Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States (CIF) - 2024
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States (CIF) - 2024

In December 2023, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $311K per ton, with an increase of 73% against the previous month. Overall, the import price recorded strong growth. The growth pace was the most rapid in September 2023 when the average import price increased by 114% against the previous month. The import price peaked in December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Switzerland ($833K per ton), while the price for Japan ($45,645 per ton) was amongst the lowest.

From March 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+5.3%), 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 the United States (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $256,847 per ton, rising by 8.1% against the previous year. Over the period under review, the export price showed a strong expansion. The growth pace was the most rapid in 2019 an increase of 24%. As a result, the export price reached the peak level of $258,246 per ton. From 2020 to 2022, the average export prices remained at a 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 Switzerland ($405,449 per ton), while the average price for exports to Argentina ($159,972 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 Switzerland (+11.6%), 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 the United States

For the fourth consecutive year, the United States recorded growth in overseas purchases of balances; of a sensitivity of 5cg or better, with or without weightses, which increased by 1.9% to 941 tons in 2022. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses expanded modestly to $113M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to the United States in 2022:

1. China (526.5 tons)
2. Switzerland (206.0 tons)
3. Germany (95.5 tons)
4. South Korea (56.1 tons)
5. Japan (15.0 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United States

For the fourth consecutive year, the United States recorded growth in shipments abroad of balances; of a sensitivity of 5cg or better, with or without weightses, which increased by 0.6% to 90 tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% 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 +44.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses expanded remarkably to $23M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from the United States in 2022:

1. Canada (46.2 tons)
2. Mexico (7.6 tons)
3. United Kingdom (3.6 tons)
4. China (3.2 tons)
5. Peru (2.8 tons)
6. Netherlands (2.0 tons)
7. Germany (2.0 tons)
8. Argentina (1.8 tons)
9. Costa Rica (1.7 tons)
10. Switzerland (1.7 tons)
11. Colombia (1.6 tons)

Source: IndexBox Market Intelligence Platform