Price for Mineral Substances Not Elsewhere Specified or Included in China - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in China (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in China (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in China
- Exports of Mineral Substances Not Elsewhere Specified or Included in China
Price for Mineral Substances Not Elsewhere Specified or Included in China (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $476 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $482 per ton, and then shrank modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,107 per ton), while the price for Iran ($76 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in China (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $156 per ton in 2022, jumping by 38% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($542 per ton), while the average price for exports to Hong Kong SAR ($9.5 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 Indonesia (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in China
In 2022, imports of mineral substances not elsewhere specified or includeds into China skyrocketed to 19M tons, picking up by 437% compared with 2021 figures. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $9.2B in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,030 | 593 | 1,128 | 7,806 | 96.4% |
| United States | 64.0 | 122 | 316 | 566 | 106.8% |
| Brazil | 15.5 | 11.9 | 59.7 | 313 | 172.3% |
| Nigeria | 2.0 | 1.2 | 1.6 | 83.0 | 246.2% |
| Others | 147 | 136 | 232 | 440 | 44.1% |
| Total | 1,258 | 864 | 1,737 | 9,208 | 94.2% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to China in 2022:
- Australia (17.1M tons)
- Brazil (0.8M tons)
- United States (0.5M tons)
- Nigeria (0.3M tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in China
In 2022, overseas shipments of mineral substances not elsewhere specified or includeds decreased by -14.1% to 1.4M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of 1.6M tons, and then declined in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $218M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +46.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Mineral Substances Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 26.1 | 28.2 | 35.5 | 37.5 | 12.8% |
| South Korea | 23.9 | 22.5 | 24.6 | 24.8 | 1.2% |
| Malaysia | 15.3 | 11.5 | 17.2 | 19.4 | 8.2% |
| United States | 6.7 | 9.7 | 11.9 | 17.2 | 36.9% |
| India | 7.6 | 7.9 | 10.3 | 15.3 | 26.3% |
| Netherlands | 11.2 | 8.8 | 10.0 | 12.2 | 2.9% |
| Taiwan (Chinese) | 8.1 | 8.8 | 9.5 | 11.4 | 12.1% |
| Italy | 8.4 | 7.5 | 6.9 | 9.9 | 5.6% |
| Vietnam | 2.8 | 4.0 | 4.8 | 6.3 | 31.0% |
| Thailand | 2.9 | 2.8 | 3.2 | 5.8 | 26.0% |
| Hong Kong SAR | 2.5 | 2.5 | 6.8 | 2.6 | 1.3% |
| Egypt | 1.9 | 2.3 | 1.5 | 1.4 | -9.7% |
| Others | 37.6 | 32.5 | 41.2 | 54.3 | 13.0% |
| Total | 155 | 149 | 183 | 218 | 12.0% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from China in 2022:
- Hong Kong SAR (277.8K tons)
- Malaysia (187.2K tons)
- Taiwan (Chinese) (177.5K tons)
- South Korea (172.0K tons)
- Japan (165.9K tons)
- Italy (72.4K tons)
- United States (44.3K tons)
- India (41.2K tons)
- Thailand (34.5K tons)
- Netherlands (33.3K tons)
- Vietnam (22.2K tons)
- Egypt (14.7K tons)
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