Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $130,608 per ton, with a decrease of -6.6% against the previous year. In general, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2013 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs at $139,898 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($866,995 per ton), while the price for Taiwan (Chinese) ($11,902 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $124,672 per ton in 2022, waning by -6.8% against the previous year. Over the period under review, the export price, however, posted strong growth. The growth pace was the most rapid in 2021 an increase of 214%. As a result, the export price reached the peak level of $133,710 per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($301,593 per ton), while the average price for exports to Gabon ($38,700 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 Italy (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of balances; of a sensitivity of 5cg or better, with or without weightses, when their volume increased by 69% to 178 tons. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $20M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to the UK in 2022:

1. China (100.4 tons)
2. Germany (16.6 tons)
3. Taiwan (Chinese) (11.9 tons)
4. Switzerland (10.9 tons)
5. South Korea (10.9 tons)
6. Japan (7.8 tons)
7. Netherlands (6.4 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the UK

In 2022, shipments abroad of balances; of a sensitivity of 5cg or better, with or without weightses increased by 2.4% to 36 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt slump.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $4.1M in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from the UK in 2022:

1. Netherlands (9.9 tons)
2. United States (3.7 tons)
3. Germany (2.8 tons)
4. Ireland (2.3 tons)
5. Nigeria (2.2 tons)
6. Spain (2.1 tons)
7. United Arab Emirates (1.8 tons)
8. India (1.2 tons)
9. Sierra Leone (1.1 tons)
10. Saudi Arabia (0.8 tons)
11. France (0.8 tons)
12. Gabon (0.6 tons)
13. Italy (0.2 tons)

Source: IndexBox Market Intelligence Platform