Price for Vanadium Oxides and Hydroxides in Belgium - 2023
Contents:
- Price for Vanadium Oxides and Hydroxides in Belgium (CIF) - 2022
- Price for Vanadium Oxides and Hydroxides in Belgium (FOB) - 2022
- Imports of Vanadium Oxides and Hydroxides in Belgium
- Exports of Vanadium Oxides and Hydroxides in Belgium
Price for Vanadium Oxides and Hydroxides in Belgium (CIF) - 2022
The average vanadium oxides and hydroxides import price stood at $24,710 per ton in 2022, picking up by 47% against the previous year. Overall, the import price posted resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 207%. As a result, import price attained the peak level of $37,742 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 the UK ($106,000 per ton), while the price for Brazil ($19,030 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vanadium Oxides and Hydroxides in Belgium (FOB) - 2022
In 2022, the average vanadium oxides and hydroxides export price amounted to $26,315 per ton, with an increase of 10% against the previous year. Over the period under review, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2015 an increase of 214%. As a result, the export price reached the peak level of $61,857 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($41,000 per ton), while the average price for exports to France ($19,854 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 Argentina (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vanadium Oxides and Hydroxides in Belgium
In 2022, overseas purchases of vanadium oxides and hydroxideses decreased by -27.8% to 168 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, imports attained the peak of 232 tons, and then fell significantly in the following year.
In value terms, vanadium oxides and hydroxides imports rose rapidly to $4.1M in 2022. Over the period under review, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year.
| Import of Vanadium Oxides and Hydroxides in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4,216 | 2,427 | 2,844 | 2,097 | -20.8% |
| United States | 0.6 | N/A | 8.2 | 1,669 | 1306.4% |
| Brazil | N/A | N/A | N/A | 190 | 0% |
| Austria | 5.1 | 85.0 | 433 | 175 | 225.0% |
| India | 496 | 248 | 604 | 2.2 | -83.6% |
| Others | 24.0 | 21.7 | 9.4 | 13.0 | -18.5% |
| Total | 4,742 | 2,782 | 3,899 | 4,146 | -4.4% |
Top Suppliers of Vanadium Oxides and Hydroxides to Belgium in 2022:
- Netherlands (94.6 tons)
- United States (59.1 tons)
- Brazil (10.0 tons)
- Austria (3.2 tons)
- India (0.1 tons)
Exports of Vanadium Oxides and Hydroxides in Belgium
After three years of growth, shipments abroad of vanadium oxides and hydroxideses decreased by -43.3% to 42 tons in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. As a result, the exports reached the peak of 74 tons, and then fell sharply in the following year.
In value terms, vanadium oxides and hydroxides exports contracted significantly to $1.1M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 94%.
| Export of Vanadium Oxides and Hydroxides in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.1 | 121 | 470 | 720 | 1831.0% |
| France | 323 | 161 | 413 | 165 | -20.1% |
| Argentina | N/A | 25.4 | 6.1 | 46.1 | 34.7% |
| Mexico | N/A | 3.1 | 41.0 | 42.0 | 268.1% |
| Italy | 43.8 | 19.4 | 126 | 41.0 | -2.2% |
| Germany | 120 | 430 | 484 | 33.1 | -34.9% |
| Netherlands | 21.5 | 36.8 | 71.1 | 0.2 | -79.0% |
| Bulgaria | N/A | 203 | N/A | N/A | 0% |
| Others | 24.0 | 31.4 | 163 | 61.9 | 37.1% |
| Total | 532 | 1,031 | 1,774 | 1,110 | 27.8% |
Top Export Markets for Vanadium Oxides and Hydroxides from Belgium in 2022:
- Netherlands (undefined tons)
- Spain (26.7 tons)
- France (8.3 tons)
- Italy (1.8 tons)
- Mexico (1.6 tons)
- Argentina (1.5 tons)
- Germany (1.0 tons)
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