Republic of Korea - Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea - 2022
Contents:
- Price for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (CIF) - 2022
- Price for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (FOB) - 2022
- Imports of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea
- Exports of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea
Price for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (CIF) - 2022
In December 2022, the average import price for aluminium plates, sheets and strip of thickness over 0.2 mm amounted to $3,345 per ton, rising by 4.7% against the previous month. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 7.5% against the previous month. Over the period under review, average import prices reached the maximum at $3,790 per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.9% per month.
Price for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (FOB) - 2022
The average export price for aluminium plates, sheets and strip of thickness over 0.2 mm stood at $4,308 per ton in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level 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 Hong Kong SAR ($7,834 per ton), while the average price for exports to Hungary ($3,581 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 Hong Kong SAR (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea
In 2022, after two years of decline, there was significant growth in purchases abroad of aluminium plates, sheets and strip of thickness over 0.2 mm, when their volume increased by 146% to 93K tons. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, imports of aluminium plates, sheets and strip of thickness over 0.2 mm soared to $321M in 2022. Overall, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 190 | 82.3 | 111 | 309 | 17.6% |
| Others | 12.1 | 12.2 | 12.4 | 11.4 | -2.0% |
| Total | 202 | 94.5 | 123 | 321 | 16.7% |
Top Suppliers of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm to South Korea in 2022:
- China (91.8K tons)
Exports of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea
In 2022, the amount of aluminium plates, sheets and strip of thickness over 0.2 mm exported from South Korea reduced to 15K tons, which is down by -11.5% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 41%. As a result, the exports attained the peak of 17K tons, and then reduced in the following year.
In value terms, exports of aluminium plates, sheets and strip of thickness over 0.2 mm totaled $65M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.2 | 17.4 | 31.2 | 30.6 | 6.7% |
| Hungary | N/A | 0.4 | 2.4 | 7.1 | 321.3% |
| China | 9.0 | 10.1 | 7.5 | 4.9 | -18.3% |
| United States | 1.7 | 1.2 | 2.4 | 4.0 | 33.0% |
| Australia | 4.4 | 3.8 | 2.0 | 3.7 | -5.6% |
| Vietnam | 1.4 | 1.0 | 1.4 | 2.7 | 24.5% |
| Thailand | 3.6 | 4.1 | 6.1 | 1.8 | -20.6% |
| Philippines | 1.1 | 1.6 | 3.1 | 1.4 | 8.4% |
| Others | 4.2 | 3.1 | 8.8 | 9.1 | 29.4% |
| Total | 50.7 | 42.7 | 64.8 | 65.3 | 8.8% |
Top Export Markets for Aluminium Plate, Sheet and Strip of Thickness over 0.2 Mm from South Korea in 2022:
- Japan (8.0K tons)
- Hungary (2.0K tons)
- Australia (0.8K tons)
- United States (0.7K tons)
- China (0.7K tons)
- Vietnam (0.5K tons)
- Thailand (0.4K tons)
- Philippines (0.3K tons)
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm 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 24422430 - Aluminium plates, sheets and strips > 0,2 mm thick
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
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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
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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
188
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Republic of Korea.
273
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Republic of Korea.
215
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
227
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
188
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in Republic of Korea.
273
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in Republic of Korea.
215
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
227
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
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