Republic of Korea - Copper Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Copper Ores and Concentrates in South Korea - 2022
Contents:
- Price for Copper Ores and Concentrates in South Korea (CIF) - 2022
- Price for Copper Ores and Concentrates in South Korea (FOB) - 2022
- Imports of Copper Ores and Concentrates in South Korea
- Exports of Copper Ores and Concentrates in South Korea
Price for Copper Ores and Concentrates in South Korea (CIF) - 2022
In December 2022, the average copper ores and concentrates import price amounted to $2,691 per ton, falling by -2.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 34% month-to-month. Over the period under review, average import prices reached the peak figure at $3,308 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($4,238 per ton), while the price for Montenegro ($1,400 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Ores and Concentrates in South Korea (FOB) - 2022
The average copper ores and concentrates export price stood at $2,057 per ton in December 2022, picking up by 8.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2022 an increase of 12% month-to-month. The export price peaked at $2,299 per ton in March 2022; however, from April 2022 to December 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.2% per month.
Imports of Copper Ores and Concentrates in South Korea
In 2022, copper ores and concentrates imports into South Korea rose sharply to 2.4M tons, with an increase of 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, 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 16%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, copper ores and concentrates imports expanded rapidly to $6.6B in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Copper Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 510 | 911 | 1,328 | 1,105 | 29.4% |
| Peru | 540 | 914 | 1,288 | 1,072 | 25.7% |
| Chile | 1,163 | 1,225 | 931 | 907 | -8.0% |
| Indonesia | 195 | 231 | 794 | 660 | 50.1% |
| Canada | 505 | 449 | 775 | 645 | 8.5% |
| Panama | 13.9 | 143 | 365 | 304 | 179.7% |
| Papua New Guinea | 129 | 192 | 105 | 116 | -3.5% |
| Brazil | 148 | 28.9 | 125 | 104 | -11.1% |
| United States | 134 | 68.6 | 50.8 | 69.3 | -19.7% |
| Others | 109 | 86.4 | 255 | 1,595 | 144.6% |
| Total | 3,447 | 4,250 | 6,017 | 6,578 | 24.0% |
Top Suppliers of Copper Ores and Concentrates to South Korea in 2022:
- Chile (542.4K tons)
- Peru (396.4K tons)
- Australia (330.9K tons)
- Indonesia (264.2K tons)
- Canada (188.4K tons)
- Panama (125.4K tons)
- Papua New Guinea (46.1K tons)
- United States (45.9K tons)
- Brazil (38.3K tons)
Exports of Copper Ores and Concentrates in South Korea
In 2022, copper ores and concentrates exports from South Korea skyrocketed to 745K tons, rising by 33% on the previous year's figure. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, copper ores and concentrates exports skyrocketed to $1.6B in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 206% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Copper Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 260 | 388 | 1,173 | 787 | 44.7% |
| Others | 0.3 | 0.4 | 12.7 | 796 | 1284.4% |
| Total | 261 | 388 | 1,186 | 1,582 | 82.3% |
Top Export Markets for Copper Ores and Concentrates from South Korea in 2022:
- China (423.9K tons)
This report provides an in-depth analysis of the market for copper ores and concentrates 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 07291100 - Copper ores and concentrates
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for copper ores and concentrates in Republic of Korea.
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This report provides an in-depth analysis of the market for copper ores and concentrates in Republic of Korea.
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This report provides an in-depth analysis of the copper ore market in Republic of Korea.
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This report provides an in-depth analysis of the global market for copper ores and concentrates.
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Global Copper Ore Market Report 2019. This report provides an in-depth analysis of the global market for copper ores and concentrates.
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In recent years, the demand for copper ores and concentrates has been steadily increasing worldwide. These materials are vital for various industries, including construction, electrical, and electronic sectors. The IndexBox market intelligence platform provides valuable insights into the top import markets for copper ores and concentrates. Here, we will explore the world's best import markets based on their import value. China, Japan, South Korea, India, Germany, Spain, Bulgaria, Taiwan, Philippines, and Finland are the top import markets for copper ores and concentrates in 2022. These countries heavily rely on copper to fuel their industrial growth and support sectors such as construction, electronics, and manufacturing. To access reliable and up-to-date market information, businesses can leverage the IndexBox market intelligence platform.
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