Price for Carbides, Whether or Not Chemically Defined in Finland - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in Finland (CIF) - 2023
- Price for Carbides, Whether or Not Chemically Defined in Finland (FOB) - 2022
- Imports of Carbides, Whether or Not Chemically Defined in Finland
- Exports of Carbides, Whether or Not Chemically Defined in Finland
Price for Carbides, Whether or Not Chemically Defined in Finland (CIF) - 2023
The average import price for carbides, whether or not chemically defineds stood at $3,059 per ton in October 2023, picking up by 99.9% against the previous month. Over the period under review, import price indicated a measured expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for carbides, whether or not chemically defineds increased by +100.0% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Norway ($3,706 per ton), while the price for China totaled $2,060 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carbides, Whether or Not Chemically Defined in Finland (FOB) - 2022
The average export price for carbides, whether or not chemically defineds stood at $4,720 per ton in 2022, growing by 22% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the maximum at $6,996 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($7,724 per ton), while the average price for exports to Turkey ($1,690 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 Russia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides, Whether or Not Chemically Defined in Finland
After three years of growth, purchases abroad of carbides, whether or not chemically defineds decreased by -3.9% to 3.4K tons in 2022. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year.
In value terms, imports of carbides, whether or not chemically defineds expanded significantly to $5.9M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Carbides, Whether or Not Chemically Defined in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,096 | 2,140 | 3,001 | 2,478 | 31.2% |
| Sweden | 1,131 | 65.0 | 410 | 1,591 | 12.0% |
| Norway | 613 | 610 | 975 | 559 | -3.0% |
| China | 30.0 | 66.4 | 208 | 413 | 139.7% |
| Slovakia | 158 | 173 | 18.5 | 313 | 25.6% |
| Ukraine | 0.7 | 0.7 | 186 | 149 | 497.1% |
| Czech Republic | N/A | N/A | 161 | 100 | -37.9% |
| Italy | 93.3 | 100 | 146 | 91.3 | -0.7% |
| India | 369 | 425 | 291 | 3.6 | -78.6% |
| Others | 233 | 126 | 188 | 169 | -10.2% |
| Total | 3,726 | 3,707 | 5,585 | 5,868 | 16.3% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to Finland in 2022:
- Germany (1301.5 tons)
- Sweden (950.9 tons)
- Slovakia (389.8 tons)
- China (244.7 tons)
- Norway (155.0 tons)
- Ukraine (100.2 tons)
- Italy (84.1 tons)
- Czech Republic (51.9 tons)
- India (2.6 tons)
Exports of Carbides, Whether or Not Chemically Defined in Finland
In 2022, exports of carbides, whether or not chemically defineds from Finland shrank dramatically to 12 tons, falling by -64.4% against the previous year. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 2,292% against the previous year. As a result, the exports attained the peak of 33 tons, and then dropped significantly in the following year.
In value terms, exports of carbides, whether or not chemically defineds declined sharply to $56K in 2022. In general, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2,863% against the previous year.
| Export of Carbides, Whether or Not Chemically Defined in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 16.4 | N/A | 42.6 | 34.3 | 27.9% |
| Russia | 88.7 | 3.8 | 38.4 | 11.8 | -49.0% |
| Turkey | N/A | N/A | 17.2 | 3.7 | -78.5% |
| Denmark | N/A | N/A | 19.8 | 2.5 | -87.4% |
| Norway | N/A | N/A | N/A | 1.8 | 0% |
| India | 104 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 0.6 | 10.0 | 1.6 | 2.2% |
| Total | 211 | 4.3 | 128 | 55.7 | -35.9% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from Finland in 2022:
- Indonesia (4.4 tons)
- Russia (3.7 tons)
- Turkey (2.2 tons)
- Norway (1.0 tons)
- Denmark (0.5 tons)
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