Republic of Korea - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSemi-Manufactured Gold Price in South Korea - 2022
Contents:
- Semi-Manufactured Gold Price in South Korea (CIF) - 2022
- Semi-Manufactured Gold Price in South Korea (FOB) - 2022
- Semi-Manufactured Gold Imports in South Korea
- Semi-Manufactured Gold Exports in South Korea
Semi-Manufactured Gold Price in South Korea (CIF) - 2022
The average semi-manufactured gold import price stood at $29,533,647 per ton in 2022, with a decrease of -42.2% against the previous year. Overall, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. As a result, import price reached the peak level of $51,110 per kg, and then dropped rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($58,593,624 per ton), while the price for the United States ($8,132,980 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Semi-Manufactured Gold Price in South Korea (FOB) - 2022
In 2022, the average semi-manufactured gold export price amounted to $45,806,721 per ton, falling by -11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 57%. The export price peaked at $51,463,739 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($62,431,708 per ton), while the average price for exports to Vietnam ($12,903,095 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 Singapore (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Semi-Manufactured Gold Imports in South Korea
Semi-manufactured gold imports into South Korea reduced rapidly to 3.7 tons in 2022, falling by -82.4% against the previous year. Over the period under review, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 210%. As a result, imports reached the peak of 21 tons, and then dropped sharply in the following year.
In value terms, semi-manufactured gold imports reduced notably to $109M in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 329%. As a result, imports reached the peak of $1.1B, and then dropped significantly in the following year.
| Import of Semi-Manufactured Gold in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.1 | 67.1 | 87.9 | 44.8 | 2.9% |
| Japan | 4.2 | 2.4 | 18.6 | 20.5 | 69.6% |
| Australia | 39.7 | 9.2 | 542 | 20.0 | -20.4% |
| Singapore | 7.6 | 6.2 | 16.4 | 11.1 | 13.5% |
| Hong Kong SAR | 38.3 | 153 | 401 | 6.9 | -43.5% |
| United States | 1.8 | 2.2 | 2.7 | 2.5 | 11.6% |
| Germany | 2.7 | 1.1 | 0.8 | 0.8 | -33.3% |
| Swaziland | 25.6 | N/A | N/A | N/A | 0% |
| Others | 47.0 | 8.5 | 2.5 | 2.6 | -61.9% |
| Total | 208 | 250 | 1,071 | 109 | -19.4% |
Top Suppliers of Semi-Manufactured Gold to South Korea in 2022:
- China (2032.0 kg)
- Japan (459.0 kg)
- Australia (350.0 kg)
- United States (304.0 kg)
- Singapore (242.0 kg)
- Hong Kong SAR (117.0 kg)
- Germany (69.0 kg)
Semi-Manufactured Gold Exports in South Korea
In 2022, overseas shipments of gold, in semi-manufactured forms decreased by -19.9% to 7.5 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 91% against the previous year. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, semi-manufactured gold exports plummeted to $342M in 2022. Over the period under review, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year. As a result, the exports attained the peak of $928M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Semi-Manufactured Gold in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 85.4 | 108 | 126 | 98.1 | 4.7% |
| Philippines | 58.3 | 48.4 | 69.0 | 78.8 | 10.6% |
| China | 25.5 | 40.2 | 52.9 | 37.1 | 13.3% |
| Hong Kong SAR | 23.3 | 467 | 94.5 | 32.0 | 11.2% |
| Thailand | 13.1 | 18.2 | 29.3 | 30.2 | 32.1% |
| Vietnam | 28.1 | 34.4 | 41.1 | 27.6 | -0.6% |
| Japan | 19.9 | 23.0 | 26.4 | 22.6 | 4.3% |
| Singapore | 40.6 | 165 | 3.6 | 2.3 | -61.6% |
| Others | 14.9 | 24.9 | 37.4 | 13.6 | -3.0% |
| Total | 309 | 928 | 480 | 342 | 3.4% |
Top Export Markets for Semi-Manufactured Gold from South Korea in 2022:
- Vietnam (2138.0 kg)
- Taiwan (Chinese) (1600.0 kg)
- Philippines (1373.0 kg)
- China (600.0 kg)
- Hong Kong SAR (570.0 kg)
- Thailand (483.0 kg)
- Japan (388.0 kg)
- Singapore (40.0 kg)
This report provides an in-depth analysis of the semi-manufactured gold market 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 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
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
-
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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