Organo-Sulphur Compounds; Methionine Price in China - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in China (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in China (FOB) - 2023
- Organo-Sulphur Compounds; Methionine Imports in China
- Organo-Sulphur Compounds; Methionine Exports in China
Organo-Sulphur Compounds; Methionine Price in China (CIF) - 2023
In June 2023, the average organo-sulphur compounds; methionine import price amounted to $2,132 per ton, dropping by -1.7% against the previous month. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 6.9% m-o-m. The import price peaked at $2,772 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($13,500 per ton), while the price for Belgium ($2,118 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Organo-Sulphur Compounds; Methionine Price in China (FOB) - 2023
In June 2023, the average organo-sulphur compounds; methionine export price amounted to $1,957 per ton, remaining stable against the previous month. Over the period under review, the export price, however, recorded a pronounced decrease. The export price peaked at $2,838 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to Japan ($2,344 per ton) and South Korea ($2,078 per ton), while the average price for exports to Mexico ($1,707 per ton) and Norway ($1,758 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.2%), while the prices for the other major destinations experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in China
For the third year in a row, China recorded decline in purchases abroad of organo-sulphur compounds; methionines, which decreased by -8.3% to 187K tons in 2022. In general, imports recorded a abrupt shrinkage. The smallest decline of -1.2% was in 2021.
In value terms, organo-sulphur compounds; methionine imports fell to $444M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 7.6%. As a result, imports reached the peak of $462M, and then fell slightly in the following year.
| Import of Organo-Sulphur Compounds; Methionine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 177 | 167 | 246 | 245 | 11.4% |
| Malaysia | 124 | 96.8 | 125 | 133 | 2.4% |
| Japan | 61.2 | 30.3 | 44.6 | 39.0 | -13.9% |
| Belgium | 39.7 | 107 | 22.4 | 11.0 | -34.8% |
| France | 19.7 | 15.8 | 12.8 | 10.9 | -17.9% |
| Others | 9.6 | 11.6 | 11.8 | 5.3 | -18.0% |
| Total | 432 | 429 | 462 | 444 | 0.9% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to China in 2022:
- Singapore (104.6K tons)
- Malaysia (53.9K tons)
- Japan (16.9K tons)
- France (6.2K tons)
- Belgium (4.6K tons)
Organo-Sulphur Compounds; Methionine Exports in China
In 2022, the amount of organo-sulphur compounds; methionines exported from China soared to 177K tons, with an increase of 101% compared with 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, organo-sulphur compounds; methionine exports skyrocketed to $317M in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 101%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Organo-Sulphur Compounds; Methionine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.4 | 1.3 | 1.5 | 46.0 | 386.3% |
| Brazil | 1.0 | 4.7 | 16.9 | 40.2 | 242.6% |
| Germany | 12.6 | 20.6 | 35.4 | 29.1 | 32.2% |
| Indonesia | 1.1 | 8.1 | 17.5 | 21.7 | 170.2% |
| Vietnam | 1.4 | 6.4 | 11.0 | 13.6 | 113.4% |
| Japan | 8.4 | 12.0 | 11.0 | 11.4 | 10.7% |
| South Korea | 2.3 | 3.5 | 5.2 | 9.7 | 61.6% |
| Philippines | 3.8 | 4.9 | 7.5 | 8.9 | 32.8% |
| Egypt | 1.4 | 1.6 | 5.0 | 8.6 | 83.1% |
| Colombia | 1.1 | 1.6 | 6.4 | 8.1 | 94.5% |
| Peru | 0.8 | 1.6 | 5.3 | 7.4 | 109.9% |
| Chile | 0.5 | 0.4 | 1.7 | 7.4 | 145.5% |
| Pakistan | 0.7 | 1.6 | 2.3 | 7.2 | 117.5% |
| Others | 27.4 | 33.8 | 78.6 | 97.5 | 52.7% |
| Total | 63.1 | 102 | 205 | 317 | 71.3% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from China in 2022:
- Russia (24.7K tons)
- Brazil (23.5K tons)
- Germany (23.2K tons)
- Indonesia (11.8K tons)
- Vietnam (7.7K tons)
- Japan (5.9K tons)
- South Korea (5.1K tons)
- Philippines (4.8K tons)
- Egypt (4.7K tons)
- Colombia (4.7K tons)
- Peru (4.2K tons)
- Chile (4.2K tons)
- Pakistan (4.0K tons)
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