Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea - 2022

Contents:

1. Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea (CIF) - 2022
2. Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea (FOB) - 2022
3. Imports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea
4. Exports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea

Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea (CIF) - 2022

In December 2022, the average import price for glass; unworked, in tubes, of fused quartz or other fused silica amounted to $62,698 per ton, rising by 74% against the previous month. In general, the import price showed a moderate increase. The pace of growth was the most pronounced in February 2022 when the average import price increased by 158% m-o-m. As a result, import price attained the peak level of $70,671 per ton. From March 2022 to December 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($168K per ton), while the price for the Netherlands ($14,814 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 China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea (FOB) - 2022

In 2022, the average export price for glass; unworked, in tubes, of fused quartz or other fused silica amounted to $158,157 per ton, jumping by 36% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($321,981 per ton), while the average price for exports to the Philippines ($11,481 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 China (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea

In 2022, imports of glass; unworked, in tubes, of fused quartz or other fused silica into South Korea rose slightly to 1.1K tons, increasing by 2.4% against the previous year's figure. In general, imports showed a relatively flat trend pattern.

In value terms, imports of glass; unworked, in tubes, of fused quartz or other fused silica skyrocketed to $47M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica to South Korea in 2022:

1. China (612.6 tons)
2. Germany (240.3 tons)
3. United States (96.7 tons)
4. Netherlands (84.3 tons)
5. Japan (23.9 tons)

Exports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in South Korea

In 2022, exports of glass; unworked, in tubes, of fused quartz or other fused silica from South Korea dropped significantly to 11 tons, reducing by -41.9% against the previous year. In general, exports recorded a precipitous shrinkage. The smallest decline of -23.2% was in 2021.

In value terms, exports of glass; unworked, in tubes, of fused quartz or other fused silica contracted significantly to $1.7M in 2022. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1.7% against the previous year.

Top Export Markets for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica from South Korea in 2022:

1. Malaysia (4.5 tons)
2. China (1.4 tons)
3. Japan (1.3 tons)
4. Taiwan (Chinese) (0.9 tons)
5. Philippines (0.9 tons)
6. United Kingdom (0.6 tons)
7. United States (0.4 tons)

Source: IndexBox Market Intelligence Platform