In 2023, the cumulative import volume of Carbon Black in China was 274040.42 tons, which was 163.72% higher than the same period last year. The cumulative import amount was 510.4610 million US dollars. In October, the import volume of carbon black was the highest, with 28200 tons. The main reason was that domestic carbon black maintained a high level of operation, and some downstream enterprises and traders chose foreign carbon black as a substitute, driving up the import volume of carbon black. In January, the import of carbon black was the lowest, with an import volume of 18700 tons. The main reason was due to the approaching Spring Festival holiday, coupled with the repeated outbreaks of domestic public health events, downstream factories were restricted in operation, and some downstream enterprises had early holiday plans, which weakened the overall demand for carbon black and dragged down the import volume of carbon black.
In 2023, China's carbon black imports are relatively concentrated. According to customs data, in 2023, China's carbon black imports mainly came from Russia, South Korea, Belgium, Japan, and Belarus, with the top five accounting for a total of 88.85%, of which Russia accounted for 71.60%, an increase of 1043.66% compared to last year.
In 2023, the cumulative export volume of carbon black in China was 727088.88 tons, which was -10.25% higher than the same period last year. The cumulative export amount was 1023.3386 million US dollars. Among them, the export volume of carbon black was the highest in June, with an export volume of 75900 tons, accounting for 10.44% of the total export volume; The main reason is that the domestic downstream demand has weakened, but the demand from foreign downstream enterprises still exists, and some carbon black enterprises have turned to exporting for export; Under the influence of the Russo Ukrainian War and the situation of multiple European countries imposing sanctions on Russia, downstream factories abroad tend to choose domestic carbon black, which has led to an increase in carbon black exports. The export volume was the lowest in March, with 44600 tons, accounting for 6.13% of the total export volume; The main reason is that the domestic raw material prices have risen in the current month, the production cost of carbon black has risen, the market price of carbon black is high, the cost of exporting to downstream factories abroad has increased, downstream enterprise demand has weakened, dragging down the export volume of carbon black.
In 2023, China's carbon black exports are relatively concentrated. According to customs data, in 2023, China's carbon black exports mainly came from Thailand, Vietnam, Indonesia, Poland, and India, with the top five accounting for a total of 73.73%, of which Thailand accounted for 29.89%, a decrease of 0.38% compared to last year.
According to customs data, the main trade mode for China's carbon black exports in 2023 was general trade, with exports of 676977.11 tons, accounting for 93.11%, a decrease of 15.74% compared to last year.
In January, it is expected that the import and export volume of carbon black in China will increase. In terms of imports, as the Spring Festival holiday approaches, some downstream enterprises in China may have plans to stock up and increase their demand for carbon black. However, in order to reduce production costs, some downstream enterprises may choose foreign carbon black as a substitute, which may drive up the import volume of carbon black. In terms of exports, the domestic carbon black market prices are low, export costs are reduced, and downstream foreign factories may increase their demand for domestic carbon black; This will drive an increase in the export volume of carbon black.
