Carbonates; Potassium Carbonate Price in China - 2023
Contents:
- Carbonates; Potassium Carbonate Price in China (FOB) - 2023
- Carbonates; Potassium Carbonate Price in China (CIF) - 2022
- Carbonates; Potassium Carbonate Exports in China
- Carbonates; Potassium Carbonate Imports in China
Carbonates; Potassium Carbonate Price in China (FOB) - 2023
The average carbonates; potassium carbonate export price stood at $892 per ton in June 2023, dropping by -31.8% against the previous month. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in February 2023 when the average export price increased by 10% month-to-month. The export price peaked at $1,606 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($1,765 per ton), while the average price for exports to Malaysia ($424 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.4%), while the prices for the other major destinations experienced a decline.
Carbonates; Potassium Carbonate Price in China (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $1,331 per ton, picking up by 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Japan ($2,868 per ton), while the price for South Korea ($979 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Exports in China
In 2022, the amount of carbonates; potassium carbonates exported from China skyrocketed to 15K tons, with an increase of 42% compared with the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; potassium carbonate exports skyrocketed to $22M in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Carbonates; Potassium Carbonate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 441 | 564 | 833 | 3,361 | 96.8% |
| Brazil | 51.4 | 4.6 | 60.6 | 2,470 | 263.6% |
| United Kingdom | 1,881 | 1,893 | 2,223 | 1,870 | -0.2% |
| South Africa | 123 | 198 | 498 | 1,184 | 112.7% |
| Mexico | 308 | 198 | 334 | 1,085 | 52.2% |
| United States | 642 | 892 | 851 | 772 | 6.3% |
| Germany | 213 | 211 | 792 | 733 | 51.0% |
| Australia | 261 | 247 | 150 | 672 | 37.1% |
| Iran | 749 | 300 | 68.1 | 610 | -6.6% |
| Argentina | 103 | 132 | 290 | 598 | 79.7% |
| Bangladesh | 219 | 195 | 350 | 597 | 39.7% |
| New Zealand | 139 | 147 | 184 | 596 | 62.5% |
| South Korea | 194 | 229 | 216 | 552 | 41.7% |
| Others | 4,540 | 3,823 | 6,280 | 6,451 | 12.4% |
| Total | 9,866 | 9,033 | 13,130 | 21,550 | 29.7% |
Top Export Markets for Carbonates; Potassium Carbonate from China in 2022:
- Japan (2.0K tons)
- Brazil (1.6K tons)
- United Kingdom (1.5K tons)
- South Africa (0.9K tons)
- United States (0.7K tons)
- Mexico (0.7K tons)
- Australia (0.5K tons)
- Germany (0.5K tons)
- New Zealand (0.5K tons)
- Iran (0.4K tons)
- Bangladesh (0.4K tons)
- South Korea (0.4K tons)
- Argentina (0.4K tons)
Carbonates; Potassium Carbonate Imports in China
In 2022, imports of carbonates; potassium carbonates into China contracted notably to 4.4K tons, falling by -42.3% against the previous year. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 254% against the previous year. As a result, imports attained the peak of 7.6K tons, and then fell notably in the following year.
In value terms, carbonates; potassium carbonate imports reduced rapidly to $5.8M in 2022. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 208% against the previous year. As a result, imports reached the peak of $7.4M, and then reduced notably in the following year.
| Import of Carbonates; Potassium Carbonate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.8 | 11.7 | 2,287 | 2,214 | 735.2% |
| Germany | 195 | 157 | 892 | 1,327 | 89.5% |
| United States | 1,013 | 419 | 1,068 | 749 | -9.6% |
| Japan | 274 | 1,113 | 565 | 251 | -2.9% |
| Thailand | 371 | 265 | 134 | 146 | -26.7% |
| Russia | N/A | N/A | 248 | N/A | 0% |
| Taiwan (Chinese) | 553 | N/A | N/A | N/A | 0% |
| Others | 26.6 | 447 | 2,236 | 1,124 | 248.3% |
| Total | 2,437 | 2,413 | 7,431 | 5,811 | 33.6% |
Top Suppliers of Carbonates; Potassium Carbonate to China in 2022:
- South Korea (2262.2 tons)
- United States (543.6 tons)
- Germany (522.5 tons)
- Thailand (100.3 tons)
- Japan (87.3 tons)
433
This report provides an in-depth analysis of the carbonate market in China.
847
This report provides an in-depth analysis of the sodium carbonate market in China.
746
This report provides an in-depth analysis of the calcium carbonate market in China.
466
This report provides an in-depth analysis of the baking soda market in China.
896
This report provides an in-depth analysis of the lithium carbonate market in China.
259
This report provides an in-depth analysis of the market for lithium oxide, hydroxide and carbonate in China.
1358
This report provides an in-depth analysis of the global carbonate market.
1307
This report provides an in-depth analysis of the global sodium carbonate market.
1960
This report provides an in-depth analysis of the global calcium carbonate market.
1737
This report provides an in-depth analysis of the global baking soda market.
324
In February 2023, the calcium carbonate price amounted to $690 per ton (FOB, China), growing by 14% against the previous month.
227
The most significant growth rate for Baking Soda was observed in November 2022 with a 35% increase in exports compared to the previous month. In terms of value, baking soda exports experienced a rapid decline to $11M in September 2023.
172
During the period under review, imports of Lithium Carbonate peaked in December 2023, with a significant increase in value to $451M.
958
Although China is the second-largest importer of lithium carbonate in the world, it dominates globally in exports for lithium oxide and lithium hydroxide.With moderate lithium deposits, the country will need to find ways to expand its resource reserves to support the rapid development of its electric car and electronics industries. It is widely viewed that China will construct lithium mining facilities in Afghanistan, but this is very unlikely in the near future due to the difficult military and political situation there.
236
Explore the top import markets for carbonate worldwide, with key statistics and data from IndexBox. Learn about the leading countries in the carbonate import market and their import values.
1537
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
1065
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
1539
The U.S. continued its dominance in the global carbonate and peroxocarbonate trade. In 2014, the U.S. exported X million tons of carbonates and peroxocarbonates totaling X billion USD, X% over the previous year. Its primary trading partner was Mexi
364
Explore the world's best import markets for lithium carbonate, backed by key statistics. Discover the leading countries importing lithium carbonate, including China, South Korea, and Japan.
592
The pandemic hit battery manufacturing, which is the main lithium-consuming industry hard. Lithium supplies on the global market exceeded demand, resulting in a fall in lithium prices. In the second half of 2020, lithium demand started to recover, buoyed by strong battery sales. Strategic partnerships shaped during the Covid crisis enabled lithium manufacturers to secure stable product supply chains.
