Price for Poly(Lactic Acid); in Primary Forms in China - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in China (CIF) - 2023
- Price for Poly(Lactic Acid); in Primary Forms in China (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in China
- Exports of Poly(Lactic Acid); in Primary Forms in China
Price for Poly(Lactic Acid); in Primary Forms in China (CIF) - 2023
The average import price for poly(lactic acid); in primary formses stood at $2,731 per ton in June 2023, remaining constant against the previous month. Over the period under review, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in July 2022 when the average import price increased by 31% m-o-m. As a result, import price reached the peak level of $4,160 per ton. From August 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($2,713 per ton), while the price for the United States stood at $2,656 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (-1.4%).
Price for Poly(Lactic Acid); in Primary Forms in China (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $3,218 per ton in 2022, reducing by -12.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $3,690 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,416 per ton), while the average price for exports to Malaysia ($2,208 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 Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Poly(Lactic Acid); in Primary Forms in China
In 2022, purchases abroad of poly(lactic acid); in primary formses decreased by -24.2% to 19K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8.5% against the previous year. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, poly(lactic acid); in primary forms imports shrank significantly to $66M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 40%.
| Import of Poly(Lactic Acid); in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 12.1 | 41.7 | 49.0 | 29.6 | 34.7% |
| United States | 39.8 | 30.7 | 30.6 | 29.1 | -9.9% |
| Others | 6.6 | 9.7 | 6.5 | 7.2 | 2.9% |
| Total | 58.4 | 82.1 | 86.1 | 65.9 | 4.1% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to China in 2022:
- Thailand (9.1K tons)
- United States (9.0K tons)
Exports of Poly(Lactic Acid); in Primary Forms in China
Poly(lactic acid); in primary forms exports from China surged to 9.1K tons in 2022, growing by 42% against 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 120%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, poly(lactic acid); in primary forms exports skyrocketed to $29M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 128% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Poly(Lactic Acid); in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.0 | 2.1 | 6.2 | 9.3 | 110.3% |
| Taiwan (Chinese) | 2.2 | 1.8 | 4.0 | 7.1 | 47.8% |
| Italy | 0.9 | 1.9 | 6.5 | 4.3 | 68.4% |
| Japan | 0.6 | 0.9 | 0.7 | 2.2 | 54.2% |
| India | 0.9 | 0.1 | 0.2 | 0.8 | -3.9% |
| Malaysia | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| United States | 0.8 | 0.3 | 0.2 | 0.3 | -27.9% |
| Others | 2.4 | 2.9 | 5.1 | 4.8 | 26.0% |
| Total | 9.2 | 10.3 | 23.5 | 29.1 | 46.8% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from China in 2022:
- United States (undefinedK tons)
- South Korea (3.0K tons)
- Taiwan (Chinese) (2.6K tons)
- Italy (1.6K tons)
- Japan (0.8K tons)
- India (0.2K tons)
- Malaysia (0.2K tons)
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