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 Electric Blanket Import in United States Grows Dramatically to $422K in April 2023

september frozen mirrors unit copper blanket console
Global Trade Daily, United States news

 Electric Blanket Import in United States Grows Dramatically to $422K in April 2023

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U.S. Electric Blanket Imports

In April 2023, after seven months of decline, there was significant growth in purchases abroad of electric blankets, when their volume increased by 44% to 25K units. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in July 2022 with an increase of 343% against the previous month. Over the period under review, imports reached the maximum at 2.1M units in August 2022; however, from September 2022 to April 2023, imports remained at a lower figure.

In value terms, electric blanket imports soared to $422K (IndexBox estimates) in April 2023. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in July 2022 when imports increased by 359% month-to-month. Imports peaked at 37M units in August 2022; however, from September 2022 to April 2023, imports stood at a somewhat lower figure.

Imports by Country

In April 2023, China (25K units) was the main supplier of electric blanket to the United States, accounting for a approximately 99.9% share of total imports.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China amounted to -8.8%.

In value terms, China ($410K) constituted the largest supplier of electric blanket to the United States.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from China amounted to -8.2%.

Import Prices by Country

In April 2023, the electric blanket price stood at $16.9 per unit (CIF, US), increasing by 122% against the previous month. Over the period under review, import price indicated a mild increase from April 2022 to April 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, electric blanket import price increased by +121.6% against March 2023 indices. Over the period under review, average import prices attained the peak figure at $19.8 per unit in July 2022; however, from August 2022 to April 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From April 2022 to April 2023, the rate of growth in terms of prices for China amounted to +0.7% per month.

Source: IndexBox Market Intelligence Platform 

april
Global Trade Daily, United states news

U.S. Concentrated Orange Juice Import Slumps to $48M in April 2023

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U.S. Concentrated Orange Juice Imports

In April 2023, supplies from abroad of concentrated orange juice decreased by -61.3% to 16K tons for the first time since January 2023, thus ending a two-month rising trend. In general, imports showed a deep setback. The most prominent rate of growth was recorded in December 2022 when imports increased by 206% against the previous month.

In value terms, concentrated orange juice imports declined rapidly to $48M (IndexBox estimates) in April 2023. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in October 2022 with an increase of 130% m-o-m.

Imports by Country

In April 2023, Mexico (9.2K tons) constituted the largest supplier of concentrated orange juice to the United States, with a 56% share of total imports. Moreover, concentrated orange juice imports from Mexico exceeded the figures recorded by the second-largest supplier, Costa Rica (4.1K tons), twofold.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Mexico amounted to -8.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-2.3% per month) and Brazil (+12.0% per month).

In value terms, Mexico ($29M) constituted the largest supplier of concentrated orange juice to the United States, comprising 61% of total imports. The second position in the ranking was held by Costa Rica ($11M), with a 23% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of value from Mexico amounted to -5.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (+0.9% per month) and Brazil (+11.3% per month).

Import Prices by Country

In April 2023, the concentrated orange juice price amounted to $2,920 per ton (CIF, US), surging by 18% against the previous month. Overall, the import price showed a pronounced increase. The growth pace was the most rapid in July 2022 when the average import price increased by 117% month-to-month. As a result, import price attained the peak level of $4,563 per ton. From August 2022 to April 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($3,139 per ton), while the price for Brazil ($2,507 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform 

mackerel
Global Trade Daily, Market insight

Spain’s Preserved Mackerel Price Rises Slightly to $5,212 per Ton

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Spain Preserved Mackerel Import Price in February 2023

In February 2023, the preserved mackerel price amounted to $5,212 per ton (CIF, Spain), growing by 2.3% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices hit record highs at $5,780 per ton in March 2022; however, from April 2022 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($7,610 per ton), while the price for Ecuador ($804 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Spain Preserved Mackerel Imports

After two months of growth, purchases abroad of mackerel (prepared or preserved) decreased by -39% to 264 tons in February 2023. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in May 2022 when imports increased by 267% month-to-month.

In value terms, preserved mackerel imports reduced sharply to $1.4M (IndexBox estimates) in February 2023. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in May 2022 when imports increased by 260% m-o-m. As a result, imports attained the peak of $2.9M. From June 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Spain Preserved Mackerel Imports by Country

Portugal (102 tons), Cabo Verde (81 tons) and China (47 tons) were the main suppliers of preserved mackerel imports to Spain, with a combined 87% share of total imports. These countries were followed by France, Germany, Morocco and Ecuador, which together accounted for a further 12%.

