Metals; Platinum, Semi-Manufactured Price in South Korea - 2022
Contents:
- Metals; Platinum, Semi-Manufactured Price in South Korea (FOB) - 2022
- Metals; Platinum, Semi-Manufactured Price in South Korea (CIF) - 2022
- Metals; Platinum, Semi-Manufactured Exports in South Korea
- Metals; Platinum, Semi-Manufactured Imports in South Korea
Metals; Platinum, Semi-Manufactured Price in South Korea (FOB) - 2022
The average metals; platinum, semi-manufactured export price stood at $50.9M per ton in December 2022, surging by 15% against the previous month. Over the period under review, export price indicated a perceptible increase from December 2021 to December 2022: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, metals; platinum, semi-manufactured export price increased by +24.8% against September 2022 indices. The most prominent rate of growth was recorded in April 2022 an increase of 115% m-o-m. As a result, the export price reached the peak level of $81,371 per kg; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($77.6M per ton), while the average price for exports to Taiwan (Chinese) ($31.5M 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 India (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Metals; Platinum, Semi-Manufactured Price in South Korea (CIF) - 2022
In December 2022, the average metals; platinum, semi-manufactured import price amounted to $34.9M per ton, growing by 72% against the previous month. Overall, the import price, however, saw a slight decrease. Over the period under review, average import prices hit record highs at $51.6M per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($46.0M per ton), while the price for Japan ($25.7M per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Metals; Platinum, Semi-Manufactured Exports in South Korea
In 2022, shipments abroad of metals; platinum, semi-manufactureds decreased by -0.7% to 891 kg, falling for the second year in a row after two years of growth. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 165%. As a result, the exports attained the peak of 1.3 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, metals; platinum, semi-manufactured exports reduced notably to $46M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 403%. As a result, the exports attained the peak of $91M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Metals; Platinum, Semi-Manufactured in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 10.2 | 59.0 | 48.3 | 24.7 | 34.3% |
| Taiwan (Chinese) | 5.3 | 8.3 | 11.2 | 7.9 | 14.2% |
| China | N/A | N/A | 1.0 | 6.3 | 530.0% |
| United States | N/A | 22.8 | 6.5 | 3.2 | -62.5% |
| India | N/A | N/A | N/A | 3.0 | 0% |
| Japan | 0.8 | 0.4 | 0.3 | 0.4 | -20.6% |
| Others | 1.8 | 0.6 | 1.8 | 0.6 | -30.7% |
| Total | 18.1 | 91.0 | 69.2 | 46.1 | 36.6% |
Top Export Markets for Metals; Platinum, Semi-Manufactured from South Korea in 2022:
- United Kingdom (330.0 kg)
- Taiwan (Chinese) (245.0 kg)
- China (117.0 kg)
- United States (106.0 kg)
- India (52.0 kg)
- Japan (15.0 kg)
Metals; Platinum, Semi-Manufactured Imports in South Korea
In 2022, imports of metals; platinum, semi-manufactureds into South Korea rose notably to 1.3 tons, increasing by 13% on 2021 figures. Overall, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 153% against the previous year. As a result, imports reached the peak of 4.1 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, metals; platinum, semi-manufactured imports declined to $38M in 2022. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year. As a result, imports reached the peak of $141M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metals; Platinum, Semi-Manufactured in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.8 | 15.0 | 25.1 | 22.3 | 36.3% |
| Japan | 2.3 | 3.0 | 9.1 | 6.9 | 44.2% |
| Germany | 5.8 | 3.7 | 7.0 | 6.8 | 5.4% |
| United States | 37.7 | 119 | 1.0 | 2.0 | -62.4% |
| Others | N/A | 0.3 | 0.6 | 0.4 | 15.5% |
| Total | 54.6 | 141 | 42.8 | 38.4 | -11.1% |
Top Suppliers of Metals; Platinum, Semi-Manufactured to South Korea in 2022:
- United Kingdom (611.0 kg)
- Germany (291.0 kg)
- Japan (225.0 kg)
- United States (120.0 kg)
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This report provides an in-depth analysis of the platinum market in Republic of Korea.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Republic of Korea.
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This report provides an in-depth analysis of the global platinum market.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
