Republic of Korea - Threaded Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThreaded Metal Articles Price in South Korea - 2022
Contents:
- Threaded Metal Articles Price in South Korea (CIF) - 2022
- Threaded Metal Articles Price in South Korea (FOB) - 2022
- Threaded Metal Articles Imports in South Korea
- Threaded Metal Articles Exports in South Korea
Threaded Metal Articles Price in South Korea (CIF) - 2022
The average threaded metal articles import price stood at $3,740 per ton in December 2022, jumping by 33% against the previous month. In general, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in April 2022 an increase of 77% month-to-month. The import price peaked at $6,040 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($10,121 per ton), while the price for China amounted to $1,699 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-0.0%).
Threaded Metal Articles Price in South Korea (FOB) - 2022
In December 2022, the average threaded metal articles export price amounted to $5,968 per ton, waning by -17.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 14% against the previous month. As a result, the export price reached the peak level of $7,229 per ton, and then declined rapidly in the following month.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Austria ($6,978 per ton), while the average price for exports to the United States ($4,211 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Threaded Metal Articles Imports in South Korea
In 2022, the amount of threaded articles of iron or steel imported into South Korea shrank remarkably to 14K tons, declining by -22.7% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 18K tons, and then plummeted in the following year.
In value terms, threaded metal articles imports dropped notably to $62M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $78M, and then plummeted in the following year.
Import of Threaded Metal Articles in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.2 | 17.8 | 26.0 | 20.7 | 6.4% |
Germany | 3.8 | 2.9 | 4.7 | 3.8 | 0.0% |
Others | 21.8 | 26.1 | 47.0 | 37.8 | 20.1% |
Total | 42.8 | 46.9 | 77.7 | 62.3 | 13.3% |
Top Suppliers of Threaded Metal Articles to South Korea in 2022:
- China (12.7K tons)
- Germany (0.3K tons)
Threaded Metal Articles Exports in South Korea
In 2022, approx. 4.1K tons of threaded articles of iron or steel were exported from South Korea; declining by -10% on the previous year's figure. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of 4.6K tons, and then dropped in the following year.
In value terms, threaded metal articles exports reduced to $24M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $27M, and then shrank in the following year.
Export of Threaded Metal Articles in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 12.8 | 0.4 | 0.2 | 5.4 | -25.0% |
China | 2.2 | 4.9 | 6.0 | 4.0 | 22.1% |
United States | 1.8 | 2.8 | 4.2 | 2.8 | 15.9% |
Mexico | 1.7 | 4.0 | 3.8 | 2.5 | 13.7% |
Vietnam | 0.6 | 1.5 | 2.4 | 1.6 | 38.7% |
Austria | 0.3 | 1.2 | 1.7 | 1.1 | 54.2% |
Japan | 1.2 | 1.5 | 1.3 | 1.1 | -2.9% |
Iraq | 0.1 | N/A | 1.5 | 1.0 | 115.4% |
India | 0.5 | 1.0 | 1.1 | 0.7 | 11.9% |
Others | 2.7 | 3.9 | 5.4 | 4.2 | 15.9% |
Total | 24.0 | 21.2 | 27.5 | 24.4 | 0.6% |
Top Export Markets for Threaded Metal Articles from South Korea in 2022:
- United Arab Emirates (939.6 tons)
- United States (698.7 tons)
- China (595.6 tons)
- Mexico (488.4 tons)
- Vietnam (354.2 tons)
- Japan (210.4 tons)
- Austria (163.3 tons)
- India (91.2 tons)
- Iraq (89.9 tons)
This report provides an in-depth analysis of the threaded metal articles market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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