Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States - 2023

Contents:

  1. Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (CIF) - 2022
  2. Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (FOB) - 2022
  3. Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States
  4. Exports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States

Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (CIF) - 2022

In 2022, the average import price for alkaloids, vegetable; of cinchona and their derivatives; salts thereoves amounted to $74,610 per ton, waning by -33.8% against the previous year. Over the period under review, the import price, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 221%. As a result, import price attained the peak level of $113,690 per ton. From 2021 to 2022, the average import prices remained at a 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 Germany ($293,459 per ton), while the price for China ($23,611 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.9%), while the prices for the other major suppliers experienced a decline.

Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (FOB) - 2022

The average export price for alkaloids, vegetable; of cinchona and their derivatives; salts thereoves stood at $134,944 per ton in 2022, rising by 122% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 705%. Over the period under review, the average export prices reached the maximum at $664,329 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($510,593 per ton), while the average price for exports to Australia ($28,065 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 Taiwan (Chinese) (+86.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States

Imports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves into the United States skyrocketed to 77 tons in 2022, with an increase of 40% compared with the year before. In general, imports, however, saw a deep downturn.

In value terms, imports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves dropped to $5.8M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $6.2M, and then declined in the following year.

Import of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.41.21.52.318.0%
Indonesia1.61.71.41.5-2.1%
China1.21.31.31.20.0%
India0.20.71.60.426.0%
SwitzerlandN/AN/AN/A0.20%
Others0.10.20.40.226.0%
Total4.65.06.25.88.0%

Top Suppliers of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof to the United States in 2022:

  1. China (51.6 tons)
  2. Indonesia (12.0 tons)
  3. Germany (7.7 tons)
  4. India (3.7 tons)
  5. Switzerland (1.2 tons)

Exports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States

In 2022, the amount of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves exported from the United States fell dramatically to 2.6 tons, reducing by -53.2% compared with 2021 figures. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 626% against the previous year. As a result, the exports attained the peak of 5.5 tons, and then dropped significantly in the following year.

In value terms, exports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves expanded to $349K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 191%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada18.620.95.513794.6%
Australia90.63.658.730.9-30.1%
South Korea4.914.614.630.183.1%
Germany2.86.5N/A23.2102.4%
Trinidad and TobagoN/AN/AN/A21.50%
IcelandN/AN/AN/A20.70%
Mexico53.530.14.110.2-42.4%
BoliviaN/AN/A4.5N/A0%
ThailandN/AN/A106N/A0%
VietnamN/A9.1N/AN/A0%
IsraelN/AN/A74.2N/A0%
Others9.130.668.375.1102.1%
Total18011533634924.7%

Top Export Markets for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof from the United States in 2022:

  1. Australia (1101.0 kg)
  2. Canada (744.0 kg)
  3. Trinidad and Tobago (319.0 kg)
  4. Iceland (220.0 kg)
  5. South Korea (59.0 kg)
  6. Germany (46.0 kg)
  7. Mexico (1.0 kg)

Source: IndexBox Market Intelligence Platform

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