Republic of Korea: Unwrought Tin Alloys Market 2025

Unwrought Tin Alloys Market Size in Republic of Korea

In 2022, the South Korean unwrought tin alloys market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Unwrought Tin Alloys Production in Republic of Korea

In value terms, unwrought tin alloys production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Unwrought tin alloys production peaked at $X in 2020; afterwards, it flattened through to 2022.

Unwrought Tin Alloys Exports

Exports from Republic of Korea

Unwrought tin alloys exports from South Korea reduced notably to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, unwrought tin alloys exports dropped rapidly to $X in 2022. Overall, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

China (X tons), the Philippines (X tons) and the United States (X tons) were the main destinations of unwrought tin alloys exports from South Korea, together accounting for X% of total exports. Taiwan (Chinese), Japan, Thailand and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for unwrought tin alloys exported from South Korea worldwide, together comprising X% of total exports. The United States, Japan, Thailand and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average unwrought tin alloys export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a noticeable increase 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, unwrought tin alloys export price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United States ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Tin Alloys Imports

Imports into Republic of Korea

For the third consecutive year, South Korea recorded decline in purchases abroad of unwrought tin alloys, which decreased by X% to X tons in 2022. In general, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, unwrought tin alloys imports fell markedly to $X in 2022. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Singapore (X tons) were the main suppliers of unwrought tin alloys imports to South Korea, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest unwrought tin alloys suppliers to South Korea were Germany ($X), Spain ($X) and Japan ($X), with a combined X% share of total imports. Singapore, the Philippines and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average unwrought tin alloys import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price posted a noticeable expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :