Republic of Korea: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in Republic of Korea

In 2021, the South Korean hot-dipped metal-coated sheet market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Republic of Korea

In value terms, hot-dipped metal-coated sheet production expanded remarkably to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Republic of Korea

In 2021, after two years of decline, there was growth in shipments abroad of hot-dipped metal-coated sheet, when their volume increased by 4.9% to X tons. The total export volume increased at an average annual rate of +1.9% 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 2014 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Japan (X tons), China (X tons) and Mexico (X tons) were the main destinations of hot-dipped metal-coated sheet exports from South Korea, with a combined 40% share of total exports. The United States, Turkey, Slovenia, India, Belgium, Italy, Australia, Thailand, Russia and Malaysia lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Japan ($X) were the largest markets for hot-dipped metal-coated sheet exported from South Korea worldwide, with a combined 38% share of total exports. The United States, Turkey, Slovenia, India, Belgium, Australia, Italy, Thailand, Russia and Malaysia lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Australia, with a CAGR of +15.6%, 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 hot-dipped metal-coated sheet export price stood at $X per ton in 2021, increasing by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 the United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Republic of Korea

In 2021, the amount of hot-dipped metal-coated sheet imported into South Korea skyrocketed to X tons, growing by 52% against 2020 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest hot-dipped metal-coated sheet supplier to South Korea, with a 90% share of total imports. Moreover, hot-dipped metal-coated sheet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.4%.

In value terms, China ($X) constituted the largest supplier of hot-dipped metal-coated sheet to South Korea, comprising 86% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.4%.

Import Prices by Country

In 2021, the average hot-dipped metal-coated sheet import price amounted to $X per ton, growing by 40% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%).

Source: IndexBox Platform

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