Republic of Korea: Antimony Market 2025

Antimony Market Size in Republic of Korea

The South Korean antimony market contracted rapidly to $X in 2022, waning by -47.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Antimony Exports

Exports from Republic of Korea

In 2022, shipments abroad of antimony increased by 1.3% to X tons, rising for the second year in a row after three years of decline. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 149%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, antimony exports soared to $X in 2022. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 216% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons), the Netherlands (X tons) and China (X tons) were the main destinations of antimony exports from South Korea, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +122.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for antimony exported from South Korea were Japan ($X), the Netherlands ($X) and China ($X), together comprising 89% of total exports.

Among the main countries of destination, Japan, with a CAGR of +93.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average antimony export price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 151% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Japan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Imports

Imports into Republic of Korea

In 2022, the amount of antimony imported into South Korea shrank sharply to X tons, declining by -34.9% compared with 2021 figures. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, antimony imports dropped to $X in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 136% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Vietnam (X tons) and Myanmar (X tons) were the main suppliers of antimony imports to South Korea, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest antimony suppliers to South Korea were China ($X), Vietnam ($X) and Myanmar ($X), together accounting for 98% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average antimony import price stood at $X per ton in 2022, growing by 36% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 72%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Myanmar ($X per ton), while the price for Japan ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform