Price for Zinc; Powders and Flakes in South Korea - 2022

Contents:

1. Price for Zinc; Powders and Flakes in South Korea (FOB) - 2022
2. Price for Zinc; Powders and Flakes in South Korea (CIF) - 2022
3. Exports of Zinc; Powders and Flakes in South Korea
4. Imports of Zinc; Powders and Flakes in South Korea

Price for Zinc; Powders and Flakes in South Korea (FOB) - 2022

In 2022, the average zinc; powders and flakes export price amounted to $2,947 per ton, with a decrease of -9.8% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; powders and flakes export price increased by +10.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. As a result, the export price reached the peak level of $3,842 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($3,125 per ton), while the average price for exports to Japan ($1,680 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 China (+2.4%), while the prices for the other major destinations experienced a decline.

Price for Zinc; Powders and Flakes in South Korea (CIF) - 2022

The average zinc; powders and flakes import price stood at $2,392 per ton in 2022, shrinking by -21.6% against the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, import price reached the peak level of $3,051 per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($7,589 per ton), while the price for Indonesia ($416 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Zinc; Powders and Flakes in South Korea

In 2022, after three years of growth, there was decline in shipments abroad of zinc; powders and flakeses, when their volume decreased by -1.1% to 702 tons. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 4.4%. As a result, the exports reached the peak of 710 tons, and then contracted slightly in the following year.

In value terms, zinc; powders and flakes exports fell to $2.1M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports reached the peak of $2.3M, and then declined in the following year.

Top Export Markets for Zinc; Powders and Flakes from South Korea in 2022:

1. Taiwan (Chinese) (547.0 tons)
2. China (96.5 tons)
3. Belgium (34.0 tons)
4. Japan (8.3 tons)

Imports of Zinc; Powders and Flakes in South Korea

In 2022, overseas purchases of zinc; powders and flakeses increased by 19% to 2.7K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn.

In value terms, zinc; powders and flakes imports declined to $6.6M in 2022. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 16%.

Top Suppliers of Zinc; Powders and Flakes to South Korea in 2022:

1. Vietnam (1585.2 tons)
2. Pakistan (323.2 tons)
3. Germany (263.0 tons)
4. Switzerland (120.3 tons)
5. Malaysia (102.2 tons)
6. United States (74.3 tons)
7. Thailand (56.9 tons)
8. Taiwan (Chinese) (55.3 tons)
9. Japan (29.8 tons)

Source: IndexBox Market Intelligence Platform