Price for Vanadium Oxides and Hydroxides in Russia - 2022

Contents:

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

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

In January 2022, the average vanadium oxides and hydroxides export price amounted to $11,685 per ton, approximately reflecting the previous month. In general, export price indicated moderate growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, vanadium oxides and hydroxides export price increased by +4.4% against November 2021 indices. The growth pace was the most rapid in July 2021 an increase of 22% m-o-m. The export price peaked at $15,051 per ton in September 2021; however, from October 2021 to January 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From January 2021 to January 2022, the rate of growth in terms of prices for China amounted to +3.1% per month.

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

In 2022, the average vanadium oxides and hydroxides import price amounted to $21,305 per ton, dropping by -5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the maximum at $34,729 per ton in 2019; however, from 2020 to 2022, 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 Germany ($424,000 per ton), while the price for Brazil ($20,169 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vanadium Oxides and Hydroxides in Russia

In 2022, overseas shipments of vanadium oxides and hydroxideses increased by 0.3% to 11K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a drastic downturn.

In value terms, vanadium oxides and hydroxides exports contracted dramatically to $109M in 2022. In general, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 47%.

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

1. Czech Republic (10.8K tons)

Imports of Vanadium Oxides and Hydroxides in Russia

In 2022, overseas purchases of vanadium oxides and hydroxideses were finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp slump.

In value terms, vanadium oxides and hydroxides imports soared to $27M in 2022. Overall, imports, however, saw a significant decrease.

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

1. South Africa (789.5 tons)
2. Brazil (496.3 tons)

Source: IndexBox Market Intelligence Platform