From February 2022 to February 2023, the biggest increases were in Germany (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel suppliers to Spain were Cabo Verde ($603K), Portugal ($433K) and China ($140K), with a combined 85% share of total imports. France, Germany, Morocco and Ecuador lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Germany, with a CAGR of +59.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other  leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

Global Trade Daily, News, United states news

 U.S. Video Projector Import Rises Remarkably to $101M in March 2023

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 U.S. Video Projector Imports

In March 2023, the amount of video projectors imported into the United States soared to 102K units, increasing by 27% on February 2023 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when imports increased by 72% against the previous month. Over the period under review, imports hit record highs at 163K units in September 2022; however, from October 2022 to March 2023, imports failed to regain momentum.

In value terms, video projector imports soared to $101M (IndexBox estimates) in March 2023. Over the period under review, total imports indicated a pronounced expansion from March 2022 to March 2023: its value increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +30.9% against February 2023 indices. The most prominent rate of growth was recorded in July 2022 with an increase of 43% month-to-month. Over the period under review, imports hit record highs at 121M units in September 2022; however, from October 2022 to March 2023, imports stood at a somewhat lower figure.

Imports by Country

China (55K units), the Philippines (42K units) and Vietnam (1.7K units) were the main suppliers of video projector imports to the United States, with a combined 96% share of total imports.

From March 2022 to March 2023, the biggest increases were in the Philippines (with a CAGR of +4.9%), while purchases for the other leaders experienced a decline.

In value terms, the Philippines ($39M), China ($32M) and Vietnam ($4.8M) appeared to be the largest video projector suppliers to the United States, with a combined 75% share of total imports.

In terms of the main suppliers, the Philippines, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In March 2023, the video projector price amounted to $997 per unit (CIF, US), picking up by 3% against the previous month. Overall, import price indicated a pronounced increase from March 2022 to March 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, video projector import price decreased by -8.8% against December 2022 indices. The pace of growth was the most pronounced in November 2022 an increase of 43% against the previous month. The import price peaked at $1,093 per unit in December 2022; however, from January 2023 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Vietnam ($2,798 per unit), while the price for China ($595 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

gloves
Global Trade Daily, United states news

Gloves Import in United States Bottoms at $16M in March 2023

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U.S. Gloves Imports

In March 2023, gloves imports into the United States declined dramatically to 6.6M pairs, with a decrease of -18.2% against February 2023. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in May 2022 when imports increased by 28% month-to-month. Over the period under review, imports hit record highs at 19M pairs in August 2022; however, from September 2022 to March 2023, imports remained at a lower figure.

In value terms, gloves imports fell to $16M (IndexBox estimates) in March 2023. In general, imports showed a deep contraction. The pace of growth was the most pronounced in August 2022 with an increase of 46% month-to-month. As a result, imports attained the peak of $62M. From September 2022 to March 2023, the growth of imports failed to regain momentum.

Imports by Country

China (2.5M pairs), Pakistan (1.9M pairs) and Vietnam (655K pairs) were the main suppliers of gloves imports to the United States, with a combined 76% share of total imports. These countries were followed by Indonesia, Bangladesh, Cambodia and the Philippines, which together accounted for a further 20%.

From March 2022 to March 2023, the biggest increases were in Bangladesh (with a CAGR of +1.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest gloves suppliers to the United States were China ($4.9M), Vietnam ($3.8M) and Pakistan ($2.5M), with a combined 72% share of total imports. These countries were followed by Indonesia, Cambodia, Bangladesh and the Philippines, which together accounted for a further 21%.

Among the main suppliers, Bangladesh, with a CAGR of +0.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In March 2023, the gloves price stood at $2.4 per pair (CIF, US), increasing by 8.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 18% against the previous month. Over the period under review, average import prices attained the maximum at $3.3 per pair in September 2022; however, from October 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($5.9 per pair), while the price for Bangladesh ($691 per thousand pairs) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

chocolate
Global Trade Daily, Market insight

The Netherlands’s Chocolate and Confectionery Price Reduces Slightly to $4,465 per Ton

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Netherlands Chocolate And Confectionery Export Price in February 2023

In February 2023, the chocolate and confectionery price amounted to $4,465 per ton (FOB, Netherlands), almost unchanged from the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 5.8% m-o-m. As a result, the export price attained the peak level of $4,506 per ton, leveling off in the following month. \

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,438 per ton), while the average price for exports to Russia ($3,503 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Netherlands Chocolate And Confectionery Exports

Chocolate and confectionery exports from the Netherlands dropped to 102K tons in February 2023, falling by -3.5% against the previous month’s figure. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 with an increase of 16% against the previous month.

