Malonylurea (Barbituric Acid) And Its Derivatives, And Salts Thereof Prices in China
China Malonylurea (Barbituric Acid) And Its Derivatives, And Salts Thereof Export Price in September 2022
In September 2022, the malonylurea (barbituric acid) and its derivatives, and salts thereof price amounted to $10.5 per kg (FOB, China), which is down by -7.5% against the previous month. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 63% against the previous month. As a result, the export price attained the peak level of $16,537 per ton. From August 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($130 per kg), while the average price for exports to India ($7,128 per ton) was amongst the lowest.
From February 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
China Malonylurea (Barbituric Acid) And Its Derivatives, And Salts Thereof Exports
In September 2022, overseas shipments of malonylurea (barbituric acid) and its derivatives, and salts thereof increased by 1.7% to 224 tons, rising for the second consecutive month after three months of decline. In general, total exports indicated a buoyant increase from February 2022 to September 2022: its volume increased at an average monthly rate of +8.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +10.0% against July 2022 indices. The most prominent rate of growth was recorded in April 2022 when exports increased by 57% month-to-month. As a result, the exports attained the peak of 314 tons. From May 2022 to September 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of malonylurea (barbituric acid) and its derivatives, and salts thereof declined to $2.4M (IndexBox estimates) in September 2022. Over the period under review, total exports indicated resilient growth from February 2022 to September 2022: its value increased at an average monthly rate of +5.9% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -30.0% against July 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 64% m-o-m. The exports peaked at 3.4K tons in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.
China Malonylurea (Barbituric Acid) And Its Derivatives, And Salts Thereof Exports by Country
India (156 tons) was the main destination for exports of malonylurea (barbituric acid) and its derivatives, and salts thereof from China, accounting for a 70% share of total exports. Moreover, exports of malonylurea (barbituric acid) and its derivatives, and salts thereof to India exceeded the volume sent to the second major destination, Germany (60 tons), threefold.
From February 2022 to September 2022, the average monthly growth rate of volume to India stood at +21.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-4.0% per month) and the UK (-1.2% per month).
In value terms, the largest markets for malonylurea (barbituric acid) and its derivatives, and salts thereof exported from China were India ($1.1M), Germany ($597K) and the UK ($520K), together accounting for 95% of total exports.
India, with a CAGR of +17.6%, 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 a decline.
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