BDO exports in January-February, 2025

January export

According to the latest data from China customs, exports of products under Hs code 29053990, including BDO, amounted to 20.6kt in January 2025, down by 30.5% m-o-m and up 18.9% year-on-year. The export unit price averaged at $1.650/kg, up $0.215/kg over last month.

According to the screening data from CCFGroup, exports of BDO were near 13kt in January, down by near 44% month on month and up 32% on the year respectively.

Plunging BDO exports on the month was mainly because the demand in major markets like Vietnam greatly fell.

In January, the export market share of BDO to Vietnam was approximately 37%, with a month-on-month decrease of about 55% in export volume. Exports to the South Korean market also saw a significant month-on-month decline, with a year-on-year decrease of about 33%. Due to the procurement cycle in Europe, exports to this region showed a considerable month-on-month increase, particularly from Italy, Belgium and Turkey, where the quantities grew by over 100%. In Asia, exports to India showed an apparent month-on-month increase, with a rise of about 85%. Conversely, exports to Malaysia saw a significant decrease, with a month-on-month decline of about 83%. Exports to Taiwan, China were also significantly reduced month-on-month due to demand and procurement cycle effects.

In January, the main export origin was still Jiangsu, where BDO exports decreased by about 52% month-on-month, and the export share dropped by 6 percentage points to 37%. Shandong experienced a month-on-month export decrease of about 30%, with the export share falling by approximately 4 percentage points. Ningxia's export volume saw a significant month-on-month reduction of about 50%, with the export share slightly decreasing to 8%. The increase in exports from Sichuan indicated that some sources may have shifted there, as January exports from Sichuan grew significantly, accounting for 10% of the export share.

February export

According to the latest data from China customs, exports of products under Hs code 29053990, including BDO, amounted to 21.6kt in February 2025, up 4.9% m-o-m and 55.2% year-on-year respectively. The export unit price averaged at $1.524/kg, down $0.126/kg over last month.

According to the screening data from CCFGroup, exports of BDO were near 14.5kt in February, up by near 8.1% month on month and 57.5% on the year respectively.

Exports of BDO saw narrower month-on-month growth in February. Major exports did not change much over last month. Exports to major European market decreased on the month and those to major Asian markets spiked.

In February, BDO exports saw a significant month-on-month increase of about 90% due to a recovery in demand from the Vietnamese market, raising the export share to 64%, an increase of approximately 28 percentage points. Exports to Malaysia grew by about 58%, with the export share increasing by 3 percentage points to 8%. However, exports to India saw a slight decrease of around 8%. In the European market, Italy and Turkey experienced a decline after substantial purchases in January, with exports to Italy decreasing month-on-month by approximately 24%, bringing the export share down to 8%, a drop of 4 percentage points compared to the previous month.

The main export origin for BDO in February was Ningxia, where exports surged by 449% month-on-month, increasing its export share to 38%, making it the largest export origin for February. Jiangsu's export volume saw a slight decrease of 36%, and its export share fell to 22%. Exports from Shandong, Xinjiang, Sichuan and Henan also experienced varying degrees of reduction.

Despite the impact of the domestic Spring Festival holiday in February, total exports still saw a slight month-on-month increase driven by overseas demand. From the perspective of supply in international markets, some facilities in Europe and the United States were reportedly under maintenance, and given the pressure of losses, there was an expectation for steady price increases abroad. Meanwhile, the domestic market experienced a robust supply due to significant new capacity, high-quality products, and relatively low prices, all of which were favorable for exports. BDO exports are expected to sustain strong later.