Price for Cellulose Nitrates (Including Collodions); in Primary Forms in China - 2023

Contents:

  1. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in China (FOB) - 2023
  2. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in China (CIF) - 2022
  3. Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in China
  4. Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in China

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in China (FOB) - 2023

In December 2023, the average export price for cellulose nitrates (including collodions); in primary formses amounted to $3,970 per ton, increasing by 22% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was France ($5,370 per ton), while the average price for exports to Vietnam ($2,819 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in China (CIF) - 2022

In 2022, the average import price for cellulose nitrates (including collodions); in primary formses amounted to $6,888 per ton, increasing by 16% against the previous year. Over the period under review, the import price saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($11,350 per ton), while the price for India ($3,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in China

In 2022, exports of cellulose nitrates (including collodions); in primary formses from China contracted to 24K tons, which is down by -14.7% compared with 2021. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of 28K tons, and then declined in the following year.

In value terms, exports of cellulose nitrates (including collodions); in primary formses rose significantly to $69M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +51.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Cellulose Nitrates (Including Collodions); in Primary Forms in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam14.414.418.016.44.4%
United States6.75.511.215.432.0%
FranceN/A0.34.85.9343.5%
RussiaN/AN/AN/A3.30%
Saudi Arabia1.82.43.23.221.1%
Malaysia3.63.12.42.5-11.4%
Turkey4.01.91.32.3-16.8%
Indonesia4.01.91.92.1-19.3%
Pakistan3.02.12.41.8-15.7%
Egypt0.91.31.31.621.1%
Algeria0.31.61.21.467.1%
Canada0.31.61.91.363.0%
United Arab Emirates2.92.12.11.1-27.6%
Others8.57.211.810.57.3%
Total50.245.563.668.811.1%

Top Export Markets for Cellulose Nitrates (Including Collodions); in Primary Forms from China in 2022:

  1. United States (6.1K tons)
  2. Vietnam (5.9K tons)
  3. France (2.0K tons)
  4. Saudi Arabia (1.2K tons)
  5. Malaysia (1.0K tons)
  6. Indonesia (0.8K tons)
  7. Turkey (0.7K tons)
  8. Russia (0.7K tons)
  9. Pakistan (0.6K tons)
  10. Canada (0.5K tons)
  11. Egypt (0.5K tons)
  12. Algeria (0.4K tons)
  13. United Arab Emirates (0.4K tons)

Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in China

Imports of cellulose nitrates (including collodions); in primary formses into China dropped rapidly to 81 tons in 2022, falling by -56.8% compared with the year before. Overall, imports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 when imports increased by 60%.

In value terms, imports of cellulose nitrates (including collodions); in primary formses reduced dramatically to $557K in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of $1.1M, and then shrank sharply in the following year.

Import of Cellulose Nitrates (Including Collodions); in Primary Forms in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand427216424225-19.2%
Germany146127363127-4.5%
India48.332.233.493.724.7%
Japan97.810210686.2-4.1%
South Korea71.57.238.72.2-68.7%
Taiwan (Chinese)49.04.5N/A0.5-78.3%
VietnamN/AN/A64.6N/A0%
Finland50.0N/AN/AN/A0%
ItalyN/A29.2N/AN/A0%
Others39.732.987.722.7-17.0%
Total9295511,117557-15.7%

Top Suppliers of Cellulose Nitrates (Including Collodions); in Primary Forms to China in 2022:

  1. Thailand (44.0 tons)
  2. India (27.4 tons)
  3. Japan (7.6 tons)
  4. Germany (1.0 tons)
  5. South Korea (0.3 tons)
  6. Taiwan (Chinese) (0.1 tons)

Source: IndexBox Market Intelligence Platform

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