Price for Salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate in India - 2023

Contents:

1. Price for Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India (FOB) - 2023
2. Price for Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India (CIF) - 2023
3. Exports of Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India
4. Imports of Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India

Price for Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India (FOB) - 2023

In November 2023, the average export price for salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate amounted to $2,085 per ton, with a decrease of -15.8% against the previous month. In general, the export price recorded a slight reduction. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices hit record highs at $3,292 per ton in June 2023; however, from July 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Belgium ($2,815 per ton), while the average price for exports to Bangladesh ($1,727 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India (CIF) - 2023

The average import price for salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate stood at $1,769 per ton in October 2023, almost unchanged from the previous month. In general, the import price saw a abrupt setback. The import price peaked at $2,487 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From April 2023 to October 2023, the rate of growth in terms of prices for China amounted to -5.4% per month.

Exports of Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India

In 2022, approx. 5.1K tons of salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate were exported from India; surging by 7.9% on the year before. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% 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.

In value terms, exports of salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate skyrocketed to $14M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate from India in 2022:

1. Vietnam (1774.8 tons)
2. United States (987.2 tons)
3. Bangladesh (340.0 tons)
4. Brazil (289.9 tons)
5. Netherlands (288.0 tons)
6. Thailand (227.0 tons)
7. Turkey (225.0 tons)
8. Spain (180.0 tons)
9. Malaysia (127.0 tons)
10. Saudi Arabia (126.0 tons)
11. Japan (90.0 tons)
12. Bulgaria (90.0 tons)
13. Italy (18.0 tons)

Imports of Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate in India

For the third consecutive year, India recorded decline in purchases abroad of salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate, which decreased by 0% to 44 tons in 2022. Overall, imports continue to indicate a dramatic contraction. The smallest decline of -12.6% was in 2020.

In value terms, imports of salts; of oxometallic or peroxometallic acids, manganites, manganates and permanganates, potassium permanganate skyrocketed to $130K in 2022. In general, imports showed a significant decline.

Top Suppliers of Salts; of Oxometallic or Peroxometallic Acids, Manganites, Manganates and Permanganates, Potassium Permanganate to India in 2022:

1. China (44.0 tons)

Source: IndexBox Market Intelligence Platform