Carbonates; Potassium Carbonate Price in India - 2023
Contents:
- Carbonates; Potassium Carbonate Price in India (CIF) - 2023
- Carbonates; Potassium Carbonate Price in India (FOB) - 2023
- Carbonates; Potassium Carbonate Imports in India
- Carbonates; Potassium Carbonate Exports in India
Carbonates; Potassium Carbonate Price in India (CIF) - 2023
The average carbonates; potassium carbonate import price stood at $1,336 per ton in July 2023, falling by -7.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 11% against the previous month. The import price peaked at $1,789 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($1,342 per ton), while the price for Thailand stood at $1,148 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in India (FOB) - 2023
In July 2023, the average carbonates; potassium carbonate export price amounted to $1,698 per ton, increasing by 32% against the previous month. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in December 2022 an increase of 210% m-o-m. Over the period under review, the average export prices reached the maximum at $11,439 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($2,376 per ton), while the average price for exports to the United Arab Emirates ($1,532 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Carbonates; Potassium Carbonate Imports in India
In 2022, approx. 33K tons of carbonates; potassium carbonates were imported into India; with an increase of 3% on 2021. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, carbonates; potassium carbonate imports soared to $48M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 10.1 | 12.3 | 18.0 | 25.3 | 35.8% |
| Belgium | 6.4 | 6.3 | 5.3 | 8.3 | 9.1% |
| Thailand | 5.5 | 4.1 | 2.4 | 5.5 | 0.0% |
| Russia | 1.8 | 2.0 | 1.5 | 2.4 | 10.1% |
| United States | 0.7 | 0.8 | 1.6 | 2.2 | 46.5% |
| Germany | 0.4 | 0.3 | 1.3 | 1.8 | 65.1% |
| Others | 2.3 | 2.0 | 1.1 | 2.5 | 2.8% |
| Total | 27.3 | 27.7 | 31.0 | 48.0 | 20.7% |
Top Suppliers of Carbonates; Potassium Carbonate to India in 2022:
- South Korea (18.7K tons)
- Thailand (4.3K tons)
- Belgium (3.3K tons)
- Russia (2.3K tons)
- United States (1.7K tons)
- Germany (0.8K tons)
Carbonates; Potassium Carbonate Exports in India
For the third consecutive year, India recorded decline in shipments abroad of carbonates; potassium carbonates, which decreased by -2.9% to 384 tons in 2022. Overall, exports recorded a dramatic curtailment.
In value terms, carbonates; potassium carbonate exports contracted to $793K in 2022. Over the period under review, exports showed a dramatic downturn.
| Export of Carbonates; Potassium Carbonate in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,153 | 577 | 410 | 472 | -25.7% |
| Germany | 111 | 260 | 162 | 108 | -0.9% |
| United States | 101 | 187 | 117 | 83.3 | -6.2% |
| Japan | 30.8 | 77.5 | 63.6 | 42.2 | 11.1% |
| Bangladesh | 26.2 | 2.8 | 33.6 | 22.3 | -5.2% |
| Nepal | 22.3 | 36.7 | 16.2 | 15.4 | -11.6% |
| United Arab Emirates | 51.7 | 10.2 | 0.1 | 14.4 | -34.7% |
| Azerbaijan | N/A | 136 | N/A | N/A | 0% |
| Iran | 708 | N/A | N/A | N/A | 0% |
| Canada | N/A | 25.2 | 20.7 | N/A | -17.9% |
| Others | 73.6 | 61.5 | 42.4 | 35.0 | -21.9% |
| Total | 2,277 | 1,374 | 865 | 793 | -29.6% |
Top Export Markets for Carbonates; Potassium Carbonate from India in 2022:
- China (176.1 tons)
- Germany (68.2 tons)
- Japan (35.1 tons)
- United States (29.1 tons)
- Bangladesh (25.1 tons)
- Nepal (21.2 tons)
- United Arab Emirates (13.6 tons)
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