Price for Tantalum; Waste and Scrap in South Korea - 2022
Contents:
- Price for Tantalum; Waste and Scrap in South Korea (FOB) - 2022
- Price for Tantalum; Waste and Scrap in South Korea (CIF) - 2022
- Exports of Tantalum; Waste and Scrap in South Korea
- Imports of Tantalum; Waste and Scrap in South Korea
Price for Tantalum; Waste and Scrap in South Korea (FOB) - 2022
In December 2022, the average tantalum; waste and scrap export price amounted to $154K per ton, surging by 56% against the previous month. Over the period under review, the export price showed a mild expansion. The most prominent rate of growth was recorded in September 2022 an increase of 151% m-o-m. The export price peaked at $156K per ton in June 2022; however, from July 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($282K per ton), while the average price for exports to the United States ($16,704 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tantalum; Waste and Scrap in South Korea (CIF) - 2022
The average tantalum; waste and scrap import price stood at $279,086 per ton in 2022, picking up by 78% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.6% per year.
Exports of Tantalum; Waste and Scrap in South Korea
After three years of growth, shipments abroad of tantalum; waste and scraps decreased by -11.1% to 123 tons in 2022. The total export volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 23%.
In value terms, tantalum; waste and scrap exports rose remarkably to $12M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Tantalum; Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 3.2 | 4.2 | 4.7 | 4.7% |
| Kazakhstan | 2.1 | 3.1 | 3.1 | 3.1 | 13.9% |
| Germany | 0.9 | 0.9 | 1.1 | 1.3 | 13.0% |
| Japan | 1.0 | 0.7 | 0.9 | 1.1 | 3.2% |
| Taiwan (Chinese) | 0.3 | 0.8 | 1.4 | 0.9 | 44.2% |
| Hong Kong SAR | 0.2 | 0.6 | 0.9 | 0.7 | 51.8% |
| China | N/A | N/A | N/A | 0.2 | 0% |
| Estonia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | 0.5 | 7.7% |
| Total | 8.9 | 9.4 | 11.6 | 12.4 | 11.7% |
Top Export Markets for Tantalum; Waste and Scrap from South Korea in 2022:
- United States (49.3 tons)
- Japan (18.8 tons)
- Germany (14.5 tons)
- Kazakhstan (12.8 tons)
- Taiwan (Chinese) (11.4 tons)
- China (8.7 tons)
- Hong Kong SAR (5.5 tons)
Imports of Tantalum; Waste and Scrap in South Korea
In 2022, imports of tantalum; waste and scraps into South Korea soared to 798 kg, with an increase of 44% compared with 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 241%. As a result, imports reached the peak of 937 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tantalum; waste and scrap imports surged to $223K in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 184%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tantalum; Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 223 | 0% |
| China | N/A | 47.4 | 4.7 | N/A | -90.1% |
| United States | 12.1 | 4.7 | N/A | N/A | -61.2% |
| Philippines | 35.0 | 90.7 | 81.8 | N/A | 52.9% |
| Others | 4.8 | 4.7 | N/A | N/A | -2.1% |
| Total | 51.9 | 148 | 86.6 | 223 | 62.6% |
Top Suppliers of Tantalum; Waste and Scrap to South Korea in 2022:
- Taiwan (Chinese) (798.0 kg)
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