Republic of Korea: Boron And Tellurium Market 2021

Boron And Tellurium Market Size in Republic of Korea

The South Korean boron and tellurium market expanded markedly to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Boron And Tellurium Production in Republic of Korea

In value terms, boron and tellurium production contracted slightly to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Boron and tellurium production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Boron And Tellurium Exports

Exports from Republic of Korea

In 2020, approx. X tons of boron and tellurium were exported from South Korea; dropping by -X% against 2019 figures. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, boron and tellurium exports plummeted to $X in 2020. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Thailand (X tons) and Canada (X tons) were the main destinations of boron and tellurium exports from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boron and tellurium exported from South Korea were China ($X), Thailand ($X) and Canada ($X), together comprising X% of total exports.

China saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average boron and tellurium export price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Canada ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Boron And Tellurium Imports

Imports into Republic of Korea

In 2020, imports of boron and tellurium into South Korea amounted to X tons, with an increase of X% against the previous year. Over the period under review, imports posted a modest increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, boron and tellurium imports dropped markedly to $X in 2020. Overall, imports showed a measured expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of boron and tellurium to South Korea, accounting for a X% share of total imports. Moreover, boron and tellurium imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), twofold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Japan (-X% per year).

In value terms, Japan ($X) constituted the largest supplier of boron and tellurium to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average boron and tellurium import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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