Republic of Korea: Market for Antimony Ores and Concentrates 2025

Market Size for Antimony Ores and Concentrates in Republic of Korea

The South Korean antimony ore and concentrate market dropped dramatically to $X in 2021, declining by -58% 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, however, posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced dramatically in the following year.

Exports of Antimony Ores and Concentrates

Exports from Republic of Korea

In 2021, exports of antimony ores and concentrates from South Korea fell to X tons, with a decrease of -6% on the previous year. In general, exports, however, saw significant growth. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate exports fell to $X in 2021. Over the period under review, exports, however, posted significant growth. The smallest decline of -5% was in 2020. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for antimony ore and concentrate exports from South Korea, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest.

In value terms, Australia ($X) emerged as the key foreign market for antimony ores and concentrates exports from South Korea.

From 2015 to 2021, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

The average antimony ore and concentrate export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2016 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2015 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +1.1% per year.

Imports of Antimony Ores and Concentrates

Imports into Republic of Korea

In 2021, the amount of antimony ores and concentrates imported into South Korea declined significantly to X tons, with a decrease of -60.4% against the year before. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 503% against the previous year. Imports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, antimony ore and concentrate imports reduced dramatically to $X in 2021. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 270% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of antimony ore and concentrate to South Korea, with a 53% share of total imports. Moreover, antimony ore and concentrate imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.6% per year) and Australia (-2.8% per year).

In value terms, India ($X) constituted the largest supplier of antimony ores and concentrates to South Korea, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.5% per year) and Australia (-6.5% per year).

Import Prices by Country

The average antimony ore and concentrate import price stood at $X per ton in 2021, picking up by 44% against the previous year. In general, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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