Salts; Molybdates Price in Argentina - 2023

Salts; Molybdates Price in Argentina (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $21,441 per ton, with an increase of 46% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +81.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($46,741 per ton), while the price for China ($19,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Argentina (FOB) - 2022

The average salts; molybdates export price stood at $119,400 per ton in 2022, growing by 162% against the previous year. In general, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to +19.7% per year.

Salts; Molybdates Imports in Argentina

For the fourth consecutive year, Argentina recorded growth in overseas purchases of salts; molybdateses, which increased by 6.9% to 78 tons in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, salts; molybdates imports surged to $1.7M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 81%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Salts; Molybdates in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	371	513	939	1,062	42.0%
China	42.4	31.6	77.5	506	128.5%
India	59.6	4.8	1.7	93.3	16.1%
United States	49.1	7.6	17.6	3.4	-58.9%
Chile	17.6	15.9	14.5	N/A	-9.2%
Others	9.0	18.9	20.4	10.5	5.3%
Total	549	592	1,070	1,675	45.0%

Top Suppliers of Salts; Molybdates to Argentina in 2022:

Brazil (50.0 tons)
China (26.0 tons)
India (2.0 tons)
United States (0.1 tons)

Salts; Molybdates Exports in Argentina

In 2022, shipments abroad of salts; molybdateses decreased by -98.6% to 5 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 192%.

In value terms, salts; molybdates exports dropped dramatically to $597 in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 202% against the previous year.

Export of Salts; Molybdates in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	0.5	2.0	1.6	0.6	6.3%
Nicaragua	0.6	4.9	10.3	N/A	314.3%
Chile	0.7	1.6	1.8	N/A	60.4%
Colombia	0.6	0.9	0.8	N/A	15.5%
Bolivia	0.7	0.7	0.1	N/A	-62.2%
Brazil	0.1	0.2	0.4	N/A	100.0%
Others	0.4	0.6	0.8	N/A	41.4%
Total	3.6	10.9	15.8	0.6	-45.0%