Tetrahydrofuran, 2-Furaldehyde, Furfuryl Alcohol, Tetrahydrofurfuryl Alcohol And Piperonal Prices in China

China Tetrahydrofuran, 2-Furaldehyde, Furfuryl Alcohol, Tetrahydrofurfuryl Alcohol And Piperonal Export Price in September 2022

In September 2022, the tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal price amounted to $2,279 per ton (FOB, China), waning by -9.2% against the previous month. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in February 2022 an increase of 13% month-to-month. As a result, the export price attained the peak level of $4,487 per ton. From March 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 Belgium ($5,377 per ton), while the average price for exports to Germany ($1,490 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.3%), while the prices for the other major destinations experienced a decline.

China Tetrahydrofuran, 2-Furaldehyde, Furfuryl Alcohol, Tetrahydrofurfuryl Alcohol And Piperonal Exports

In September 2022, shipments abroad of tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal decreased by -28.2% to 8.8K tons for the first time since June 2022, thus ending a two-month rising trend. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in March 2022 with an increase of 38% month-to-month. The exports peaked at 15K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal shrank notably to $20M (IndexBox estimates) in September 2022. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in March 2022 when exports increased by 32% m-o-m. The exports peaked at 59K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

China Tetrahydrofuran, 2-Furaldehyde, Furfuryl Alcohol, Tetrahydrofurfuryl Alcohol And Piperonal Exports by Country

India (2.6K tons) was the main destination for exports of tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal from China, accounting for a 29% share of total exports. Moreover, exports of tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal to India exceeded the volume sent to the second major destination, South Korea (1.2K tons), twofold. Japan (808 tons) ranked third in terms of total exports with a 9.2% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to India stood at +19.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+0.6% per month) and Japan (-19.0% per month).

In value terms, India ($5M) emerged as the key foreign market for tetrahydrofuran, 2-furaldehyde, furfuryl alcohol, tetrahydrofurfuryl alcohol and piperonal exports from China, comprising 25% of total exports. The second position in the ranking was held by South Korea ($2.2M), with an 11% share of total exports. It was followed by Japan, with an 8.6% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of value to India amounted to +8.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (-9.4% per month) and Japan (-24.2% per month).