Cerium Compounds Price in Japan - 2023
Contents:
- Cerium Compounds Price in Japan (FOB) - 2023
- Cerium Compounds Price in Japan (CIF) - 2023
- Cerium Compounds Exports in Japan
- Cerium Compounds Imports in Japan
Cerium Compounds Price in Japan (FOB) - 2023
The average cerium compounds export price stood at $37,834 per ton in July 2023, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $44,268 per ton. From February 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was China ($67,094 per ton), while the average price for exports to Taiwan (Chinese) ($27,785 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cerium Compounds Price in Japan (CIF) - 2023
The average cerium compounds import price stood at $4,757 per ton in July 2023, with a decrease of -38.9% against the previous month. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 200% against the previous month. As a result, import price attained the peak level of $13,055 per ton. From October 2022 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($18,284 per ton), while the price for China ($1,888 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 Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced a decline.
Cerium Compounds Exports in Japan
In 2022, overseas shipments of cerium compoundses increased by 2.6% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback.
In value terms, cerium compounds exports rose modestly to $72M in 2022. In general, exports, however, saw a pronounced downturn.
| Export of Cerium Compounds in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 19.4 | 23.6 | 26.4 | 25.5 | 9.5% |
| United States | 25.2 | 23.4 | 23.0 | 23.5 | -2.3% |
| South Korea | 8.4 | 9.0 | 11.0 | 18.2 | 29.4% |
| China | 1.5 | 3.8 | 1.4 | 2.6 | 20.1% |
| Singapore | 16.0 | 12.9 | 4.8 | 0.1 | -81.6% |
| Others | 7.6 | 3.0 | 3.0 | 2.1 | -34.9% |
| Total | 78.1 | 75.6 | 69.6 | 71.9 | -2.7% |
Top Export Markets for Cerium Compounds from Japan in 2022:
- Taiwan (Chinese) (913.2 tons)
- United States (595.8 tons)
- South Korea (389.5 tons)
- China (69.9 tons)
- Singapore (1.8 tons)
Cerium Compounds Imports in Japan
In 2022, approx. 7.6K tons of cerium compoundses were imported into Japan; dropping by -30.3% against the previous year's figure. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 21%.
In value terms, cerium compounds imports reached $63M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Cerium Compounds in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.6 | 32.9 | 39.5 | 48.2 | 16.4% |
| China | 22.4 | 12.2 | 16.6 | 9.1 | -25.9% |
| Taiwan (Chinese) | 2.4 | 3.1 | 3.2 | 2.7 | 4.0% |
| Estonia | 2.5 | 1.2 | 2.3 | 2.4 | -1.4% |
| Others | 0.3 | 0.4 | 0.1 | 0.1 | -30.7% |
| Total | 58.0 | 49.7 | 61.6 | 62.5 | 2.5% |
Top Suppliers of Cerium Compounds to Japan in 2022:
- China (3.8K tons)
- France (2.9K tons)
- Estonia (0.8K tons)
- Taiwan (Chinese) (0.1K tons)
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