Salts; Molybdates Price in Australia - 2023

Contents:

1. Salts; Molybdates Price in Australia (CIF) - 2022
2. Salts; Molybdates Price in Australia (FOB) - 2022
3. Salts; Molybdates Imports in Australia
4. Salts; Molybdates Exports in Australia

Salts; Molybdates Price in Australia (CIF) - 2022

The average salts; molybdates import price stood at $17,400 per ton in 2022, growing by 19% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 49%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($19,210 per ton), while the price for Singapore ($5,269 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Australia (FOB) - 2022

The average salts; molybdates export price stood at $29,953 per ton in 2022, picking up by 29% against the previous year. In general, the export price posted a notable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 133%. Over the period under review, the average export prices reached the maximum at $49,198 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($101,530 per ton), while the average price for exports to Papua New Guinea ($19,553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in Australia

In 2022, supplies from abroad of salts; molybdateses decreased by -19.5% to 198 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 52% against the previous year.

In value terms, salts; molybdates imports reduced modestly to $3.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $3.6M, and then shrank modestly in the following year.

Top Suppliers of Salts; Molybdates to Australia in 2022:

1. India (117.5 tons)
2. China (39.8 tons)
3. United States (27.2 tons)
4. Singapore (13.1 tons)

Salts; Molybdates Exports in Australia

In 2022, exports of salts; molybdateses from Australia soared to 3.7 tons, picking up by 108% on the year before. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 532%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, salts; molybdates exports soared to $110K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 956%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Salts; Molybdates from Australia in 2022:

1. United States (2250.0 kg)
2. Singapore (1175.0 kg)
3. Papua New Guinea (150.0 kg)
4. Philippines (83.0 kg)
5. New Zealand (28.0 kg)

Source: IndexBox Market Intelligence Platform