Republic of Korea: Nickel Ore Market 2020

Nickel Ore Market Size in Republic of Korea

The revenue of the nickel ore market in South Korea amounted to $X in 2017, reducing by -X% against the previous year. Overall, nickel ore consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when it surged by X% year-to-year. Over the period under review, the nickel ore market attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Nickel Ore Production in Republic of Korea

Nickel ore production in South Korea amounted to X kg in 2017, stabilizing at the previous year. Overall, nickel ore production continues to indicate a relatively flat trend pattern.

Nickel Ore Exports from Republic of Korea

Nickel ore exports from South Korea amounted to X tons in 2017, surging by X% against the previous year. In general, nickel ore exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the nickel ore exports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, nickel ore exports totaled $X in 2017. Overall, nickel ore exports continue to indicate a moderate growth. Over the period under review, the nickel ore exports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Nickel Ore Exports by Country from Republic of Korea

The Philippines represented the main exporter of nickel ores and concentrates in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2017. Indonesia (X tons) held the second position in the ranking, followed by New Caledonia (X tons), Australia (X tons) and Finland (X tons). All these countries together occupied near X% share of total exports. The following exporters - Guatemala (X tons) and Canada (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest nickel ore supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by New Caledonia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and New Caledonia (-X% per year).

Nickel Ore Export Prices by Country in Republic of Korea

The nickel ore export price in South Korea stood at $X per ton in 2017, shrinking by -X% against the previous year. In general, nickel ore export price continues to indicate an abrupt reduction. The pace of growth was the most pronounced in 2013, an increase of X% y-o-y. In that year, the export prices for nickel ores and concentrates attained their peak level of $X per ton. From 2014 to 2017, growth of the export prices for nickel ores and concentrates failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Finland (+X% per year), while the other leaders experienced more modest paces of growth.

Nickel Ore Imports into Republic of Korea

In 2017, approx. X tons of nickel ores and concentrates were imported into South Korea; growing by X% against the previous year. Overall, nickel ore imports continue to indicate an outstanding growth. The pace of growth was the most pronounced in 2009, with an increase of X% against the previous year. South Korea imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, nickel ore imports totaled $X in 2017. Overall, nickel ore imports continue to indicate a remarkable increase. Over the period under review, the nickel ore imports reached its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Nickel Ore Imports by Country into Republic of Korea

In 2017, China (X tons) and South Korea (X tons) were the major importers of nickel ores and concentrates in the globe, together reaching near X% of total imports. Japan (X tons) took the second position in the ranking, followed by Ukraine (X tons) and Macedonia (X tons). All these countries together occupied near X% share of total imports. Greece (X tons) and China, Hong Kong SAR (X tons) held the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nickel ores and concentrates into South Korea, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, nickel ore imports contracted by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (-X% per year).

Nickel Ore Import Prices by Country in Republic of Korea

In 2017, the nickel ore import price in South Korea amounted to $X per ton, jumping by X% against the previous year. Overall, nickel ore import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the import prices for nickel ores and concentrates reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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