U.S. Carbon Exports
In September 2023, carbon exports from the USA shrank barely to 11Ok tons, waning by -3.6% on the month earlier than. Total, exports proceed to point a pronounced decline. Probably the most outstanding charge of development was recorded in January 2023 with a rise of 17% month-to-month.
In worth phrases, carbon exports expanded to $29M (IndexBox estimates) in September 2023. Over the interval beneath overview, exports recorded a pronounced stoop. The tempo of development was essentially the most pronounced in January 2023 with a rise of 19% month-to-month.
Exports by Nation
Canada (5.4K tons), Mexico (2.8K tons) and Germany (500 tons) have been the primary locations of carbon exports from the USA, with a mixed 78% share of complete exports.
From September 2022 to September 2023, essentially the most notable charge of development when it comes to shipments, amongst the primary nations of vacation spot, was attained by Germany (with a CAGR of +0.8%), whereas the opposite leaders skilled blended development patterns.
In worth phrases, the biggest markets for carbon exported from the USA have been Canada ($11M), Mexico ($5.8M) and Switzerland ($2.5M), with a mixed 65% share of complete exports.
By way of the primary nations of vacation spot, Canada, with a CAGR of +0.2%, recorded the very best development charge of the worth of exports, over the interval beneath overview, whereas shipments for the opposite leaders skilled a decline.
Export Costs by Nation
In September 2023, the carbon value amounted to $2,628 per ton (FOB, US), with a rise of 5.9% towards the earlier month. Over the interval beneath overview, the export value, nonetheless, continues to point a comparatively flat development sample. The tempo of development appeared essentially the most speedy in November 2022 a rise of 9.6% m-o-m. Over the interval beneath overview, the typical export costs hit file highs at $2,919 per ton in January 2023; nonetheless, from February 2023 to September 2023, the export costs stood at a considerably decrease determine.
There have been important variations within the common costs for the most important export markets. In September 2023, the nation with the very best value was Japan ($6,861 per ton), whereas the typical value for exports to Canada ($1,984 per ton) was amongst the bottom.
From September 2022 to September 2023, essentially the most notable charge of development when it comes to costs was recorded for provides to Switzerland (+3.1%), whereas the costs for the opposite main locations skilled extra modest paces of development.
Supply: IndexBox Market Intelligence Platform
