Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (FOB) - 2023
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (CIF) - 2023
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (FOB) - 2023
The average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $10,288 per ton in December 2023, jumping by 17% against the previous month. In general, the export price, however, saw a perceptible shrinkage. The export price peaked at $13,670 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($12,957 per ton), while the average price for exports to Indonesia ($6,315 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (CIF) - 2023
In December 2023, the average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $8,974 per ton, picking up by 5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 31% m-o-m. The import price peaked at $11,915 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($86,385 per ton), while the price for the Philippines ($4,258 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China
In 2022, shipments abroad of aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -7.3% to 7.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 5.6% against the previous year. As a result, the exports attained the peak of 8.1K tons, and then dropped in the following year.
In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes totaled $83M in 2022. The total export value increased at an average annual rate of +5.3% 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 when exports increased by 6.8% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.5 | 9.3 | 12.2 | 13.2 | -5.2% |
| United States | 15.3 | 15.8 | 16.7 | 12.7 | -6.0% |
| Spain | 7.1 | 9.1 | 8.0 | 8.1 | 4.5% |
| Singapore | 5.9 | 6.5 | 8.1 | 6.7 | 4.3% |
| Netherlands | 5.9 | 6.6 | 6.0 | 5.6 | -1.7% |
| Switzerland | 2.0 | 3.1 | 2.8 | 5.4 | 39.2% |
| Japan | 2.0 | 2.9 | 2.8 | 3.9 | 24.9% |
| Germany | 1.9 | 1.9 | 3.5 | 3.8 | 26.0% |
| Mexico | 2.4 | 2.3 | 3.1 | 3.5 | 13.4% |
| United Kingdom | 2.3 | 1.8 | 2.0 | 2.7 | 5.5% |
| Indonesia | 1.6 | 1.6 | 1.9 | 2.6 | 17.6% |
| Brazil | 1.5 | 1.6 | 1.8 | 1.5 | 0.0% |
| Others | 7.5 | 11.4 | 10.0 | 13.2 | 20.7% |
| Total | 71.0 | 74.0 | 79.0 | 82.8 | 5.3% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from China in 2022:
- India (1791.0 tons)
- United States (1366.9 tons)
- Singapore (655.1 tons)
- Netherlands (541.0 tons)
- Spain (467.3 tons)
- Switzerland (396.0 tons)
- Mexico (361.1 tons)
- Indonesia (338.8 tons)
- Germany (290.7 tons)
- Japan (189.5 tons)
- United Kingdom (156.2 tons)
- Brazil (137.3 tons)
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China
In 2022, overseas purchases of aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -11.7% to 5.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of 6.6K tons, and then declined in the following year.
In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes declined to $44M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $44M, leveling off in the following year.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.7 | 11.9 | 11.7 | 17.0 | 13.3% |
| India | 6.4 | 7.8 | 8.9 | 6.1 | -1.6% |
| Philippines | 2.9 | 3.9 | 5.6 | 5.7 | 25.3% |
| United Kingdom | 4.0 | 2.5 | 3.8 | 3.6 | -3.5% |
| Mexico | 1.7 | 2.7 | 2.9 | 3.3 | 24.7% |
| United States | 3.8 | 2.8 | 1.6 | 2.4 | -14.2% |
| Germany | 2.2 | 1.6 | 2.4 | 1.7 | -8.2% |
| Others | 6.7 | 5.0 | 6.9 | 3.9 | -16.5% |
| Total | 39.4 | 38.1 | 43.9 | 43.8 | 3.6% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to China in 2022:
- Japan (2325.3 tons)
- Philippines (1229.4 tons)
- India (767.1 tons)
- United Kingdom (579.5 tons)
- United States (494.0 tons)
- Germany (230.6 tons)
- Mexico (111.2 tons)
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