Report Update Nov 1, 2024

Republic of Korea - Ferro-Cerium and Pyrophoric Alloys - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Republic of Korea

After two years of growth, the South Korean ferro-cerium and pyrophoric alloys market decreased by -13.6% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Republic of Korea

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Republic of Korea

In 2021, ferro-cerium and pyrophoric alloys exports from South Korea dropped modestly to X tons, reducing by -4.2% compared with the year before. Overall, exports faced a sharp setback. The pace of growth was the most pronounced in 2018 when exports increased by 10%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports shrank modestly to $X in 2021. Over the period under review, exports saw a significant curtailment. The smallest decline of -2.1% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Japan (X tons) and Nigeria (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from South Korea, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +82.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), China ($X) and Nigeria ($X) were the largest markets for ferro-cerium and pyrophoric alloys exported from South Korea worldwide, together comprising 98% of total exports.

Nigeria, with a CAGR of +167.5%, 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

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, rising by 2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to China ($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 Mongolia (+91.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Republic of Korea

After three years of growth, purchases abroad of ferro-cerium and pyrophoric alloys decreased by -27% to X tons in 2021. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 272% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports reduced sharply to $X in 2021. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 118%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and Japan (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to South Korea.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +39.4%).

In value terms, China ($X) and Japan ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to South Korea.

Among the main suppliers, Japan, with a CAGR of +35.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, growing by 6% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 362%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ferro-cerium and pyrophoric alloys in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global consumption. These countries were followed by Brazil, Russia, Indonesia, Pakistan, Turkey, Iran, Germany, the UK, Egypt and the Philippines, which together accounted for a further 27%.

What are the largest producers of ferro-cerium and pyrophoric alloys in the world?

China remains the largest ferro-cerium and pyrophoric alloys producing country worldwide, accounting for 22% of total volume. Moreover, ferro-cerium and pyrophoric alloys production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.9% share.

What are the leading suppliers of ferro-cerium and pyrophoric alloys to Republic of Korea?

In value terms, China, Japan and the United Arab Emirates constituted the largest ferro-cerium and pyrophoric alloys suppliers to South Korea, with a combined 84% share of total imports.

What are the leading importers of ferro-cerium and pyrophoric alloys from Republic of Korea?

In value terms, Hong Kong SAR emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from South Korea, comprising 59% of total exports. The second position in the ranking was occupied by the Philippines, with an 8.9% share of total exports. It was followed by Japan, with an 8% share.

What is the average export price for ferro-cerium and pyrophoric alloys in Republic of Korea?

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $2,033 per ton, which is down by -31.3% against the previous year.

What is the average import price for ferro-cerium and pyrophoric alloys in Republic of Korea?

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $2,835 per ton, shrinking by -5.6% against the previous year.

This report provides an in-depth analysis of the market for ferro-cerium and pyrophoric alloys in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32994210 - Ferro-cerium, pyrophoric alloys, articles of combustible materials, n.e.c.

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023