Price for Alkaloids, Vegetable; Norephedrine and Its Salts in India - 2023
Contents:
- Price for Alkaloids, Vegetable; Norephedrine and Its Salts in India (FOB) - 2023
- Exports of Alkaloids, Vegetable; Norephedrine and Its Salts in India
Price for Alkaloids, Vegetable; Norephedrine and Its Salts in India (FOB) - 2023
The average export price for alkaloids, vegetable; norephedrine and its saltses stood at $92,552 per ton in October 2023, flattening at the previous month. In general, the export price posted a modest expansion. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 26% against the previous month. The export price peaked at $152K per ton in April 2023; however, from May 2023 to October 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 Japan ($245K per ton), while the average price for exports to Indonesia ($59,925 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Alkaloids, Vegetable; Norephedrine and Its Salts in India
In 2022, overseas shipments of alkaloids, vegetable; norephedrine and its saltses decreased by -17.1% to 20 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
In value terms, exports of alkaloids, vegetable; norephedrine and its saltses contracted to $2.1M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. As a result, the exports attained the peak of $2.4M, and then shrank in the following year.
| Export of Alkaloids, Vegetable; Norephedrine and Its Salts in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 974 | 774 | 1,142 | 1,226 | 8.0% |
| Denmark | 55.7 | 123 | 629 | 364 | 87.0% |
| Philippines | 118 | 155 | 33.4 | 277 | 32.9% |
| Japan | 301 | 444 | 313 | 195 | -13.5% |
| Indonesia | 1.9 | 349 | 200 | N/A | 926.0% |
| Egypt | 95.2 | 11.9 | 68.8 | N/A | -15.0% |
| Angola | 13.9 | N/A | N/A | N/A | 0% |
| Others | 21.9 | 23.9 | 47.1 | 19.0 | -4.6% |
| Total | 1,581 | 1,881 | 2,433 | 2,081 | 9.6% |
Top Export Markets for Alkaloids, Vegetable; Norephedrine and Its Salts from India in 2022:
- United States (11.8 tons)
- Philippines (4.3 tons)
- Denmark (2.8 tons)
- Japan (1.1 tons)
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