Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $681 per ton in 2022, surging by 10% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,095 per ton), while the price for Vietnam ($305 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $913 per ton, picking up by 20% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 aluminium oxide (including artificial corundum); aluminium hydroxide increased by +45.6% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 27%. The export price peaked at $1,043 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,177 per ton), while the average price for exports to New Zealand ($333 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 Indonesia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea
In 2022, approx. 567K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were imported into South Korea; waning by -5.3% on the previous year. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide expanded to $386M in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 172 | 149 | 175 | 172 | 0.0% |
| Australia | 31.1 | 28.8 | 41.7 | 44.3 | 12.5% |
| Japan | 58.2 | 42.1 | 49.0 | 44.3 | -8.7% |
| Vietnam | 32.6 | 18.5 | 24.8 | 29.7 | -3.1% |
| Germany | 33.7 | 40.3 | 36.4 | 29.5 | -4.3% |
| Indonesia | 10.1 | 6.3 | 10.1 | 23.9 | 33.3% |
| India | 10.8 | 8.5 | 9.4 | 12.8 | 5.8% |
| Others | 35.2 | 22.7 | 23.1 | 28.7 | -6.6% |
| Total | 384 | 317 | 370 | 386 | 0.2% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to South Korea in 2022:
- China (228.9K tons)
- Australia (124.4K tons)
- Vietnam (97.4K tons)
- Indonesia (41.4K tons)
- Japan (26.0K tons)
- India (18.0K tons)
- Germany (14.1K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea
In 2022, approx. 100K tons of aluminium oxide (including artificial corundum); aluminium hydroxide were exported from South Korea; falling by -14.2% against 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 7.8% against the previous year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide expanded modestly to $91M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 42.6 | 27.1 | 31.5 | 33.7 | -7.5% |
| China | 13.9 | 14.0 | 24.2 | 26.9 | 24.6% |
| Indonesia | 5.4 | 5.4 | 5.3 | 4.3 | -7.3% |
| Vietnam | 3.0 | 3.2 | 3.7 | 4.1 | 11.0% |
| Thailand | 3.9 | 2.5 | 3.5 | 3.5 | -3.5% |
| Taiwan (Chinese) | 5.1 | 5.1 | 4.9 | 3.0 | -16.2% |
| Netherlands | 0.7 | 0.4 | 0.7 | 1.2 | 19.7% |
| Italy | 4.2 | 1.7 | 1.5 | 1.2 | -34.1% |
| New Zealand | 1.4 | 1.4 | 0.9 | 0.6 | -24.6% |
| Others | 10.6 | 6.7 | 12.5 | 12.5 | 5.6% |
| Total | 90.9 | 67.5 | 88.7 | 91.0 | 0.0% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from South Korea in 2022:
- Japan (49.6K tons)
- China (20.9K tons)
- Thailand (5.0K tons)
- Taiwan (Chinese) (3.5K tons)
- Indonesia (3.5K tons)
- Italy (3.3K tons)
- Vietnam (2.8K tons)
- New Zealand (1.9K tons)
- Netherlands (1.6K tons)
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