In value terms, chocolate and confectionery exports declined to $458M (IndexBox estimates) in February 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 with an increase of 17% against the previous month.

Netherlands Chocolate And Confectionery Exports by Country

Germany (20K tons), Belgium (12K tons) and France (11K tons) were the main destinations of chocolate and confectionery exports from the Netherlands, together accounting for 43% of total exports. These countries were followed by the UK, the United States, Italy, Spain, Poland, Turkey, Ukraine, Saudi Arabia, Russia and Switzerland, which together accounted for a further 32%.

From February 2022 to February 2023, the biggest increases were in Spain (with a CAGR of +5.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from the Netherlands were Germany ($91M), Belgium ($58M) and France ($47M), with a combined 43% share of total exports. These countries were followed by the UK, the United States, Italy, Poland, Spain, Turkey, Saudi Arabia, Switzerland, Ukraine and Russia, which together accounted for a further 31%.

Saudi Arabia, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

september frozen mirrors unit copper blanket console
Global Trade Daily, Imports/Exports, United states news

 Copper Stranded Wire Export in United States Skyrocket 16% to New Record of $44M in March 2023

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 U.S. Copper Stranded Wire Exports

Copper stranded wire exports from the United States soared to 3.4K tons in March 2023, with an increase of 21% compared with the previous month’s figure. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper stranded wire exports soared to $44M (IndexBox estimates) in March 2023. The total export value increased at an average monthly rate of +1.4% over the period from March 2022 to March 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in January 2023 with an increase of 20% m-o-m. Over the period under review, the exports hit record highs in March 2023.

Exports by Country

Mexico (1.8K tons) and Canada (1.3K tons) were the main destinations of copper stranded wire exports from the United States.

From March 2022 to March 2023, the biggest increases were in Mexico (with a CAGR of +2.0%).

In value terms, Mexico ($23M) and Canada ($17M) were the largest markets for copper stranded wire exported from the United States worldwide.

Among the main countries of destination, Mexico, with a CAGR of +3.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In March 2023, the copper stranded wire price stood at $12,995 per ton (FOB, US), reducing by -3.9% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 15% m-o-m. The export price peaked at $14,171 per ton in May 2022; however, from June 2022 to March 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In March 2023, the country with the highest price was Mexico ($12,665 per ton), while the average price for exports to Canada amounted to $12,569 per ton.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.1%).

Source: IndexBox Market Intelligence Platform  

imports
Global Trade Daily

U.S. Umbrella Import Plummets 18% to $55M in March 2023

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 U.S. Umbrella Imports

In March 2023, after two months of growth, there was significant decline in supplies from abroad of umbrellas, when their volume decreased by -7.7% to 12M units. Over the period under review, total imports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +38.2% against December 2022 indices. The pace of growth appeared the most rapid in April 2022 with an increase of 77% m-o-m. As a result, imports attained the peak of 18M units. From May 2022 to March 2023, the growth of imports remained at a somewhat lower figure.

In value terms, umbrella imports fell significantly to $55M (IndexBox estimates) in March 2023. In general, imports recorded a perceptible setback. The growth pace was the most rapid in December 2022 with an increase of 28% against the previous month. Imports peaked at 89M units in April 2022; however, from May 2022 to March 2023, imports remained at a lower figure.

Imports by Country

In March 2023, China (12M units) was the main umbrella supplier to the United States, accounting for a 98% share of total imports. It was followed by Cambodia (120K units), with a 1% share of total imports.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from China stood at +1.3%.

In value terms, China ($52M) constituted the largest supplier of umbrella to the United States, comprising 95% of total imports. The second position in the ranking was taken by Cambodia ($1.4M), with a 2.5% share of total imports.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from China stood at -3.5%.

Imports by Type

In March 2023, umbrellas having a telescopic shaft (excluding garden umbrellas) (7.6M units) constituted the largest type of umbrella supplied to the United States, accounting for a 65% share of total imports. Moreover, umbrellas having a telescopic shaft (excluding garden umbrellas) exceeded the figures recorded for the second-largest type, garden or similar umbrellas (2.4M units), threefold.

