Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $5,174 per ton in 2022, surging by 55% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $7,690 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($18,768 per ton), while the price for China ($1,941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $8,245 per ton, jumping by 25% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by +42.2% against 2015 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($11,806 per ton), while the average price for exports to the Philippines ($2,539 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea
Imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia into South Korea shrank sharply to 31K tons in 2022, reducing by -20.5% on 2021. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of 38K tons, and then declined notably in the following year.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $158M in 2022. Over the period under review, imports saw a pronounced shrinkage.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 55.7 | 94.2 | 108 | 128 | 32.0% |
| Spain | 24.3 | 5.3 | 2.5 | 11.7 | -21.6% |
| China | 0.5 | 1.3 | 3.1 | 8.5 | 157.1% |
| Netherlands | 2.2 | 8.0 | 5.8 | 2.2 | 0.0% |
| Italy | 82.4 | N/A | N/A | 0.1 | -89.3% |
| Others | 14.7 | 8.1 | 8.4 | 7.1 | -21.5% |
| Total | 180 | 117 | 128 | 158 | -4.3% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to South Korea in 2022:
- Japan (22.9K tons)
- China (4.4K tons)
- Spain (2.4K tons)
- Netherlands (0.1K tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea
In 2022, overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were finally on the rise to reach 8.8K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia surged to $73M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 5.2 | 5.8 | 11.8 | 22.6% |
| China | 6.8 | 4.1 | 2.0 | 10.8 | 16.7% |
| Japan | 4.1 | 3.8 | 4.8 | 8.9 | 29.5% |
| Taiwan (Chinese) | 2.4 | 2.7 | 6.2 | 6.8 | 41.5% |
| Germany | 4.8 | 3.1 | 2.3 | 6.5 | 10.6% |
| Belgium | 3.0 | 2.5 | 2.1 | 3.2 | 2.2% |
| Vietnam | 2.3 | 2.2 | 2.2 | 2.5 | 2.8% |
| Netherlands | 3.3 | 5.3 | 4.6 | 2.4 | -10.1% |
| Italy | 2.0 | 3.1 | 2.5 | 2.3 | 4.8% |
| Singapore | 1.4 | 0.7 | 1.4 | 2.2 | 16.3% |
| Saudi Arabia | 4.1 | 8.7 | 5.7 | 1.5 | -28.5% |
| Philippines | 0.2 | 0.1 | 0.7 | 1.4 | 91.3% |
| Mexico | 0.3 | 0.2 | 1.2 | 1.0 | 49.4% |
| Others | 14.1 | 9.8 | 9.1 | 11.6 | -6.3% |
| Total | 55.3 | 51.4 | 50.6 | 73.0 | 9.7% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from South Korea in 2022:
- United States (1262.8 tons)
- Germany (929.5 tons)
- China (911.0 tons)
- Japan (900.2 tons)
- Taiwan (Chinese) (735.3 tons)
- Philippines (552.7 tons)
- Belgium (471.9 tons)
- Italy (356.8 tons)
- Netherlands (338.2 tons)
- Vietnam (333.5 tons)
- Mexico (306.1 tons)
- Singapore (233.2 tons)
- Saudi Arabia (156.5 tons)
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