Price for Lead Oxides; Red Lead and Orange Lead in South Korea - 2022

Contents:

1. Price for Lead Oxides; Red Lead and Orange Lead in South Korea (FOB) - 2022
2. Price for Lead Oxides; Red Lead and Orange Lead in South Korea (CIF) - 2022
3. Exports of Lead Oxides; Red Lead and Orange Lead in South Korea
4. Imports of Lead Oxides; Red Lead and Orange Lead in South Korea

Price for Lead Oxides; Red Lead and Orange Lead in South Korea (FOB) - 2022

The average export price for lead oxides; red lead and orange leads stood at $2,494 per ton in December 2022, increasing by 4.1% against the previous month. In general, the export price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices attained the maximum at $3,101 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In December 2022, the highest price was recorded for prices to Vietnam ($3,235 per ton) and Australia ($3,067 per ton), while the average price for exports to Thailand ($2,292 per ton) and Pakistan ($2,318 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Lead Oxides; Red Lead and Orange Lead in South Korea (CIF) - 2022

The average import price for lead oxides; red lead and orange leads stood at $8,500 per ton in 2022, reducing by -31.7% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 85%. As a result, import price reached the peak level of $12,443 per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($96,093 per ton), while the price for India ($1,861 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Lead Oxides; Red Lead and Orange Lead in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of lead oxides; red lead and orange leads, when their volume decreased by -21.5% to 1.9K tons. Overall, exports recorded a mild downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year.

In value terms, exports of lead oxides; red lead and orange leads shrank to $4.8M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports attained the peak of $5.5M, and then contracted in the following year.

Top Export Markets for Lead Oxides; Red Lead and Orange Lead from South Korea in 2022:

1. Pakistan (559.5 tons)
2. Thailand (540.0 tons)
3. Australia (468.0 tons)
4. Vietnam (102.5 tons)
5. Mexico (69.0 tons)
6. Morocco (54.0 tons)
7. India (23.5 tons)

Imports of Lead Oxides; Red Lead and Orange Lead in South Korea

In 2022, overseas purchases of lead oxides; red lead and orange leads were finally on the rise to reach 40 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic downturn.

In value terms, imports of lead oxides; red lead and orange leads surged to $337K in 2022. In general, imports, however, continue to indicate a deep slump.

Top Suppliers of Lead Oxides; Red Lead and Orange Lead to South Korea in 2022:

1. South Africa (33.0 tons)
2. Japan (3.5 tons)
3. China (1.1 tons)
4. Germany (1.0 tons)
5. United States (0.9 tons)

Source: IndexBox Market Intelligence Platform