From March 2022 to March 2023, the average monthly growth rate of the volume of import of umbrellas having a telescopic shaft (excluding garden umbrellas) stood at +4.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: garden or similar umbrellas (-2.7% per month) and umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (-2.9% per month).

In value terms, garden or similar umbrellas ($44M) constituted the largest type of umbrella supplied to the United States, comprising 79% of total imports. The second position in the ranking was taken by umbrellas having a telescopic shaft (excluding garden umbrellas) ($7.5M), with a 14% share of total imports.

Import Prices by Country

In March 2023, the umbrella price amounted to $4.7 per unit (CIF, US), falling by -11.2% against the previous month. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in October 2022 when the average import price increased by 79% against the previous month. Over the period under review, average import prices hit record highs at $8.1 per unit in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($11.4 per unit), while the price for China stood at $4.5 per unit.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+4.4%).

Source: IndexBox Market Intelligence Platform 

september frozen mirrors unit copper blanket console
Global Trade Daily, Market insight

Passenger Car Price in UK Increases to $36,155 per Unit

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 United Kingdom Passenger Car Import Price in February 2023

In February 2023, the passenger car price stood at $36,155 per unit (CIF, United Kingdom), rising by 8.9% against the previous month. In general, import price indicated a moderate increase from February 2022 to February 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, passenger car import price decreased by -3.1% against December 2022 indices. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 31% month-to-month. As a result, import price reached the peak level of $37.5M per thousand units. From April 2022 to February 2023, the average import prices failed to regain momentum. \

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($36,135 per unit), while the price for Japan ($18,073 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

United Kingdom Passenger Car Imports

In February 2023, overseas purchases of passenger cars increased by 28% to 129K units for the first time since November 2022, thus ending a two-month declining trend. In general, imports, however, saw a pronounced setback. The growth pace was the most rapid in November 2022 when imports increased by 66% m-o-m. Over the period under review, imports hit record highs at 174K units in February 2022; however, from March 2022 to February 2023, imports remained at a lower figure.

In value terms, passenger car imports surged to $4.7B (IndexBox estimates) in February 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 52% against the previous month. Imports peaked at 5.3B units in March 2022; however, from April 2022 to February 2023, imports stood at a somewhat lower figure.

United Kingdom Passenger Car Imports by Country

China (24K units), Spain (21K units) and the Czech Republic (12K units) were the main suppliers of passenger car imports to the UK, together accounting for 45% of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car suppliers to the UK were China ($596M), Spain ($450M) and Slovakia ($366M), with a combined 30% share of total imports. These countries were followed by the Czech Republic, South Korea, Japan, Hungary, Belgium, Romania, Turkey, Mexico, the United States and Portugal, which together accounted for a further 31%.

Among the main suppliers, Mexico, with a CAGR of +5.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

 

 

september frozen mirrors unit copper blanket console
Global Trade Daily, Market insight, United states news

 U.S. Prisms and Mirrors Export Soars to $109M in March 2023

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U.S. Prisms And Mirrors Exports

For the third month in a row, the United States recorded growth in overseas shipments of prisms and mirrors, which increased by 31% to 338 tons in March 2023. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when exports increased by 42% month-to-month. The exports peaked in March 2023.

In value terms, prisms and mirrors exports soared to $109M (IndexBox estimates) in March 2023. In general, exports, however, saw a noticeable downturn.

Exports by Country

South Korea (149 tons) was the main destination for prisms and mirrors exports from the United States, accounting for a 44% share of total exports. Moreover, prisms and mirrors exports to South Korea exceeded the volume sent to the second major destination, China (64 tons), twofold. Taiwan (Chinese) (28 tons) ranked third in terms of total exports with an 8.3% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume to South Korea totaled +3.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-3.0% per month) and Taiwan (Chinese) (+0.9% per month).

In value terms, China ($16M), South Korea ($15M) and Japan ($10M) were the largest markets for prisms and mirrors exported from the United States worldwide, together comprising 37% of total exports. These countries were followed by Taiwan (Chinese), the UK, Mexico and India, which together accounted for a further 13%.

Taiwan (Chinese), with a CAGR of -0.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In March 2023, the prisms and mirrors price amounted to $322K per ton (FOB, US), approximately reflecting the previous month. In general, the export price, however, saw a pronounced setback. The growth pace was the most rapid in December 2022 when the average export price increased by 97% against the previous month. As a result, the export price attained the peak level of $621K per ton. From January 2023 to March 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In March 2023, the country with the highest price was Japan ($1.3M per ton), while the average price for exports to India ($42,854 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform