Price for Cellulose Acetates; Plasticised, in Primary Forms in China - 2023

Contents:

  1. Price for Cellulose Acetates; Plasticised, in Primary Forms in China (CIF) - 2023
  2. Price for Cellulose Acetates; Plasticised, in Primary Forms in China (FOB) - 2022
  3. Imports of Cellulose Acetates; Plasticised, in Primary Forms in China
  4. Exports of Cellulose Acetates; Plasticised, in Primary Forms in China

Price for Cellulose Acetates; Plasticised, in Primary Forms in China (CIF) - 2023

In December 2023, the average import price for cellulose acetates; plasticised, in primary formses amounted to $5,082 per ton, which is down by -29.2% against the previous month. Overall, the import price recorded a noticeable slump. The pace of growth was the most pronounced in October 2023 an increase of 63% month-to-month. As a result, import price reached the peak level of $11,328 per ton. From November 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,534 per ton), while the price for the United States ($3,423 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Cellulose Acetates; Plasticised, in Primary Forms in China (FOB) - 2022

The average export price for cellulose acetates; plasticised, in primary formses stood at $4,195 per ton in 2022, waning by -3.6% against the previous year. Overall, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $5,082 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($7,280 per ton), while the average price for exports to Singapore ($560 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 India (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Acetates; Plasticised, in Primary Forms in China

In 2022, imports of cellulose acetates; plasticised, in primary formses into China declined markedly to 850 tons, with a decrease of -16% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of 1K tons, and then shrank notably in the following year.

In value terms, imports of cellulose acetates; plasticised, in primary formses fell sharply to $4.6M in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of $6.2M, and then contracted dramatically in the following year.

Import of Cellulose Acetates; Plasticised, in Primary Forms in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.31.31.72.1-3.0%
Japan1.20.81.01.610.1%
Italy1.32.03.30.8-14.9%
Germany0.1N/AN/AN/A0%
OthersN/A0.20.30.1-29.3%
Total5.04.46.24.6-2.7%

Top Suppliers of Cellulose Acetates; Plasticised, in Primary Forms to China in 2022:

  1. Japan (406.8 tons)
  2. United States (319.8 tons)
  3. Italy (114.5 tons)
  4. Germany (0.1 tons)

Exports of Cellulose Acetates; Plasticised, in Primary Forms in China

In 2022, approx. 228 tons of cellulose acetates; plasticised, in primary formses were exported from China; falling by -46.1% on 2021. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year.

In value terms, exports of cellulose acetates; plasticised, in primary formses contracted sharply to $956K in 2022. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $1.8M, and then contracted significantly in the following year.

Export of Cellulose Acetates; Plasticised, in Primary Forms in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)1,0975311,241561-20.0%
India1012.580.015014.1%
Vietnam68.111313412522.4%
Hong Kong SAR30618018120.3-59.5%
South Korea57.771.085.312.9-39.3%
UzbekistanN/AN/AN/A9.80%
United States0.6N/AN/A4.798.6%
SingaporeN/AN/A18.63.0-83.9%
Others20917510169.5-30.7%
Total1,8391,0731,840956-19.6%

Top Export Markets for Cellulose Acetates; Plasticised, in Primary Forms from China in 2022:

  1. Taiwan (Chinese) (133.1 tons)
  2. India (46.0 tons)
  3. Vietnam (17.2 tons)
  4. United States (6.1 tons)
  5. Singapore (5.3 tons)
  6. South Korea (5.0 tons)
  7. Uzbekistan (4.9 tons)
  8. Hong Kong SAR (3.0 tons)

Source: IndexBox Market Intelligence Platform

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