Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China - 2023

Contents:

  1. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (FOB) - 2023
  2. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (CIF) - 2023
  3. Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China
  4. Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (FOB) - 2023

The average export price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $2,370 per ton in December 2023, standing approximately at the previous month. Overall, the export price recorded a slight setback. The pace of growth appeared the most rapid in October 2023 an increase of 7.2% against the previous month. The export price peaked at $2,780 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3,571 per ton), while the average price for exports to South Africa ($1,294 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 Thailand (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (CIF) - 2023

The average import price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $8,715 per ton in December 2023, growing by 5.6% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 34% m-o-m. As a result, import price reached the peak level of $11,204 per ton. From August 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 the Netherlands ($17,275 per ton), while the price for Turkey ($1,400 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 France (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China

In 2022, the amount of cellulose ethers; carboxymethylcellulose and its salts, in primary formses exported from China skyrocketed to 106K tons, increasing by 31% against the previous year's figure. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses skyrocketed to $309M in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India19.521.323.231.817.7%
United States12.78.111.329.131.8%
Japan10.711.018.524.231.3%
Saudi Arabia4.71.91.916.351.4%
Russia15.611.97.214.5-2.4%
South Africa6.86.99.113.926.9%
Thailand9.39.112.113.212.4%
Indonesia5.24.78.113.035.7%
Taiwan (Chinese)4.55.96.010.130.9%
South Korea6.87.110.510.013.7%
Bangladesh4.24.44.98.325.5%
Canada3.11.65.47.634.8%
Pakistan5.84.95.66.53.9%
Others78.563.885.111011.9%
Total18816320930918.0%

Top Export Markets for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms from China in 2022:

  1. India (10.1K tons)
  2. United States (9.1K tons)
  3. Thailand (7.2K tons)
  4. Saudi Arabia (6.7K tons)
  5. Japan (5.6K tons)
  6. South Africa (5.0K tons)
  7. Russia (4.8K tons)
  8. Indonesia (4.1K tons)
  9. South Korea (2.8K tons)
  10. Canada (2.7K tons)
  11. Bangladesh (2.7K tons)
  12. Pakistan (2.5K tons)
  13. Taiwan (Chinese) (2.5K tons)

Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China

After three years of growth, purchases abroad of cellulose ethers; carboxymethylcellulose and its salts, in primary formses decreased by -6.9% to 7.1K tons in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 7.7K tons, and then reduced in the following year.

In value terms, imports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses shrank slightly to $58M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports reached the peak of $59M, and then dropped modestly in the following year.

Import of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan16.521.532.930.723.0%
United States4.52.87.06.613.6%
Germany2.63.63.74.721.8%
France2.13.24.63.821.9%
Finland3.42.03.42.9-5.2%
Netherlands2.73.12.62.70.0%
Turkey1.31.51.31.54.9%
Others1.92.83.15.038.1%
Total34.940.558.758.018.4%

Top Suppliers of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms to China in 2022:

  1. Japan (2991.5 tons)
  2. France (848.2 tons)
  3. Finland (786.7 tons)
  4. Turkey (729.5 tons)
  5. United States (577.8 tons)
  6. Germany (446.6 tons)
  7. Netherlands (173.8 tons)

Source: IndexBox Market Intelligence Platform

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