Price for Carbides, Whether or Not Chemically Defined in China - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in China (FOB) - 2022
- Price for Carbides, Whether or Not Chemically Defined in China (CIF) - 2022
- Exports of Carbides, Whether or Not Chemically Defined in China
- Imports of Carbides, Whether or Not Chemically Defined in China
Price for Carbides, Whether or Not Chemically Defined in China (FOB) - 2022
In 2022, the average export price for carbides, whether or not chemically defineds amounted to $1,715 per ton, increasing by 20% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,543 per ton), while the average price for exports to Pakistan ($870 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 Nigeria (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Carbides, Whether or Not Chemically Defined in China (CIF) - 2022
The average import price for carbides, whether or not chemically defineds stood at $2,718 per ton in 2022, which is down by -9.4% against the previous year. In general, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $4,045 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Democratic People's Republic of Korea ($3,984 per ton), while the price for Taiwan (Chinese) ($1,218 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Carbides, Whether or Not Chemically Defined in China
In 2022, approx. 542K tons of carbides, whether or not chemically defineds were exported from China; increasing by 9% on 2021 figures. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of carbides, whether or not chemically defineds soared to $930M in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Carbides, Whether or Not Chemically Defined in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 175 | 118 | 203 | 219 | 7.8% |
| United States | 67.2 | 50.5 | 83.8 | 159 | 33.3% |
| South Korea | 80.9 | 67.0 | 106 | 109 | 10.4% |
| India | 53.4 | 38.3 | 60.7 | 58.1 | 2.9% |
| Netherlands | 3.2 | 2.3 | 25.7 | 47.3 | 145.4% |
| Thailand | 7.8 | 6.5 | 28.3 | 34.6 | 64.3% |
| Taiwan (Chinese) | 18.6 | 23.0 | 28.2 | 28.5 | 15.3% |
| Mexico | 7.4 | 8.6 | 11.6 | 21.8 | 43.4% |
| Turkey | 3.0 | 7.1 | 7.7 | 16.1 | 75.1% |
| Philippines | 5.1 | 4.4 | 8.3 | 9.0 | 20.8% |
| Pakistan | 7.3 | 8.8 | 2.7 | 3.1 | -24.8% |
| Others | 121 | 97.0 | 142 | 224 | 22.8% |
| Total | 550 | 432 | 709 | 930 | 19.1% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from China in 2022:
- United States (149.7K tons)
- Japan (61.8K tons)
- India (47.7K tons)
- South Korea (41.4K tons)
- Netherlands (36.9K tons)
- Thailand (32.8K tons)
- Mexico (22.3K tons)
- Taiwan (Chinese) (12.7K tons)
- Turkey (10.8K tons)
- Philippines (8.9K tons)
- Pakistan (3.5K tons)
Imports of Carbides, Whether or Not Chemically Defined in China
In 2022, imports of carbides, whether or not chemically defineds into China surged to 9.2K tons, increasing by 51% compared with the year before. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $25M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Carbides, Whether or Not Chemically Defined in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.4 | 3.6 | 5.5 | 6.1 | 21.5% |
| Democratic People's Republic of Korea | 2.0 | 0.2 | 1.2 | 5.4 | 39.2% |
| Norway | 1.6 | 2.4 | 2.5 | 4.4 | 40.1% |
| Germany | 2.6 | 1.8 | 3.4 | 2.5 | -1.3% |
| Taiwan (Chinese) | 1.2 | 1.7 | 2.4 | 2.3 | 24.2% |
| United Kingdom | 0.9 | 0.9 | 0.8 | 0.6 | -12.6% |
| Spain | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Others | 2.7 | 2.6 | 2.3 | 3.7 | 11.1% |
| Total | 14.5 | 13.2 | 18.4 | 25.1 | 20.1% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to China in 2022:
- Japan (2.9K tons)
- Taiwan (Chinese) (1.9K tons)
- Democratic People's Republic of Korea (1.4K tons)
- Norway (1.2K tons)
- Germany (1.0K tons)
- United Kingdom (0.1K tons)
- Spain (0.1K tons)
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