Carbonates; Strontium Carbonate Price in China - 2023
Contents:
- Carbonates; Strontium Carbonate Price in China (CIF) - 2023
- Carbonates; Strontium Carbonate Price in China (FOB) - 2023
- Carbonates; Strontium Carbonate Imports in China
- Carbonates; Strontium Carbonate Exports in China
Carbonates; Strontium Carbonate Price in China (CIF) - 2023
The average carbonates; strontium carbonate import price stood at $1,090 per ton in June 2023, growing by 6.3% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 26% against the previous month. As a result, import price reached the peak level of $1,864 per ton. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($3,311 per ton), while the price for Mexico ($994 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 Spain (+3.3%), while the prices for the other major suppliers experienced a decline.
Carbonates; Strontium Carbonate Price in China (FOB) - 2023
In June 2023, the average carbonates; strontium carbonate export price amounted to $1,721 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price, however, showed a mild decrease. The pace of growth was the most pronounced in July 2022 an increase of 45% m-o-m. As a result, the export price reached the peak level of $2,872 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($5,000 per ton), while the average price for exports to Vietnam ($1,255 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 Spain (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.
Carbonates; Strontium Carbonate Imports in China
In 2022, overseas purchases of carbonates; strontium carbonates decreased by -38.3% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.9%. As a result, imports reached the peak of 23K tons, and then fell sharply in the following year.
In value terms, carbonates; strontium carbonate imports contracted to $17M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of $18M, and then reduced in the following year.
| Import of Carbonates; Strontium Carbonate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 8.7 | 8.5 | 9.5 | 8.5 | -0.8% |
| Germany | 5.4 | 5.2 | 6.6 | 6.7 | 7.5% |
| Spain | N/A | 0.2 | 0.1 | 1.1 | 134.5% |
| United Arab Emirates | N/A | N/A | 1.4 | 0.4 | -71.4% |
| Others | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Total | 14.4 | 14.1 | 17.9 | 16.7 | 5.1% |
Top Suppliers of Carbonates; Strontium Carbonate to China in 2022:
- Mexico (8.1K tons)
- Germany (5.6K tons)
- Spain (0.4K tons)
- United Arab Emirates (0.2K tons)
Carbonates; Strontium Carbonate Exports in China
In 2022, the amount of carbonates; strontium carbonates exported from China surged to 6.3K tons, rising by 96% on 2021 figures. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; strontium carbonate exports surged to $11M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 169%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Carbonates; Strontium Carbonate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,019 | 747 | 3,361 | 3,712 | 53.9% |
| South Korea | 83.9 | 72.0 | 202 | 3,064 | 231.8% |
| Russia | 363 | 290 | 430 | 827 | 31.6% |
| Myanmar | N/A | 1.1 | 60.1 | 429 | 1874.8% |
| Spain | N/A | N/A | 49.6 | 365 | 635.9% |
| India | 88.9 | 79.2 | 17.4 | 307 | 51.2% |
| United States | 48.3 | 27.0 | 47.0 | 215 | 64.5% |
| Vietnam | 521 | 315 | 400 | 201 | -27.2% |
| Iran | 925 | 166 | N/A | N/A | -82.1% |
| Others | 744 | 521 | 1,400 | 2,232 | 44.2% |
| Total | 3,792 | 2,218 | 5,966 | 11,351 | 44.1% |
Top Export Markets for Carbonates; Strontium Carbonate from China in 2022:
- South Korea (2823.4 tons)
- Japan (1426.2 tons)
- Russia (440.3 tons)
- Spain (198.0 tons)
- Myanmar (175.0 tons)
- India (132.1 tons)
- United States (113.6 tons)
- Vietnam (112.0 tons)
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