Republic of Korea: Agglomerated Powder Rod Market 2025

Agglomerated Powder Rod Market Size in Republic of Korea

In 2021, after two years of growth, there was significant decline in the South Korean agglomerated powder rod market, when its value decreased by -36.1% to $X. In general, consumption showed a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Agglomerated Powder Rod Production in Republic of Korea

In value terms, agglomerated powder rod production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 45%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports from Republic of Korea

In 2021, the amount of base metal wire and rods of agglomerated base powder exported from South Korea soared to X tons, picking up by 653% on the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, agglomerated powder rod exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Iran (X tons) and Mexico (X tons) were the main destinations of agglomerated powder rod exports from South Korea, together comprising 51% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +100.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Vietnam ($X) constituted the largest markets for agglomerated powder rod exported from South Korea worldwide, with a combined 52% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +87.8%, recorded the highest growth rate of 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

The average agglomerated powder rod export price stood at $X per ton in 2021, increasing by 4.9% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod export price increased by +77.4% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 48%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into Republic of Korea

In 2021, approx. X tons of base metal wire and rods of agglomerated base powder were imported into South Korea; increasing by 12% compared with the previous year's figure. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 90%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, agglomerated powder rod imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest agglomerated powder rod supplier to South Korea, accounting for a 89% share of total imports. Moreover, agglomerated powder rod imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.2% per year) and Japan (-17.9% per year).

In value terms, China ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to South Korea, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.2% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.8% per year) and France (-1.2% per year).

Import Prices by Country

The average agglomerated powder rod import price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 93%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :