Republic of Korea: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2024

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Republic of Korea

The South Korean chloride oxides of metal market skyrocketed to $X in 2021, rising by 25% 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). In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.9% against 2017 indices. Chloride oxides of metal consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Republic of Korea

In 2021, approx. X tons of chloride oxides and chloride hydroxides of copper and other metals were exported from South Korea; dropping by -72.1% compared with 2020. Overall, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2017 with an increase of 347% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, chloride oxides of metal exports fell remarkably to $X in 2021. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of 146%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for chloride oxides of metal exports from South Korea, accounting for a 47% share of total exports. Moreover, chloride oxides of metal exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Honduras (X kg), threefold. The third position in this ranking was held by Vietnam (X kg), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at -43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+0.5% per year) and Vietnam (-22.7% per year).

In value terms, Taiwan (Chinese) ($X), Honduras ($X) and Thailand ($X) appeared to be the largest markets for chloride oxides of metal exported from South Korea worldwide, together comprising 57% of total exports.

Thailand, with a CAGR of +35.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chloride oxides of metal export price stood at $X per ton in 2021, growing by 10% against the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2018 an increase of 216% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Qatar ($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 Taiwan (Chinese) (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Republic of Korea

In 2021, approx. X tons of chloride oxides and chloride hydroxides of copper and other metals were imported into South Korea; picking up by 20% on 2020. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 65%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, chloride oxides of metal imports soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 +88.7% against 2013 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Japan (X tons) and India (X tons) were the main suppliers of chloride oxides of metal imports to South Korea, with a combined 82% share of total imports. The United States, Italy and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to South Korea, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and the United States (+10.0% per year).

Import Prices by Country

In 2021, the average chloride oxides of metal import price amounted to $X per ton, growing by 3.6% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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