Price for Carbides, Whether or Not Chemically Defined in the United States - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in the United States (CIF) - 2023
- Price for Carbides, Whether or Not Chemically Defined in the United States (FOB) - 2022
- Imports of Carbides, Whether or Not Chemically Defined in the United States
- Exports of Carbides, Whether or Not Chemically Defined in the United States
Price for Carbides, Whether or Not Chemically Defined in the United States (CIF) - 2023
In December 2023, the average import price for carbides, whether or not chemically defineds amounted to $1,991 per ton, shrinking by -79.7% against the previous month. Over the period under review, the import price showed a drastic downturn. The pace of growth appeared the most rapid in March 2023 an increase of 386% month-to-month. As a result, import price attained the peak level of $12,772 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Norway ($35,622 per ton), while the price for China ($1,156 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Norway (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Carbides, Whether or Not Chemically Defined in the United States (FOB) - 2022
In 2022, the average export price for carbides, whether or not chemically defineds amounted to $3,549 per ton, with an increase of 12% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 31%. As a result, the export price reached the peak level of $5,121 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($19,046 per ton), while the average price for exports to Norway ($1,459 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 Japan (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides, Whether or Not Chemically Defined in the United States
In 2022, the amount of carbides, whether or not chemically defineds imported into the United States surged to 177K tons, with an increase of 33% on the previous year's figure. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $480M in 2022. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbides, Whether or Not Chemically Defined in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 135 | 74.3 | 111 | 241 | 21.3% |
| South Africa | 96.4 | 29.2 | 48.6 | 64.6 | -12.5% |
| Norway | 17.5 | 17.9 | 29.5 | 62.3 | 52.7% |
| Canada | 23.5 | 11.1 | 24.0 | 20.3 | -4.8% |
| Brazil | 15.1 | 10.5 | 10.8 | 15.2 | 0.2% |
| Netherlands | 4.9 | 1.9 | N/A | N/A | -61.2% |
| Others | 57.5 | 53.4 | 65.2 | 77.1 | 10.3% |
| Total | 350 | 198 | 289 | 480 | 11.1% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to the United States in 2022:
- China (149.0K tons)
- Brazil (7.1K tons)
- Norway (6.0K tons)
- Canada (4.3K tons)
- South Africa (3.4K tons)
Exports of Carbides, Whether or Not Chemically Defined in the United States
In 2022, approx. 25K tons of carbides, whether or not chemically defineds were exported from the United States; with an increase of 8.8% against the previous year. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of carbides, whether or not chemically defineds skyrocketed to $88M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Carbides, Whether or Not Chemically Defined in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 34.7 | 26.5 | 31.7 | 35.9 | 1.1% |
| Germany | 11.9 | 6.2 | 9.0 | 11.8 | -0.3% |
| Mexico | 6.0 | 3.2 | 4.8 | 8.2 | 11.0% |
| Japan | 8.7 | 6.4 | 7.0 | 7.5 | -4.8% |
| United Kingdom | 2.2 | 1.3 | 0.9 | 2.0 | -3.1% |
| Norway | 1.5 | 1.1 | 1.7 | 1.6 | 2.2% |
| Others | 23.0 | 16.4 | 16.9 | 20.7 | -3.5% |
| Total | 88.1 | 61.2 | 72.0 | 87.6 | -0.2% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from the United States in 2022:
- Canada (16.6K tons)
- Mexico (3.9K tons)
- Norway (1.1K tons)
- Germany (0.9K tons)
- United Kingdom (0.7K tons)
- Japan (0.4K tons)
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