Price for Vanadium Oxides and Hydroxides in South Africa - 2023
Contents:
- Price for Vanadium Oxides and Hydroxides in South Africa (FOB) - 2022
- Price for Vanadium Oxides and Hydroxides in South Africa (CIF) - 2022
- Exports of Vanadium Oxides and Hydroxides in South Africa
- Imports of Vanadium Oxides and Hydroxides in South Africa
Price for Vanadium Oxides and Hydroxides in South Africa (FOB) - 2022
The average vanadium oxides and hydroxides export price stood at $20,143 per ton in 2022, growing by 53% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 export price increased by +66.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($20,627 per ton) and the Netherlands ($20,436 per ton), while the average price for exports to Mozambique ($19,085 per ton) and India ($19,439 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vanadium Oxides and Hydroxides in South Africa (CIF) - 2022
The average vanadium oxides and hydroxides import price stood at $14,817 per ton in 2022, falling by -32.3% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 84%. Over the period under review, average import prices reached the peak figure at $55,318 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 ($25,050 per ton), while the price for China ($4,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vanadium Oxides and Hydroxides in South Africa
In 2022, approx. 4.9K tons of vanadium oxides and hydroxideses were exported from South Africa; shrinking by -25.8% on the previous year's figure. Overall, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 4.8%.
In value terms, vanadium oxides and hydroxides exports rose significantly to $99M in 2022. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 14%.
| Export of Vanadium Oxides and Hydroxides in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.7 | 6.5 | 21.6 | 28.1 | -13.7% |
| Canada | 4.4 | 2.4 | 5.7 | 24.1 | 76.3% |
| Netherlands | 100 | 25.5 | 26.8 | 20.4 | -41.1% |
| Japan | 16.7 | 6.9 | 17.3 | 14.6 | -4.4% |
| Mozambique | N/A | N/A | N/A | 8.6 | 0% |
| India | 0.4 | 0.2 | 0.3 | 2.2 | 76.5% |
| China | 3.1 | 30.8 | 1.8 | N/A | -23.8% |
| Vietnam | N/A | N/A | 0.5 | N/A | 0% |
| Others | 3.9 | 3.9 | 12.8 | 0.5 | -49.6% |
| Total | 172 | 76.1 | 86.6 | 98.5 | -17.0% |
Top Export Markets for Vanadium Oxides and Hydroxides from South Africa in 2022:
- China (undefined tons)
- United States (1397.2 tons)
- Canada (1170.0 tons)
- Netherlands (1000.0 tons)
- Japan (732.3 tons)
- Mozambique (448.4 tons)
- India (115.7 tons)
Imports of Vanadium Oxides and Hydroxides in South Africa
In 2022, approx. 14 tons of vanadium oxides and hydroxideses were imported into South Africa; picking up by 319% compared with 2021. Overall, imports continue to indicate a strong increase.
In value terms, vanadium oxides and hydroxides imports soared to $209K in 2022. Over the period under review, imports saw a relatively flat trend pattern.
| Import of Vanadium Oxides and Hydroxides in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | N/A | N/A | 103 | 0% |
| United Kingdom | 179 | 214 | 1.0 | 100 | -17.6% |
| China | 24.3 | 88.3 | 0.1 | 2.0 | -56.5% |
| Taiwan (Chinese) | N/A | 81.7 | 71.2 | N/A | -12.9% |
| Others | 4.2 | 0.5 | 1.6 | 3.8 | -3.3% |
| Total | 207 | 385 | 73.9 | 209 | 0.3% |
Top Suppliers of Vanadium Oxides and Hydroxides to South Africa in 2022:
- Zambia (9.6 tons)
- United Kingdom (4.0 tons)
- China (0.4 tons)
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