Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in China - 2023
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (FOB) - 2023
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (CIF) - 2022
- Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (FOB) - 2023
In June 2023, the average sodium hexafluoroaluminate (synthetic cryolite) export price amounted to $964 per ton, rising by 4.4% against the previous month. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 20% against the previous month. The export price peaked at $1,870 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the countries with the highest prices were South Korea ($1,218 per ton) and Kazakhstan ($1,163 per ton), while the average price for exports to Malaysia ($929 per ton) and the United Arab Emirates ($950 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (CIF) - 2022
The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $479 per ton in 2022, reducing by -68.7% against the previous year. In general, the import price, however, recorded a modest expansion. The growth pace was the most rapid in 2021 when the average import price increased by 399%. As a result, import price attained the peak level of $1,528 per ton, and then declined significantly 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 ($1,043 per ton), while the price for Poland ($232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), while the prices for the other major suppliers experienced a decline.
Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China
In 2022, shipments abroad of sodium hexafluoroaluminate (synthetic cryolite)s decreased by -25.2% to 14K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. As a result, the exports reached the peak of 22K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports dropped to $15M in 2022. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 163% against the previous year. As a result, the exports reached the peak of $27M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1.1 | 1.1 | 0.9 | 3.1 | 41.3% |
| Japan | 1.7 | 2.4 | 1.9 | 2.2 | 9.0% |
| Turkey | 1.4 | 5.0 | 0.8 | 2.0 | 12.6% |
| India | 1.3 | 2.2 | 1.3 | 1.2 | -2.6% |
| Venezuela | N/A | N/A | N/A | 1.2 | 0% |
| South Korea | 0.7 | 0.6 | 0.7 | 1.0 | 12.6% |
| Russia | 0.5 | 0.8 | 0.6 | 0.7 | 11.9% |
| Malaysia | 0.5 | 8.2 | 7.2 | 0.6 | 6.3% |
| Ghana | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| Philippines | 0.3 | 0.4 | 0.6 | 0.5 | 18.6% |
| Netherlands | 0.1 | 0.2 | 0.4 | 0.4 | 58.7% |
| Thailand | 0.5 | 0.8 | 0.8 | 0.4 | -7.2% |
| Tajikistan | 0.6 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 5.3 | 1.3 | 1.0 | -16.2% |
| Total | 10.3 | 27.0 | 16.7 | 14.6 | 12.3% |
Top Export Markets for Sodium Hexafluoroaluminate (Synthetic Cryolite) from China in 2022:
- Iran (3.5K tons)
- Turkey (2.1K tons)
- Japan (1.7K tons)
- Venezuela (1.2K tons)
- India (1.0K tons)
- Malaysia (0.7K tons)
- Russia (0.7K tons)
- Ghana (0.5K tons)
- Philippines (0.5K tons)
- Thailand (0.5K tons)
- Netherlands (0.4K tons)
- South Korea (0.4K tons)
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China
After two years of decline, supplies from abroad of sodium hexafluoroaluminate (synthetic cryolite)s increased by 990% to 2K tons in 2022. Overall, imports, however, continue to indicate a precipitous decrease.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports skyrocketed to $952K in 2022. Over the period under review, imports, however, continue to indicate a precipitous descent.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 183 | 57.5 | 20.0 | 468 | 36.8% |
| Taiwan (Chinese) | N/A | 0.7 | N/A | 378 | 2223.8% |
| Hungary | 302 | 190 | 94.6 | 60.1 | -41.6% |
| Poland | N/A | N/A | N/A | 35.8 | 0% |
| Norway | 309 | N/A | N/A | N/A | 0% |
| New Zealand | N/A | 70.1 | N/A | N/A | 0% |
| Mozambique | 674 | N/A | N/A | N/A | 0% |
| Denmark | 175 | 244 | N/A | N/A | 39.4% |
| United Arab Emirates | 1,522 | 184 | N/A | N/A | -87.9% |
| Australia | 859 | 187 | N/A | N/A | -78.2% |
| Others | 120 | 71.7 | 164 | 9.5 | -57.1% |
| Total | 4,145 | 1,005 | 279 | 952 | -38.8% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to China in 2022:
- Germany (1338.7 tons)
- Taiwan (Chinese) (429.9 tons)
- Poland (154.6 tons)
- Hungary (60.5 tons)
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