China - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in China - 2023
Contents:
- Isocyanates Price in China (FOB) - 2023
- Isocyanates Price in China (CIF) - 2023
- Isocyanates Exports in China
- Isocyanates Imports in China
Isocyanates Price in China (FOB) - 2023
The average isocyanates export price stood at $2,617 per ton in June 2023, reducing by -3.3% against the previous month. Over the period under review, the export price showed a slight setback. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 5.3% m-o-m. The export price peaked at $3,092 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($6,522 per ton), while the average price for exports to the Philippines ($2,094 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Isocyanates Price in China (CIF) - 2023
The average isocyanates import price stood at $3,001 per ton in June 2023, growing by 4.5% against the previous month. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in December 2022 an increase of 36% month-to-month. Over the period under review, average import prices reached the maximum at $3,852 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($6,961 per ton), while the price for Saudi Arabia ($1,559 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.9%), while the prices for the other major suppliers experienced a decline.
Isocyanates Exports in China
In 2022, after three years of growth, there was decline in overseas shipments of isocyanates, when their volume decreased by -2.3% to 511K tons. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.6% 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 +89.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40% against the previous year.
In value terms, isocyanates exports rose rapidly to $1.4B in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 79%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Isocyanates in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 31.7 | 76.3 | 92.0 | 108 | 50.5% |
India | 49.3 | 57.1 | 84.8 | 103 | 27.8% |
United States | 48.9 | 37.4 | 97.6 | 90.5 | 22.8% |
Russia | 5.9 | 26.2 | 46.2 | 88.3 | 146.4% |
Vietnam | 61.7 | 70.2 | 106 | 85.3 | 11.4% |
South Korea | 31.6 | 28.9 | 38.2 | 62.2 | 25.3% |
Indonesia | 23.2 | 23.8 | 54.1 | 60.0 | 37.3% |
Japan | 20.9 | 17.9 | 47.6 | 58.8 | 41.2% |
Belgium | 25.5 | 9.6 | 52.0 | 54.1 | 28.5% |
Pakistan | 25.6 | 28.6 | 44.0 | 43.6 | 19.4% |
United Arab Emirates | 1.0 | 6.1 | 19.8 | 43.2 | 250.9% |
Turkey | 17.0 | 10.6 | 32.0 | 34.8 | 27.0% |
Philippines | 12.3 | 15.5 | 24.7 | 29.9 | 34.5% |
Others | 240 | 307 | 539 | 568 | 33.3% |
Total | 594 | 715 | 1,278 | 1,430 | 34.0% |
Top Export Markets for Isocyanates from China in 2022:
- Brazil (43.9K tons)
- Vietnam (34.2K tons)
- United States (33.9K tons)
- India (33.0K tons)
- Russia (32.2K tons)
- Indonesia (25.9K tons)
- Pakistan (17.9K tons)
- United Arab Emirates (16.7K tons)
- Japan (14.8K tons)
- Turkey (14.0K tons)
- Philippines (13.2K tons)
- Belgium (10.5K tons)
- South Korea (10.4K tons)
Isocyanates Imports in China
For the third year in a row, China recorded decline in purchases abroad of isocyanates, which decreased by -4.1% to 105K tons in 2022. Overall, imports saw a abrupt contraction.
In value terms, isocyanates imports shrank to $371M in 2022. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 16%.
Import of Isocyanates in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 187 | 149 | 181 | 173 | -2.6% |
South Korea | 111 | 87.4 | 116 | 88.7 | -7.2% |
Germany | 77.7 | 75.2 | 85.7 | 58.8 | -8.9% |
Saudi Arabia | 47.5 | 21.8 | 11.5 | 29.1 | -15.1% |
Others | 37.8 | 38.5 | 35.7 | 21.7 | -16.9% |
Total | 461 | 372 | 429 | 371 | -7.0% |
Top Suppliers of Isocyanates to China in 2022:
- Japan (43.7K tons)
- South Korea (37.2K tons)
- Saudi Arabia (16.2K tons)
- Germany (5.5K tons)
This report provides an in-depth analysis of the isocyanates market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20144450 - Isocyanates
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the isocyanates market in China.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in China.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
This report provides an in-depth analysis of the isocyanates market in China.
This report provides an in-depth analysis of the market for compounds with other nitrogen function in China.
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
China strengthens its leadership in global isocyanate exports. In 2020, Chinese supplies abroad grew by +20.4% y-o-y to $716M with rising purchases from Brazil, Russia, Peru, Vietnam and India. In physical terms, Chinese exports rose by +38% y-o-y to 376K tons. Brazil, Vietnam and Taiwan constitute the largest importers of isocyanates from China. Among the leading importing countries, Brazil featured the highest spike in purchases of Chinese isocyanates, boosting the imports by $45M. The average export price for isocyanates from China decreased by -13% y-o-y to $1,905 per ton in 2020.
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
In value terms, nitrile-function compounds exports totaled $X in 2016. In general, nitrile-function compounds exports continue to indicate a perceptible drop. Over the period under review, global n...
In value terms, nitrogen-function compounds exports totaled $X in 2016. In general, nitrogen-function compounds exports continue to indicate a temperate slump. Global nitrogen-function compounds ex...
China strengthens its leadership in global isocyanate exports. In 2020, Chinese supplies abroad grew by +20.4% y-o-y to $716M with rising purchases from Brazil, Russia, Peru, Vietnam and India. In physical terms, Chinese exports rose by +38% y-o-y to 376K tons. Brazil, Vietnam and Taiwan constitute the largest importers of isocyanates from China. Among the leading importing countries, Brazil featured the highest spike in purchases of Chinese isocyanates, boosting the imports by $45M. The average export price for isocyanates from China decreased by -13% y-o-y to $1,905 per ton in 2020.
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...