Carbonates; Potassium Carbonate Price in Japan - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Japan (CIF) - 2023
- Carbonates; Potassium Carbonate Price in Japan (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Japan
- Carbonates; Potassium Carbonate Exports in Japan
Carbonates; Potassium Carbonate Price in Japan (CIF) - 2023
The average carbonates; potassium carbonate import price stood at $1,410 per ton in July 2023, with an increase of 1.8% against the previous month. Overall, import price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, carbonates; potassium carbonate import price decreased by -25.6% against May 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 33% month-to-month. The import price peaked at $2,319 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,661 per ton), while the price for South Korea ($1,081 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in Japan (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $2,493 per ton in 2022, with an increase of 21% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate export price increased by +80.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($11,181 per ton), while the average price for exports to Hong Kong SAR ($1,000 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 Singapore (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in Japan
Carbonates; potassium carbonate imports into Japan surged to 10K tons in 2022, jumping by 50% on the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; potassium carbonate imports soared to $15M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.5 | 3.9 | 4.0 | 4.4 | -0.7% |
| China | 0.5 | 0.5 | 0.8 | 3.8 | 96.6% |
| France | N/A | N/A | 0.1 | 3.0 | 2900.0% |
| United States | 0.6 | 0.5 | 0.8 | 2.1 | 51.8% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.4 | 1.6 | 100.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 5.9 | 5.4 | 6.2 | 15.0 | 36.5% |
Top Suppliers of Carbonates; Potassium Carbonate to Japan in 2022:
- South Korea (4.3K tons)
- United States (2.0K tons)
- China (2.0K tons)
- Taiwan (Chinese) (1.1K tons)
- France (0.7K tons)
Carbonates; Potassium Carbonate Exports in Japan
In 2022, overseas shipments of carbonates; potassium carbonates decreased by -44.9% to 258 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 257% against the previous year. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, carbonates; potassium carbonate exports contracted sharply to $643K in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 172%. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Carbonates; Potassium Carbonate in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 222 | 182 | 223 | 185 | -5.9% |
| China | 266 | 1,167 | 515 | 149 | -17.6% |
| Germany | 2.5 | N/A | 5.9 | 77.8 | 214.5% |
| South Korea | 56.2 | 75.0 | 65.0 | 77.2 | 11.2% |
| Thailand | 1.9 | 371 | 17.3 | 40.2 | 176.6% |
| United States | 48.2 | N/A | 62.2 | 37.5 | -8.0% |
| Hong Kong SAR | 50.3 | 16.4 | 20.0 | 17.4 | -29.8% |
| India | 149 | 350 | 1.9 | N/A | -88.7% |
| Others | 26.8 | 78.4 | 53.7 | 58.2 | 29.5% |
| Total | 824 | 2,240 | 964 | 643 | -7.9% |
Top Export Markets for Carbonates; Potassium Carbonate from Japan in 2022:
- China (85.6 tons)
- Malaysia (81.0 tons)
- South Korea (21.9 tons)
- United States (17.7 tons)
- Hong Kong SAR (17.4 tons)
- Thailand (17.2 tons)
- Germany (7.0 tons)
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