Price for Aluminium; Tubes and Pipes in South Korea - 2022
Contents:
- Price for Aluminium; Tubes and Pipes in South Korea (FOB) - 2022
- Price for Aluminium; Tubes and Pipes in South Korea (CIF) - 2022
- Exports of Aluminium; Tubes and Pipes in South Korea
- Imports of Aluminium; Tubes and Pipes in South Korea
Price for Aluminium; Tubes and Pipes in South Korea (FOB) - 2022
In December 2022, the average aluminium; tubes and pipes export price amounted to $6,922 per ton, picking up by 3.6% against the previous month. Over the period under review, the export price, however, saw a slight contraction. The pace of growth appeared the most rapid in May 2022 an increase of 7.9% against the previous month. As a result, the export price reached the peak level of $7,930 per ton. From June 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($21,330 per ton), while the average price for exports to Malaysia ($1,263 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 Vietnam (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in South Korea (CIF) - 2022
The average aluminium; tubes and pipes import price stood at $9,964 per ton in 2022, jumping by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($81,265 per ton), while the price for South Africa ($5,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aluminium; Tubes and Pipes in South Korea
In 2022, exports of aluminium; tubes and pipeses from South Korea fell to 8.1K tons, approximately equating 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 3.8% against the previous year. As a result, the exports reached the peak of 8.1K tons, leveling off in the following year.
In value terms, aluminium; tubes and pipes exports expanded modestly to $58M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Aluminium; Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.6 | 10.8 | 12.2 | 16.1 | 23.2% |
| Thailand | 8.6 | 9.9 | 11.8 | 11.0 | 8.6% |
| United States | 8.2 | 7.7 | 8.3 | 10.2 | 7.5% |
| China | 5.4 | 8.3 | 7.6 | 4.7 | -4.5% |
| Philippines | 2.3 | 2.7 | 3.6 | 3.8 | 18.2% |
| Mexico | 1.4 | 0.8 | 0.8 | 2.1 | 14.5% |
| Vietnam | 1.8 | 1.7 | 2.2 | 1.9 | 1.8% |
| Japan | 4.7 | 3.1 | 2.6 | 1.3 | -34.8% |
| Indonesia | 1.0 | 0.5 | 0.8 | 1.0 | 0.0% |
| Czech Republic | 1.4 | 1.0 | 0.7 | 0.8 | -17.0% |
| Saudi Arabia | 1.8 | N/A | N/A | 0.1 | -61.8% |
| Others | 4.5 | 4.1 | 5.7 | 5.4 | 6.3% |
| Total | 49.8 | 50.6 | 56.5 | 58.4 | 5.5% |
Top Export Markets for Aluminium; Tubes and Pipes from South Korea in 2022:
- India (2703.5 tons)
- Thailand (1724.7 tons)
- United States (1017.2 tons)
- Philippines (576.4 tons)
- Mexico (359.9 tons)
- China (237.1 tons)
- Vietnam (179.7 tons)
- Indonesia (178.3 tons)
- Japan (169.3 tons)
- Czech Republic (116.4 tons)
- Saudi Arabia (13.9 tons)
Imports of Aluminium; Tubes and Pipes in South Korea
In 2022, approx. 2.7K tons of aluminium; tubes and pipeses were imported into South Korea; waning by -40.5% on 2021 figures. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, aluminium; tubes and pipes imports shrank dramatically to $27M in 2022. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 3%.
| Import of Aluminium; Tubes and Pipes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 6.6 | 9.6 | 12.3 | 8.2% |
| United States | 5.3 | 10.0 | 5.0 | 6.5 | 7.0% |
| Czech Republic | 2.7 | 1.5 | 1.9 | 1.9 | -11.1% |
| Germany | 1.7 | 2.6 | 3.9 | 1.9 | 3.8% |
| Canada | 0.5 | 1.0 | 0.5 | 1.8 | 53.3% |
| South Africa | 1.2 | 0.6 | 0.9 | 0.9 | -9.1% |
| Vietnam | 8.2 | 8.0 | 8.8 | 0.1 | -77.0% |
| Others | 2.4 | 2.4 | 2.6 | 1.8 | -9.1% |
| Total | 31.7 | 32.7 | 33.4 | 27.4 | -4.7% |
Top Suppliers of Aluminium; Tubes and Pipes to South Korea in 2022:
- China (1821.7 tons)
- Czech Republic (244.4 tons)
- Canada (187.3 tons)
- South Africa (165.5 tons)
- Germany (154.2 tons)
- United States (80.2 tons)
- Vietnam (12.8 tons)
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