China - Carbides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Carbides in China Sees Significant Drop to $757M by 2023
China Carbides Exports
In 2023, after two years of growth, there was significant decline in overseas shipments of carbides, when their volume decreased by -10.4% to 487K tons. The total export volume increased at an average annual rate of +1.2% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. The exports peaked at 543K tons in 2022, and then declined in the following year.
In value terms, carbides exports dropped significantly to $757M (IndexBox estimates) in 2023. In general, total exports indicated a pronounced expansion from 2013 to 2023: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +75.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at $930M in 2022, and then fell remarkably in the following year.
| COUNTRY | Export Value of Carbides in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Japan | 137 | 160 | 138 | 119 | 142 | 202 | 177 | 118 | 205 | 219 | 193 |
| United States | 76.0 | 85.2 | 77.1 | 59.0 | 96.9 | 98.3 | 68.0 | 50.5 | 80.3 | 159 | 100 |
| South Korea | 68.1 | 67.0 | 79.6 | 83.0 | 91.5 | 125 | 81.8 | 67.0 | 107 | 109 | 98.6 |
| India | 38.6 | 51.5 | 42.7 | 45.6 | 31.3 | 46.8 | 54.1 | 38.3 | 61.1 | 58.1 | 61.5 |
| Germany | 22.9 | 35.8 | 35.9 | 40.5 | 40.2 | 59.7 | 36.5 | 30.6 | 45.7 | 54.1 | 48.2 |
| Taiwan (Chinese) | 67.4 | 70.0 | 53.0 | 46.8 | 34.3 | 23.3 | 18.8 | 23.0 | 28.3 | 28.5 | 36.5 |
| Belgium | 1.8 | 3.5 | 3.0 | 3.5 | 7.5 | 9.4 | 3.5 | 2.3 | 2.3 | 9.4 | 20.6 |
| Thailand | 9.0 | 8.0 | 6.7 | 6.6 | 7.4 | 9.5 | 7.9 | 6.5 | 28.5 | 34.6 | 18.9 |
| Others | 125 | 150 | 126 | 117 | 134 | 141 | 103 | 95.3 | 151 | 257 | 180 |
| Total | 546 | 632 | 562 | 521 | 585 | 715 | 550 | 432 | 709 | 930 | 757 |
Exports by Country
the United States (102K tons), India (63K tons) and Japan (61K tons) were the main destinations of carbides exports from China, together comprising 46% of total exports. South Korea, Thailand, Belgium, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 21%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.
In value terms, Japan ($193M), the United States ($100M) and South Korea ($99M) appeared to be the largest markets for carbides exported from China worldwide, together comprising 52% of total exports. India, Germany, Taiwan (Chinese), Belgium and Thailand lagged somewhat behind, together accounting for a further 25%.
Belgium, with a CAGR of +27.3%, recorded 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.
Export Prices by Country
In 2023, the carbides price stood at $1,546 per ton (FOB, China), declining by -10% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 23%. The export price peaked at $1,718 per ton in 2022, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,684 per ton), while the average price for exports to Nigeria ($705 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the carbides 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 20136450 - Carbides whether or not chemically defined
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
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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
