Pakistan (26.2 tons)
- China (18.3 tons)
- Japan (4.6 tons)
Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea
In 2022, overseas purchases of tubes, pipes and hollow profiles, of cast iron decreased by -32.3% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 when imports increased by 34% against the previous year. As a result, imports reached the peak of 5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tubes, pipes and hollow profiles, of cast iron reduced notably to $2M in 2022. Over the period under review, imports continue to indicate a sharp descent. The smallest decline of -4.8% was in 2020.
| Import of Tubes, Pipes and Hollow Profiles, of Cast Iron in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 4.8 | 2.1 | 1.6 | -20.6% |
| Others | 2.7 | 0.8 | 0.5 | 0.4 | -47.1% |
| Total | 5.9 | 5.6 | 2.5 | 2.0 | -30.3% |
Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to South Korea in 2022:
- China (1348.5 tons)
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