Price for Vanadium Oxides and Hydroxides in Iran - 2022

Contents:

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

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

The average vanadium oxides and hydroxides import price stood at $32,918 per ton in 2022, dropping by -26.4% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 57%. As a result, import price reached the peak level of $69,639 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($71,011 per ton), while the price for China stood at $26,534 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+22.8%), while the prices for the other major suppliers experienced a decline.

Price for Vanadium Oxides and Hydroxides in Iran (FOB) - 2022

In 2022, the average vanadium oxides and hydroxides export price amounted to $3,090 per ton, jumping by 77% against the previous year. Overall, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices hit record highs at $12,824 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Armenia ($13,511 per ton), while the average price for exports to the United Arab Emirates ($2,443 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 Arab Emirates (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Vanadium Oxides and Hydroxides in Iran

Vanadium oxides and hydroxides imports into Iran declined markedly to 9.1 tons in 2022, waning by -23.1% compared with the year before. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,087% against the previous year. As a result, imports reached the peak of 12 tons, and then reduced dramatically in the following year.

In value terms, vanadium oxides and hydroxides imports fell significantly to $301K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 663%. As a result, imports reached the peak of $532K, and then contracted dramatically in the following year.

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

1. China (7.8 tons)
2. India (1.3 tons)

Exports of Vanadium Oxides and Hydroxides in Iran

In 2022, after three years of growth, there was significant decline in overseas shipments of vanadium oxides and hydroxideses, when their volume decreased by -61.1% to 39 tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 487% against the previous year. As a result, the exports attained the peak of 100 tons, and then reduced sharply in the following year.

In value terms, vanadium oxides and hydroxides exports fell dramatically to $120K in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 167% against the previous year. As a result, the exports reached the peak of $175K, and then dropped rapidly in the following year.

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

1. United Arab Emirates (27.1 tons)
2. India (11.0 tons)
3. Armenia (0.8 tons)

Source: IndexBox Market Intelligence Platform