Republic of Korea: Market for None 2020

Exports of None

Exports from Republic of Korea

In 2018, approx. X tons of cyanides, cyanide oxides and complex cyanideses were exported from South Korea; going down by -X% against the previous year. Over the period under review, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports of cyanides, cyanide oxides and complex cyanideses increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses amounted to $X in 2018. In general, the total exports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports of cyanides, cyanide oxides and complex cyanideses increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, exports of cyanides, cyanide oxides and complex cyanideses reached their peak figure at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of cyanides, cyanide oxides and complex cyanideses from South Korea, accounting for a X% share of total exports. Moreover, exports of cyanides, cyanide oxides and complex cyanideses to Russia exceeded the volume sent to the second major destination, Burkina Faso (X tons), twofold. The third position in this ranking was occupied by Mali (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+X% per year) and Mali (+X% per year).

In value terms, Russia ($X) remains the key foreign market for cyanides, cyanide oxides and complex cyanides exports from South Korea, comprising X% of total exports of cyanides, cyanide oxides and complex cyanideses. The second position in the ranking was occupied by Burkina Faso ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+X% per year) and Mali (+X% per year).

Export Prices by Country

The average export price for cyanides, cyanide oxides and complex cyanideses stood at $X per ton in 2018, growing by X% against the previous year. In general, the export price for cyanides, cyanide oxides and complex cyanideses continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for cyanides, cyanide oxides and complex cyanideses reached their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of None

Imports into Republic of Korea

Imports of cyanides, cyanide oxides and complex cyanideses into South Korea totaled X tons in 2018, declining by -X% against the previous year. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, imports of cyanides, cyanide oxides and complex cyanideses reached their peak of X tons. From 2011 to 2018, the growth of imports of cyanides, cyanide oxides and complex cyanideses remained at a somewhat lower figure.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses stood at $X in 2018. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports of cyanides, cyanide oxides and complex cyanideses reached their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to South Korea, with a X% share of total imports. Moreover, imports of cyanides, cyanide oxides and complex cyanideses from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was occupied by the Czech Republic (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and the Czech Republic (+X% per year).

In value terms, China ($X) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to South Korea, comprising X% of total imports of cyanides, cyanide oxides and complex cyanideses. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2018, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2018, the average import price for cyanides, cyanide oxides and complex cyanideses amounted to $X per ton, picking up by X% against the previous year. In general, the import price indicated a remarkable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for cyanides, cyanide oxides and complex cyanideses increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for cyanides, cyanide oxides and complex cyanideses attained their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :