Price for Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea - 2022
Contents:
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (FOB) - 2022
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (CIF) - 2022
- Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea
- Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (FOB) - 2022
The average export price for tubing; flexible, with or without fittings, of base metals stood at $13,380 per ton in 2022, increasing by 6.6% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubing; flexible, with or without fittings, of base metals increased by +56.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 18%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($24,924 per ton), while the average price for exports to Israel ($4,670 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 Taiwan (Chinese) (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (CIF) - 2022
The average import price for tubing; flexible, with or without fittings, of base metals stood at $16,381 per ton in 2022, growing by 2% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubing; flexible, with or without fittings, of base metals increased by +17.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42%. As a result, import price reached the peak level of $23,068 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($156,542 per ton), while the price for China ($9,369 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea
In 2022, exports of tubing; flexible, with or without fittings, of base metals from South Korea dropped to 6.8K tons, which is down by -3.8% on 2021 figures. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 1.3% against the previous year.
In value terms, exports of tubing; flexible, with or without fittings, of base metals stood at $91M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 6.3%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.5 | 22.3 | 26.4 | 26.4 | 2.5% |
| China | 6.6 | 11.4 | 16.7 | 13.1 | 25.7% |
| Japan | 6.8 | 10.4 | 11.0 | 12.3 | 21.8% |
| Taiwan (Chinese) | 5.3 | 6.0 | 5.7 | 6.6 | 7.6% |
| India | 9.5 | 6.0 | 5.3 | 5.4 | -17.2% |
| Vietnam | 5.8 | 3.7 | 3.0 | 3.5 | -15.5% |
| Australia | 5.1 | 3.6 | 2.0 | 2.4 | -22.2% |
| Mexico | 0.1 | N/A | 0.1 | 2.3 | 184.4% |
| Germany | 0.7 | 1.9 | 1.9 | 2.1 | 44.2% |
| Russia | 3.9 | 2.9 | 1.3 | 1.2 | -32.5% |
| Indonesia | 3.4 | 1.1 | 1.8 | 1.0 | -33.5% |
| Belgium | 1.1 | 0.5 | 0.8 | 0.9 | -6.5% |
| Israel | 1.2 | 1.3 | 0.7 | 0.8 | -12.6% |
| Others | 16.8 | 12.6 | 12.5 | 13.2 | -7.7% |
| Total | 90.6 | 83.7 | 89.0 | 91.2 | 0.2% |
Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from South Korea in 2022:
- United States (1399.2 tons)
- Japan (857.0 tons)
- India (826.8 tons)
- China (685.6 tons)
- Vietnam (371.0 tons)
- Australia (305.6 tons)
- Taiwan (Chinese) (266.0 tons)
- Germany (231.2 tons)
- Israel (178.8 tons)
- Mexico (163.5 tons)
- Russia (159.6 tons)
- Belgium (139.4 tons)
- Indonesia (94.0 tons)
Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea
In 2022, the amount of tubing; flexible, with or without fittings, of base metals imported into South Korea declined modestly to 3.9K tons, with a decrease of -3.5% against 2021 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of 4.1K tons, and then contracted modestly in the following year.
In value terms, imports of tubing; flexible, with or without fittings, of base metals declined slightly to $65M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $66M, and then shrank in the following year.
| Import of Tubing; Flexible, with or Without Fittings, of Base Metal in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.5 | 24.8 | 29.1 | 30.5 | 16.1% |
| Vietnam | 8.0 | 6.5 | 8.6 | 7.6 | -1.7% |
| United States | 9.1 | 6.0 | 10.3 | 7.3 | -7.1% |
| Japan | 3.0 | 4.7 | 4.4 | 6.4 | 28.7% |
| Germany | 3.1 | 2.9 | 3.7 | 4.1 | 9.8% |
| Others | 6.8 | 8.9 | 9.5 | 8.7 | 8.6% |
| Total | 49.5 | 53.8 | 65.6 | 64.6 | 9.3% |
Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to South Korea in 2022:
- China (3253.7 tons)
- Vietnam (217.3 tons)
- United States (106.5 tons)
- Germany (84.9 tons)
- Japan (74.1 tons)
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