Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in China - 2023
Contents:
- Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (FOB) - 2023
- Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (CIF) - 2023
- Exports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China
- Imports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China
Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (FOB) - 2023
The average export price for bromides and bromide oxides; other than item no. 2827.51s stood at $1,898 per ton in December 2023, reducing by -6% against the previous month. In general, the export price showed a deep slump. The growth pace was the most rapid in July 2023 when the average export price increased by 89% month-to-month. The export price peaked at $5,080 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Russia ($9,304 per ton), while the average price for exports to Nigeria ($1,581 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.9%), while the prices for the other major destinations experienced a decline.
Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (CIF) - 2023
The average import price for bromides and bromide oxides; other than item no. 2827.51s stood at $4,583 per ton in December 2023, surging by 165% against the previous month. Over the period under review, the import price saw temperate growth. The growth pace was the most rapid in January 2023 when the average import price increased by 188% month-to-month. As a result, import price reached the peak level of $10,112 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($10,440 per ton), while the price for Israel totaled $4,132 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (-5.8%), while the prices for the other major suppliers experienced a decline.
Exports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China
In 2022, exports of bromides and bromide oxides; other than item no. 2827.51s from China skyrocketed to 5K tons, growing by 69% on the previous year's figure. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.8% against 2020 indices.
In value terms, exports of bromides and bromide oxides; other than item no. 2827.51s skyrocketed to $21M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.7 | 5.5 | 1.3 | 8.1 | 68.3% |
| South Korea | 1.6 | 2.1 | 2.5 | 3.1 | 24.7% |
| Vietnam | 0.1 | 0.1 | 0.2 | 1.3 | 135.1% |
| Indonesia | 0.5 | 0.4 | 0.6 | 1.2 | 33.9% |
| Bangladesh | 0.2 | 0.1 | 0.3 | 0.9 | 65.1% |
| Pakistan | 0.6 | 0.5 | 0.8 | 0.8 | 10.1% |
| Japan | 0.1 | 0.1 | 0.7 | 0.6 | 81.7% |
| Nigeria | N/A | N/A | N/A | 0.6 | 0% |
| United Arab Emirates | 1.8 | 0.3 | 1.1 | 0.5 | -34.8% |
| Malaysia | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Cameroon | 1.2 | N/A | N/A | N/A | 0% |
| Azerbaijan | 1.6 | N/A | N/A | N/A | 0% |
| Georgia | 1.5 | 1.4 | N/A | N/A | -6.7% |
| Others | 4.3 | 6.0 | 4.6 | 4.0 | -2.4% |
| Total | 15.6 | 16.8 | 12.3 | 21.5 | 11.3% |
Top Export Markets for Bromides and Bromide Oxides; Other than Item No. 2827.51 from China in 2022:
- Saudi Arabia (2188.7 tons)
- South Korea (926.3 tons)
- Vietnam (550.5 tons)
- United Arab Emirates (197.1 tons)
- Nigeria (169.3 tons)
- Malaysia (136.2 tons)
- Indonesia (130.0 tons)
- Bangladesh (116.7 tons)
- Japan (112.6 tons)
- Pakistan (86.8 tons)
Imports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China
In 2022, imports of bromides and bromide oxides; other than item no. 2827.51s into China surged to 2.6K tons, picking up by 121% against 2021. Overall, imports, however, continue to indicate a noticeable contraction.
In value terms, imports of bromides and bromide oxides; other than item no. 2827.51s surged to $9.1M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.9% against 2020 indices.
| Import of Bromides and Bromide Oxides; Other than Item No. 2827.51 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.9 | 2.4 | 2.4 | 3.0 | 16.4% |
| Russia | N/A | 0.1 | 0.1 | 2.2 | 369.0% |
| Israel | 2.1 | 2.4 | 2.7 | 1.4 | -12.6% |
| India | 0.1 | N/A | 0.1 | 1.3 | 135.1% |
| Japan | 0.1 | 0.5 | 0.1 | 0.4 | 58.7% |
| Germany | 4.1 | 4.7 | 0.1 | N/A | -84.4% |
| Others | 0.4 | 0.4 | 0.3 | 0.7 | 20.5% |
| Total | 8.8 | 10.4 | 5.7 | 9.1 | 1.1% |
Top Suppliers of Bromides and Bromide Oxides; Other than Item No. 2827.51 to China in 2022:
- Russia (1181.6 tons)
- South Korea (630.5 tons)
- India (357.2 tons)
- Israel (317.5 tons)
- Japan (72.2 tons)
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