China - Imines And Their Derivatives And Salts Thereof - Market Analysis, Forecast, Size, Trends And Insights
China's Imines Exports Drop Sharply to $42M in February 2023
China Imines Exports
In February 2023, exports of imines and their derivatives and salts thereof from China reduced remarkably to 5.7K tons, dropping by -20.5% against the previous month. Over the period under review, total exports indicated moderate growth from February 2022 to February 2023: its volume increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -20.5% against January 2023 indices. The most prominent rate of growth was recorded in March 2022 when exports increased by 34% month-to-month.
In value terms, imines exports contracted dramatically to $42M (IndexBox estimates) in February 2023. Overall, total exports indicated a mild expansion from February 2022 to February 2023: its value increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -39.9% against August 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 37% m-o-m.
|COUNTRY||Export Value of Imines in China (million USD)|
|Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023|
Exports by Country
The United States (793 tons), Brazil (432 tons) and the Netherlands (397 tons) were the main destinations of imines exports from China, with a combined 28% share of total exports. Russia, Germany, Japan, India, Poland, Mexico, Pakistan, the UK, Thailand and South Korea lagged somewhat behind, together accounting for a further 41%.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($6.2M), Brazil ($3.7M) and the Netherlands ($3.5M) constituted the largest markets for imines exported from China worldwide, with a combined 32% share of total exports. These countries were followed by Germany, Japan, India, Russia, Poland, the UK, Mexico, South Korea, Thailand and Pakistan, which together accounted for a further 39%.
Among the main countries of destination, Pakistan, with a CAGR of +35.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In February 2023, the imines price amounted to $7,436 per ton (FOB, China), dropping by -7.4% against the previous month. Overall, the export price saw a slight curtailment. The most prominent rate of growth was recorded in May 2022 an increase of 19% against the previous month. Over the period under review, the average export prices reached the maximum at $10,021 per ton in June 2022; however, from July 2022 to February 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was Germany ($9,603 per ton), while the average price for exports to Pakistan ($3,940 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the imines 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.
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