Cerium Compounds Price in China - 2023
Contents:
- Cerium Compounds Price in China (FOB) - 2023
- Cerium Compounds Price in China (CIF) - 2022
- Cerium Compounds Exports in China
- Cerium Compounds Imports in China
Cerium Compounds Price in China (FOB) - 2023
In September 2023, the average cerium compounds export price amounted to $1,417 per ton, dropping by -33.7% against the previous month. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in August 2023 an increase of 75% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,941 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($5,595 per ton), while the average price for exports to Turkey ($620 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Cerium Compounds Price in China (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $3,395 per ton, falling by -28.6% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $19,488 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($12,331 per ton), while the price for India ($588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.0%), while the prices for the other major suppliers experienced a decline.
Cerium Compounds Exports in China
Cerium compounds exports from China fell rapidly to 9K tons in 2022, which is down by -15.9% compared with the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, the exports attained the peak of 11K tons, and then declined sharply in the following year.
In value terms, cerium compounds exports declined modestly to $22M in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 35%. As a result, the exports reached the peak of $22M, and then dropped in the following year.
| Export of Cerium Compounds in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.2 | 5.0 | 6.7 | 4.0 | -17.8% |
| Norway | 0.9 | 1.8 | 2.4 | 3.7 | 60.2% |
| United States | 3.9 | 2.2 | 2.0 | 2.6 | -12.6% |
| South Korea | 2.4 | 2.9 | 2.9 | 2.4 | 0.0% |
| India | 0.5 | 0.7 | 1.3 | 1.8 | 53.3% |
| Netherlands | 0.7 | 1.0 | 1.9 | 1.3 | 22.9% |
| Italy | 0.9 | 0.6 | 0.8 | 0.8 | -3.9% |
| Germany | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Turkey | N/A | 0.1 | 0.4 | 0.4 | 100.0% |
| France | 0.1 | 0.5 | 0.7 | 0.4 | 58.7% |
| Russia | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 1.4 | 1.2 | 2.8 | 3.4 | 34.4% |
| Total | 18.3 | 16.3 | 22.1 | 21.6 | 5.7% |
Top Export Markets for Cerium Compounds from China in 2022:
- Japan (2262.9 tons)
- United States (1161.0 tons)
- Netherlands (902.4 tons)
- Italy (450.6 tons)
- India (412.8 tons)
- South Korea (398.0 tons)
- Turkey (264.9 tons)
- France (254.0 tons)
- Norway (229.7 tons)
- Russia (136.2 tons)
- Germany (108.4 tons)
Cerium Compounds Imports in China
Cerium compounds imports into China skyrocketed to 1.8K tons in 2022, growing by 80% on 2021 figures. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2020 indices.
In value terms, cerium compounds imports skyrocketed to $6.2M in 2022. Over the period under review, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. As a result, imports reached the peak of $9.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cerium Compounds in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.9 | 4.6 | 2.7 | 3.3 | 20.2% |
| United States | 0.7 | 1.0 | 1.1 | 1.1 | 16.3% |
| France | 0.8 | 1.0 | 0.2 | 0.7 | -4.4% |
| Malaysia | 2.5 | 1.8 | 0.2 | 0.6 | -37.9% |
| India | 0.4 | 0.5 | 0.2 | 0.2 | -20.6% |
| United Kingdom | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Total | 6.9 | 9.1 | 4.8 | 6.2 | -3.5% |
Top Suppliers of Cerium Compounds to China in 2022:
- Japan (1026.1 tons)
- India (287.3 tons)
- France (150.8 tons)
- Malaysia (146.2 tons)
- United Kingdom (89.2 tons)
- United States (88.1 tons)
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