Salts; Molybdates Price in Saudi Arabia - 2021
Contents:
Salts; Molybdates Price in Saudi Arabia (FOB) - 2022
In 2022, the average salts; molybdates export price amounted to $2,574 per ton, declining by -29.7% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $15,474 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,079 per ton), while the average price for exports to Egypt ($1,782 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 Lebanon (+78.4%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Molybdates Exports in Saudi Arabia
In 2022, shipments abroad of salts; molybdateses was finally on the rise to reach 418 tons after two years of decline. Overall, exports, however, recorded a abrupt decrease.
In value terms, salts; molybdates exports contracted slightly to $1.1M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 4%.
| Export of Salts; Molybdates in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 445 | 858 | 844 | 897 | 26.3% |
| Egypt | 97.7 | 100 | 122 | 129 | 9.7% |
| United Arab Emirates | 23.5 | 40.3 | 35.8 | 38.1 | 17.5% |
| Morocco | 115 | N/A | N/A | N/A | 0% |
| Lebanon | 37.3 | 15.3 | N/A | N/A | -59.0% |
| Algeria | 253 | N/A | 84.3 | N/A | -42.3% |
| Others | 43.3 | 41.7 | 10.2 | 11.3 | -36.1% |
| Total | 1,015 | 1,056 | 1,096 | 1,076 | 2.0% |
Top Export Markets for Salts; Molybdates from Saudi Arabia in 2022:
- Tunisia (336.5 tons)
- Egypt (72.6 tons)
- United Arab Emirates (7.5 tons)
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