Mullite Price in India - 2023
Contents:
- Mullite Price in India (CIF) - 2023
- Mullite Price in India (FOB) - 2022
- Mullite Imports in India
- Mullite Exports in India
Mullite Price in India (CIF) - 2023
The average mullite import price stood at $364 per ton in September 2023, remaining constant against the previous month. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in December 2022 an increase of 28% month-to-month. The import price peaked at $552 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was China ($370 per ton), while the price for Marshall Islands amounted to $295 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Marshall Islands (-1.6%).
Mullite Price in India (FOB) - 2022
In 2022, the average mullite export price amounted to $6,552 per ton, surging by 290% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price reached 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 Bangladesh ($55,067 per ton), while the average price for exports to the United Arab Emirates ($961 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 Switzerland (+7.8%), while the prices for the other major destinations experienced a decline.
Mullite Imports in India
For the fourth year in a row, India recorded growth in purchases abroad of mullites, which increased by 13% to 8.5K tons in 2022. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mullite imports rose sharply to $4M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Mullite in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 2.2 | 3.0 | 3.3 | 16.3% |
| United States | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Marshall Islands | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Total | 2.7 | 2.8 | 3.6 | 4.0 | 14.0% |
Top Suppliers of Mullite to India in 2022:
- China (7.4K tons)
- United States (0.6K tons)
- Marshall Islands (0.2K tons)
Mullite Exports in India
In 2022, overseas shipments of mullites increased by 4.4% to 24 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a precipitous curtailment.
In value terms, mullite exports soared to $159K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mullite in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | N/A | 97.5 | 0% |
| Switzerland | 43.9 | 52.6 | N/A | 55.1 | 7.9% |
| United Arab Emirates | N/A | N/A | 12.0 | 1.9 | -84.2% |
| Kenya | N/A | 0.3 | N/A | 0.4 | 15.5% |
| Sri Lanka | 1.6 | N/A | N/A | N/A | 0% |
| France | 0.2 | N/A | 25.2 | N/A | 1022.5% |
| Mexico | 30.2 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 1.8 | 1.8 | 4.0 | 71.0% |
| Total | 76.7 | 54.7 | 39.0 | 159 | 27.5% |
Top Export Markets for Mullite from India in 2022:
- Switzerland (20.0 tons)
- United Arab Emirates (1.9 tons)
- Bangladesh (1.8 tons)
- Kenya (0.1 tons)
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