China - Hydantoin And Its Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Significant Increase in Hydantoin Price to $3,231 per Ton Recorded in China
China Hydantoin Export Price in June 2023
In June 2023, the hydantoin price stood at $3,231 per ton (FOB, China), increasing by 12% against the previous month. In general, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in July 2022 an increase of 21% against the previous month. The export price peaked at $5,468 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($4,524 per ton), while the average price for exports to Thailand ($1,410 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.6%), while the prices for the other major destinations experienced a decline.
|COUNTRY||Export Price of Hydantoin in China (USD per ton)|
|Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023||Mar 2023||Apr 2023||May 2023||Jun 2023|
China Hydantoin Exports
In June 2023, overseas shipments of hydantoin and its derivatives were finally on the rise to reach 771 tons for the first time since March 2023, thus ending a two-month declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 with an increase of 52% month-to-month. As a result, the exports reached the peak of 1.2K tons. From August 2022 to June 2023, the growth of the exports failed to regain momentum.
In value terms, hydantoin exports soared to $2.5M (IndexBox estimates) in June 2023. In general, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in July 2022 when exports increased by 83% month-to-month. As a result, the exports reached the peak of $5.8M. From August 2022 to June 2023, the growth of the exports remained at a somewhat lower figure.
China Hydantoin Exports by Country
From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.
In value terms, Spain ($647K), the United States ($337K) and Japan ($286K) were the largest markets for hydantoin exported from China worldwide, with a combined 51% share of total exports.
Spain, with a CAGR of +7.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the hydantoin market in China. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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