Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR - 2023

Contents:

1. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR (CIF) - 2023
2. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR (FOB) - 2022
3. Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR
4. Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR (CIF) - 2023

In October 2023, the average import price for cellulose nitrates (including collodions); in primary formses amounted to $2,995 per ton, surging by 3.8% against the previous month. Overall, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in April 2023 when the average import price increased by 73% month-to-month. Over the period under review, average import prices hit record highs at $3,482 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Taiwan (Chinese) ($4,186 per ton), while the price for China ($2,726 per ton) was amongst the lowest.

From February 2023 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR (FOB) - 2022

The average export price for cellulose nitrates (including collodions); in primary formses stood at $2,699 per ton in 2022, surging by 13% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellulose nitrates (including collodions); in primary formses increased by +30.0% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $3,585 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($3,370 per ton) and Japan ($3,350 per ton), while the average price for exports to Colombia ($2,590 per ton) and Sri Lanka ($2,613 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in supplies from abroad of cellulose nitrates (including collodions); in primary formses, when their volume decreased by -87.3% to 1K tons. Overall, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports attained the peak of 8.1K tons, and then reduced notably in the following year.

In value terms, imports of cellulose nitrates (including collodions); in primary formses contracted notably to $2.9M in 2022. Over the period under review, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 112% against the previous year. As a result, imports reached the peak of $20M, and then shrank markedly in the following year.

Top Suppliers of Cellulose Nitrates (Including Collodions); in Primary Forms to Hong Kong SAR in 2022:

1. China (897.2 tons)
2. Taiwan (Chinese) (131.0 tons)

Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in overseas shipments of cellulose nitrates (including collodions); in primary formses, when their volume decreased by -87.6% to 988 tons. In general, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 114% against the previous year. As a result, the exports reached the peak of 8K tons, and then fell sharply in the following year.

In value terms, exports of cellulose nitrates (including collodions); in primary formses contracted markedly to $2.7M in 2022. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 146%. As a result, the exports reached the peak of $19M, and then declined rapidly in the following year.

Top Export Markets for Cellulose Nitrates (Including Collodions); in Primary Forms from Hong Kong SAR in 2022:

1. Vietnam (819.6 tons)
2. Sri Lanka (60.4 tons)
3. China (50.2 tons)
4. Japan (28.8 tons)
5. Colombia (20.2 tons)

Source: IndexBox Market Intelligence Platform