China's Biodiesel Export Decreases to 192k Tons in February 2023
Mar 27, 2023
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China's biodiesel exports experienced a significant decline in February 2023 amidst increased competition. The Netherlands remains the key foreign market for biodiesel exports from China, comprising 92% of total exports in value terms. Overall, total exports indicated a tangible expansion from February 2022 to February 2023, with an average monthly rate of +4.7%, despite noticeable fluctuations. Average prices varied somewhat for major overseas markets. In February 2023, the biodiesel price stood at $1,342 per ton, with Belgium having the highest average price of $1,729 per ton, while the average price for exports to Spain was amongst the lowest at $1,250 per ton. Factors such as increased competition and changes in government policies or regulations were considered to have contributed to the decline in China's biodiesel exports.