Price for Vanadium Oxides and Hydroxides in the UK - 2023
Contents:
- Price for Vanadium Oxides and Hydroxides in the UK (CIF) - 2022
- Price for Vanadium Oxides and Hydroxides in the UK (FOB) - 2022
- Imports of Vanadium Oxides and Hydroxides in the UK
- Exports of Vanadium Oxides and Hydroxides in the UK
Price for Vanadium Oxides and Hydroxides in the UK (CIF) - 2022
In 2022, the average vanadium oxides and hydroxides import price amounted to $17,932 per ton, picking up by 13% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 542% against the previous year. Over the period under review, average import prices attained the peak figure at $78,896 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 United States ($39,468 per ton), while the price for South Africa ($16,321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vanadium Oxides and Hydroxides in the UK (FOB) - 2022
The average vanadium oxides and hydroxides export price stood at $38,268 per ton in 2022, waning by -45.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of 77%. The export price peaked at $126,813 per ton in 2020; however, from 2021 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 the Netherlands ($133,900 per ton), while the average price for exports to France ($33,419 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 Netherlands (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vanadium Oxides and Hydroxides in the UK
After three years of growth, supplies from abroad of vanadium oxides and hydroxideses decreased by -82.1% to 11 tons in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 8,989% against the previous year.
In value terms, vanadium oxides and hydroxides imports shrank rapidly to $203K in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,293% against the previous year.
| Import of Vanadium Oxides and Hydroxides in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | 365 | 779 | 163 | -33.2% |
| Netherlands | N/A | N/A | 212 | 22.7 | -89.3% |
| United States | 3.0 | 1.2 | N/A | 9.9 | 48.9% |
| Others | 12.7 | 9.7 | 21.2 | 7.7 | -15.4% |
| Total | 15.7 | 376 | 1,012 | 203 | 134.7% |
Top Suppliers of Vanadium Oxides and Hydroxides to the UK in 2022:
- South Africa (10.0 tons)
- Netherlands (1.0 tons)
- United States (0.3 tons)
Exports of Vanadium Oxides and Hydroxides in the UK
In 2022, the amount of vanadium oxides and hydroxideses exported from the UK soared to 1.8 tons, growing by 364% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 405%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, vanadium oxides and hydroxides exports skyrocketed to $67K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 178% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Vanadium Oxides and Hydroxides in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 10.9 | 33.4 | 206.4% |
| Poland | 0.1 | 0.3 | N/A | 21.4 | 498.1% |
| Germany | 2.4 | 2.9 | 1.4 | 3.5 | 13.4% |
| Netherlands | 6.2 | 0.6 | N/A | 2.7 | -24.2% |
| Canada | 2.4 | N/A | N/A | N/A | 0% |
| Others | 7.5 | 5.8 | 14.1 | 6.2 | -6.1% |
| Total | 18.5 | 9.5 | 26.4 | 67.2 | 53.7% |
Top Export Markets for Vanadium Oxides and Hydroxides from the UK in 2022:
- France (1000.0 kg)
- Poland (631.0 kg)
- Germany (104.0 kg)
- Netherlands (20.0 kg)
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