Price for Salts of Oxometallic or Peroxometallic Acids in China - 2023
Contents:
- Price for Salts of Oxometallic or Peroxometallic Acids in China (CIF) - 2023
- Price for Salts of Oxometallic or Peroxometallic Acids in China (FOB) - 2022
- Imports of Salts of Oxometallic or Peroxometallic Acids in China
- Exports of Salts of Oxometallic or Peroxometallic Acids in China
Price for Salts of Oxometallic or Peroxometallic Acids in China (CIF) - 2023
In December 2023, the average import price for salts of oxometallic or peroxometallic acidses amounted to $22,586 per ton, rising by 113% against the previous month. In general, the import price showed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($36,047 per ton), while the price for Vietnam ($11,333 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salts of Oxometallic or Peroxometallic Acids in China (FOB) - 2022
In 2022, the average export price for salts of oxometallic or peroxometallic acidses amounted to $7,366 per ton, rising by 2.7% against the previous year. Overall, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of 48%. Over the period under review, the average export prices attained the peak figure at $11,987 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($18,999 per ton), while the average price for exports to Italy ($549 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 Vietnam (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Salts of Oxometallic or Peroxometallic Acids in China
In 2022, supplies from abroad of salts of oxometallic or peroxometallic acidses decreased by -15.8% to 24K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 48%. As a result, imports reached the peak of 30K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of salts of oxometallic or peroxometallic acidses dropped to $505M in 2022. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year.
| Import of Salts of Oxometallic or Peroxometallic Acids in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 439 | 243 | 306 | 280 | -13.9% |
| Japan | 89.5 | 86.5 | 111 | 112 | 7.8% |
| United States | 7.0 | 7.7 | 20.9 | 32.1 | 66.1% |
| Philippines | 11.3 | 9.0 | 6.9 | 19.5 | 19.9% |
| Vietnam | 18.3 | 38.5 | 18.7 | 11.7 | -13.9% |
| South Africa | 8.4 | 11.7 | 10.3 | 9.3 | 3.5% |
| Kazakhstan | N/A | N/A | 0.1 | 1.9 | 1800.0% |
| Others | 25.6 | 28.3 | 53.6 | 38.2 | 14.3% |
| Total | 599 | 424 | 527 | 505 | -5.5% |
Top Suppliers of Salts of Oxometallic or Peroxometallic Acids to China in 2022:
- Japan (6.4K tons)
- South Africa (5.7K tons)
- South Korea (5.3K tons)
- Vietnam (1.4K tons)
- United States (1.3K tons)
- Kazakhstan (1.0K tons)
- Philippines (0.9K tons)
Exports of Salts of Oxometallic or Peroxometallic Acids in China
In 2022, after three years of growth, there was decline in overseas shipments of salts of oxometallic or peroxometallic acidses, when their volume decreased by -4.6% to 61K tons. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%. As a result, the exports attained the peak of 63K tons, and then contracted modestly in the following year.
In value terms, exports of salts of oxometallic or peroxometallic acidses shrank modestly to $446M in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year.
| Export of Salts of Oxometallic or Peroxometallic Acids in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 314 | 220 | 179 | 154 | -21.1% |
| Japan | 80.1 | 51.4 | 65.2 | 62.9 | -7.7% |
| United States | 61.0 | 44.0 | 36.6 | 55.1 | -3.3% |
| Netherlands | 49.7 | 12.2 | 51.6 | 46.6 | -2.1% |
| Vietnam | 11.2 | 11.0 | 23.5 | 24.2 | 29.3% |
| Taiwan (Chinese) | 10.6 | 10.8 | 10.4 | 21.3 | 26.2% |
| Malaysia | 11.1 | 6.5 | 6.1 | 16.9 | 15.0% |
| Thailand | 6.7 | 6.2 | 7.5 | 5.4 | -6.9% |
| Italy | 5.4 | 2.1 | 2.7 | 3.1 | -16.9% |
| Bangladesh | 2.7 | 2.7 | 2.7 | 2.8 | 1.2% |
| Egypt | 1.4 | 2.0 | 1.2 | 2.1 | 14.5% |
| Indonesia | 1.5 | 1.8 | 1.4 | 2.1 | 11.9% |
| Others | 39.4 | 45.9 | 66.3 | 49.0 | 7.5% |
| Total | 595 | 417 | 455 | 446 | -9.2% |
Top Export Markets for Salts of Oxometallic or Peroxometallic Acids from China in 2022:
- South Korea (8.1K tons)
- Vietnam (7.2K tons)
- Japan (6.4K tons)
- Italy (5.7K tons)
- Netherlands (4.2K tons)
- United States (4.0K tons)
- Taiwan (Chinese) (3.6K tons)
- Egypt (3.5K tons)
- Malaysia (2.6K tons)
- Thailand (2.5K tons)
- Bangladesh (1.8K tons)
- Indonesia (1.6K tons)
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