Price for Vanadium Oxides and Hydroxides in Brazil - 2023

Contents:

1. Price for Vanadium Oxides and Hydroxides in Brazil (FOB) - 2023
2. Price for Vanadium Oxides and Hydroxides in Brazil (CIF) - 2022
3. Exports of Vanadium Oxides and Hydroxides in Brazil
4. Imports of Vanadium Oxides and Hydroxides in Brazil

Price for Vanadium Oxides and Hydroxides in Brazil (FOB) - 2023

The average vanadium oxides and hydroxides export price stood at $15,672 per ton in September 2023, surging by 8.4% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 12% month-to-month. The export price peaked at $20,527 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In September 2023, the highest price was recorded for prices to the United States ($16,232 per ton) and Canada ($15,939 per ton), while the average price for exports to South Korea ($14,184 per ton) and Japan ($14,427 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vanadium Oxides and Hydroxides in Brazil (CIF) - 2022

The average vanadium oxides and hydroxides import price stood at $19,663 per ton in 2022, growing by 33% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vanadium oxides and hydroxides import price increased by +49.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 72%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Belgium ($59,596 per ton), while the price for Russia ($13,445 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vanadium Oxides and Hydroxides in Brazil

For the third year in a row, Brazil recorded decline in shipments abroad of vanadium oxides and hydroxideses, which decreased by -4.7% to 8.6K tons in 2022. In general, exports saw a abrupt downturn.

In value terms, vanadium oxides and hydroxides exports surged to $152M in 2022. Over the period under review, exports continue to indicate a deep setback.

Top Export Markets for Vanadium Oxides and Hydroxides from Brazil in 2022:

1. Netherlands (4.1K tons)
2. South Korea (2.1K tons)
3. United States (1.1K tons)
4. Canada (0.9K tons)
5. Japan (0.2K tons)

Imports of Vanadium Oxides and Hydroxides in Brazil

In 2022, purchases abroad of vanadium oxides and hydroxideses was finally on the rise to reach 41 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp contraction.

In value terms, vanadium oxides and hydroxides imports skyrocketed to $812K in 2022. In general, imports, however, showed a sharp downturn.

Top Suppliers of Vanadium Oxides and Hydroxides to Brazil in 2022:

1. Russia (20.0 tons)
2. Netherlands (9.0 tons)
3. India (5.8 tons)
4. Belgium (3.4 tons)
5. China (3.0 tons)
6. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform