Price for Bromides; of Sodium or of Potassium in China - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in China (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in China (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in China
- Exports of Bromides; of Sodium or of Potassium in China
Price for Bromides; of Sodium or of Potassium in China (CIF) - 2022
In 2022, the average import price for bromides; of sodium or of potassia amounted to $2,660 per ton, surging by 34% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for bromides; of sodium or of potassia increased by +37.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 102%. Over the period under review, average import prices attained the maximum at $2,733 per ton in 2013; afterwards, it flattened through to 2022.
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 Russia ($3,270 per ton), while the price for the Netherlands ($952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Bromides; of Sodium or of Potassium in China (FOB) - 2022
The average export price for bromides; of sodium or of potassia stood at $5,322 per ton in 2022, increasing by 150% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price attained 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 the United States ($8,137 per ton), while the average price for exports to the United Arab Emirates ($1,214 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 the Philippines (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bromides; of Sodium or of Potassium in China
Imports of bromides; of sodium or of potassia into China skyrocketed to 60K tons in 2022, growing by 74% on the year before. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of bromides; of sodium or of potassia skyrocketed to $160M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bromides; of Sodium or of Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | 19.8 | 45.3 | 54.0 | 96.7 | 69.7% |
| Lao People's Democratic Republic | 9.9 | 6.5 | 4.4 | 25.6 | 37.3% |
| Russia | N/A | N/A | 6.8 | 24.5 | 260.3% |
| Ethiopia | N/A | N/A | 1.4 | 9.0 | 542.9% |
| Others | 1.3 | 1.5 | 2.0 | 4.1 | 46.6% |
| Total | 31.0 | 53.3 | 68.7 | 160 | 72.8% |
Top Suppliers of Bromides; of Sodium or of Potassium to China in 2022:
- Djibouti (38.3K tons)
- Lao People's Democratic Republic (9.9K tons)
- Russia (7.5K tons)
- Ethiopia (2.9K tons)
Exports of Bromides; of Sodium or of Potassium in China
Exports of bromides; of sodium or of potassia from China shrank significantly to 3.2K tons in 2022, dropping by -60.4% on the previous year's figure. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -16.3% was in 2020.
In value terms, exports of bromides; of sodium or of potassia reduced modestly to $17M in 2022. In general, exports continue to indicate a abrupt downturn.
| Export of Bromides; of Sodium or of Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 2.9 | 3.2 | 8.0 | 29.3% |
| Belgium | 1.6 | 0.6 | 0.8 | 1.4 | -4.4% |
| South Korea | 0.6 | 0.8 | 1.3 | 1.3 | 29.4% |
| Australia | 3.1 | 6.5 | 0.6 | 1.2 | -27.1% |
| Canada | 0.8 | 1.0 | 0.8 | 0.9 | 4.0% |
| Singapore | 0.1 | 1.2 | N/A | 0.7 | 91.3% |
| Brazil | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Saudi Arabia | 2.5 | 4.7 | 0.9 | 0.4 | -45.7% |
| Japan | 0.2 | 0.4 | 0.1 | 0.4 | 26.0% |
| United Arab Emirates | 6.7 | 1.2 | 0.4 | 0.3 | -64.5% |
| Philippines | N/A | N/A | N/A | 0.1 | 0% |
| Uzbekistan | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Malaysia | 2.3 | 1.2 | 2.9 | 0.1 | -64.8% |
| Others | 9.6 | 6.5 | 6.0 | 1.6 | -45.0% |
| Total | 31.1 | 27.2 | 17.3 | 17.1 | -18.1% |
Top Export Markets for Bromides; of Sodium or of Potassium from China in 2022:
- United States (987.0 tons)
- Australia (358.2 tons)
- United Arab Emirates (240.6 tons)
- Canada (220.9 tons)
- Belgium (201.9 tons)
- South Korea (187.3 tons)
- Singapore (186.6 tons)
- Saudi Arabia (150.5 tons)
- Brazil (126.5 tons)
- Japan (57.9 tons)
- Philippines (54.5 tons)
- Uzbekistan (53.6 tons)
- Malaysia (52.2 tons)
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