Price for Carbides, Whether or Not Chemically Defined in Japan - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in Japan (CIF) - 2022
- Price for Carbides, Whether or Not Chemically Defined in Japan (FOB) - 2023
- Imports of Carbides, Whether or Not Chemically Defined in Japan
- Exports of Carbides, Whether or Not Chemically Defined in Japan
Price for Carbides, Whether or Not Chemically Defined in Japan (CIF) - 2022
In 2022, the average import price for carbides, whether or not chemically defineds amounted to $4,490 per ton, growing by 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 China ($4,056 per ton), while the price for Vietnam amounted to $1,284 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%).
Price for Carbides, Whether or Not Chemically Defined in Japan (FOB) - 2023
The average export price for carbides, whether or not chemically defineds stood at $5,165 per ton in November 2023, waning by -13.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 33% m-o-m. The export price peaked at $6,633 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($22,907 per ton), while the average price for exports to Poland ($2,720 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides, Whether or Not Chemically Defined in Japan
In 2022, the amount of carbides, whether or not chemically defineds imported into Japan fell to 70K tons, waning by -10.5% on the previous year's figure. Over the period under review, imports showed a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of 79K tons, and then shrank in the following year.
In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $316M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +83.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Carbides, Whether or Not Chemically Defined in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 196 | 132 | 212 | 248 | 8.2% |
| Vietnam | 4.9 | 4.2 | 5.3 | 7.7 | 16.3% |
| Others | 62.1 | 36.5 | 47.7 | 61.0 | -0.6% |
| Total | 263 | 173 | 265 | 316 | 6.3% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to Japan in 2022:
- China (61.1K tons)
- Vietnam (6.0K tons)
Exports of Carbides, Whether or Not Chemically Defined in Japan
In 2022, exports of carbides, whether or not chemically defineds from Japan shrank to 10K tons, waning by -9.8% against the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of 11K tons, and then shrank in the following year.
In value terms, exports of carbides, whether or not chemically defineds reduced slightly to $50M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +50.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. As a result, the exports attained the peak of $51M, and then declined modestly in the following year.
| Export of Carbides, Whether or Not Chemically Defined in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 3.1 | 6.7 | 10.0 | 40.6% |
| Hungary | 5.5 | 4.7 | 13.5 | 8.5 | 15.6% |
| United States | 6.8 | 5.9 | 8.7 | 8.5 | 7.7% |
| South Korea | 5.0 | 4.5 | 4.8 | 6.6 | 9.7% |
| Taiwan (Chinese) | 1.1 | 3.0 | 4.0 | 3.5 | 47.1% |
| Mexico | 3.9 | 2.4 | 3.4 | 3.3 | -5.4% |
| Germany | 4.6 | 3.6 | 1.6 | 1.8 | -26.9% |
| Malaysia | 1.5 | 1.2 | 2.0 | 1.6 | 2.2% |
| Poland | 1.0 | 0.3 | 0.4 | 1.5 | 14.5% |
| Thailand | 0.8 | 0.7 | 1.1 | 1.1 | 11.2% |
| Indonesia | 0.9 | 0.7 | 0.9 | 1.0 | 3.6% |
| Italy | 0.9 | 1.1 | 0.9 | 0.9 | 0.0% |
| Others | 2.2 | 2.3 | 2.9 | 2.1 | -1.5% |
| Total | 37.8 | 33.4 | 51.0 | 50.4 | 10.1% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from Japan in 2022:
- Hungary (3640.0 tons)
- Mexico (1660.0 tons)
- South Korea (1189.0 tons)
- United States (1076.2 tons)
- Taiwan (Chinese) (601.2 tons)
- China (540.9 tons)
- Poland (537.0 tons)
- Malaysia (285.6 tons)
- Thailand (209.0 tons)
- Indonesia (167.3 tons)
- Italy (151.2 tons)
- Germany (93.4 tons)
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