Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India - 2023
Contents:
- Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (CIF) - 2023
- Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (FOB) - 2022
- Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India
- Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India
Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (CIF) - 2023
In November 2023, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $207K per ton, picking up by 8.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in February 2023 an increase of 49% m-o-m. Over the period under review, average import prices reached the maximum at $212K per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Japan ($201K per ton) and Germany ($194K per ton), while the price for Poland ($174K per ton) and China ($184K per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (FOB) - 2022
The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $167,020 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 132%. The export price peaked at $491,704 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($187,283 per ton), while the average price for exports to Nepal ($76,258 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 Tanzania (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India
In 2022, the amount of balances; of a sensitivity of 5cg or better, with or without weightses imported into India surged to 205 tons, with an increase of 21% against 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +68.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses amounted to $32M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 4.1 | 7.7 | 11.4 | 35.3% |
| Germany | 5.7 | 5.4 | 7.2 | 6.6 | 5.0% |
| Netherlands | 2.2 | 2.7 | 3.9 | 4.5 | 26.9% |
| Switzerland | 2.8 | 2.2 | 2.0 | 2.2 | -7.7% |
| Japan | 1.0 | 0.8 | 2.0 | 2.1 | 28.1% |
| South Korea | 0.8 | 0.3 | 1.0 | 1.7 | 28.6% |
| Philippines | 1.5 | 1.4 | 2.1 | 1.6 | 2.2% |
| Poland | 1.4 | 0.9 | 1.7 | 1.4 | 0.0% |
| Others | 0.7 | 0.6 | 0.9 | 0.3 | -24.6% |
| Total | 20.7 | 18.4 | 28.5 | 31.8 | 15.4% |
Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to India in 2022:
- China (76.5 tons)
- Germany (42.7 tons)
- Netherlands (27.2 tons)
- Japan (14.9 tons)
- Switzerland (12.0 tons)
- South Korea (11.3 tons)
- Philippines (10.1 tons)
- Poland (8.5 tons)
Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India
Exports of balances; of a sensitivity of 5cg or better, with or without weightses from India expanded sharply to 9.8 tons in 2022, with an increase of 14% compared with the year before. Overall, exports, however, showed a abrupt shrinkage.
In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses surged to $1.5M in 2022. In general, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 23.1 | 27.4 | 52.7 | 166 | 93.0% |
| United States | 72.7 | 57.6 | 49.5 | 127 | 20.4% |
| Russia | 36.3 | 28.5 | 15.4 | 123 | 50.2% |
| United Arab Emirates | 107 | 90.7 | 95.3 | 109 | 0.6% |
| Germany | 30.6 | 18.1 | 12.6 | 105 | 50.8% |
| Nepal | 68.2 | 21.0 | 45.7 | 87.8 | 8.8% |
| Tanzania | 38.9 | 14.7 | 65.9 | 61.8 | 16.7% |
| Guinea | N/A | 0.9 | 13.2 | 44.1 | 600.0% |
| Kenya | 21.5 | 4.7 | 11.8 | 42.4 | 25.4% |
| Singapore | 13.9 | 10.4 | 15.3 | 36.8 | 38.3% |
| Nigeria | 79.6 | 33.0 | 36.0 | 35.5 | -23.6% |
| Kazakhstan | 4.2 | 7.6 | N/A | 33.7 | 100.2% |
| Ghana | 18.1 | 13.7 | 17.2 | 23.1 | 8.5% |
| Others | 950 | 632 | 718 | 550 | -16.7% |
| Total | 1,464 | 961 | 1,148 | 1,545 | 1.8% |
Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from India in 2022:
- Nepal (1151.0 kg)
- Uzbekistan (888.0 kg)
- United States (682.0 kg)
- Russia (656.0 kg)
- United Arab Emirates (617.0 kg)
- Germany (563.0 kg)
- Tanzania (378.0 kg)
- Nigeria (318.0 kg)
- Kenya (292.0 kg)
- Guinea (236.0 kg)
- Singapore (230.0 kg)
- Ghana (227.0 kg)
- Kazakhstan (180.0 kg)
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