Republic of Korea: Non-Agglomerated Metal Carbides Market 2024

Non-Agglomerated Metal Carbides Market Size in Republic of Korea

The South Korean non-agglomerated metal carbides market dropped notably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Agglomerated Metal Carbides Production in Republic of Korea

In value terms, non-agglomerated metal carbides production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Agglomerated Metal Carbides Exports

Exports from Republic of Korea

In 2022, overseas shipments of non-agglomerated metal carbides mixed together or with metallic binders increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-agglomerated metal carbides exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and Israel (X tons) were the main destinations of non-agglomerated metal carbides exports from South Korea, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for non-agglomerated metal carbides mixed together or with metallic binders exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and China (X% per year).

Export Prices by Country

The average non-agglomerated metal carbides export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-agglomerated metal carbides export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Non-Agglomerated Metal Carbides Imports

Imports into Republic of Korea

In 2022, the amount of non-agglomerated metal carbides mixed together or with metallic binders imported into South Korea contracted sharply to X tons, falling by X% on 2021. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-agglomerated metal carbides imports declined remarkably to $X in 2022. Overall, imports faced a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-agglomerated metal carbides to South Korea, with a X% share of total imports. Moreover, non-agglomerated metal carbides imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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 Germany (X% per year).

In value terms, the largest non-agglomerated metal carbides suppliers to South Korea were China ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Sweden, which accounted for a further X%.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-agglomerated metal carbides import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price showed a modest expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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