Insulating Board Price in China - 2023

Contents:

1. Insulating Board Price in China (CIF) - 2022
2. Insulating Board Price in China (FOB) - 2022
3. Insulating Board Imports in China
4. Insulating Board Exports in China

Insulating Board Price in China (CIF) - 2022

In 2022, the average insulating board import price amounted to $455 per cubic meter, growing by 41% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulating board import price increased by +72.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2,237 per cubic meter), while the price for India ($273 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Board Price in China (FOB) - 2022

In 2022, the average insulating board export price amounted to $1,081 per cubic meter, surging by 69% against the previous year. Over the period under review, the export price enjoyed buoyant growth. 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 Canada ($2,869 per cubic meter), while the average price for exports to the Dominican Republic ($311 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports in China

In 2022, supplies from abroad of insulating board decreased by -89.1% to 1.7K cubic meters, falling for the second year in a row after two years of growth. Over the period under review, imports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 when imports increased by 0.2%. As a result, imports reached the peak of 30K cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, insulating board imports fell dramatically to $771K in 2022. Overall, imports showed a sharp contraction. The smallest decline of less than 0.1% was in 2020. Over the period under review, imports reached the maximum at $9.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Insulating Board to China in 2022:

1. New Zealand (977.0 cubic meters)
2. Japan (261.0 cubic meters)
3. Germany (163.0 cubic meters)
4. India (142.0 cubic meters)
5. Poland (58.0 cubic meters)
6. France (42.0 cubic meters)
7. Estonia (31.0 cubic meters)

Insulating Board Exports in China

For the third year in a row, China recorded decline in shipments abroad of insulating board, which decreased by -19.5% to 4.8K cubic meters in 2022. Over the period under review, exports recorded a precipitous contraction. The exports peaked at 23K cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insulating board exports skyrocketed to $5.2M in 2022. Overall, exports continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure at $9.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Insulating Board from China in 2022:

1. Australia (1209.0 cubic meters)
2. Nigeria (870.0 cubic meters)
3. Japan (749.0 cubic meters)
4. United Arab Emirates (336.0 cubic meters)
5. United States (187.0 cubic meters)
6. Vietnam (168.0 cubic meters)
7. Canada (149.0 cubic meters)
8. Oman (149.0 cubic meters)
9. Dominican Republic (131.0 cubic meters)
10. Philippines (129.0 cubic meters)
11. Saudi Arabia (127.0 cubic meters)
12. Indonesia (122.0 cubic meters)
13. Myanmar (9.0 cubic meters)

Source: IndexBox Market Intelligence Platform