Salts; Molybdates Price in Brazil - 2023

Contents:

1. Salts; Molybdates Price in Brazil (FOB) - 2023
2. Salts; Molybdates Price in Brazil (CIF) - 2022
3. Salts; Molybdates Exports in Brazil
4. Salts; Molybdates Imports in Brazil

Salts; Molybdates Price in Brazil (FOB) - 2023

In August 2023, the average salts; molybdates export price amounted to $25,664 per ton, picking up by 28% against the previous month. Overall, export price indicated a noticeable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, salts; molybdates export price decreased by -17.7% against May 2023 indices. The pace of growth was the most pronounced in September 2022 an increase of 55% against the previous month. Over the period under review, the average export prices hit record highs at $31,187 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($36,523 per ton), while the average price for exports to Mexico ($19,631 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Price in Brazil (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $23,363 per ton, picking up by 14% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +58.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($40,225 per ton), while the price for India ($20,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Exports in Brazil

In 2022, overseas shipments of salts; molybdateses decreased by -8.7% to 251 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 89%. As a result, the exports reached the peak of 275 tons, and then dropped in the following year.

In value terms, salts; molybdates exports skyrocketed to $4.7M in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 135% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Salts; Molybdates from Brazil in 2022:

1. United States (95.0 tons)
2. Argentina (51.0 tons)
3. Paraguay (41.1 tons)
4. South Africa (13.1 tons)
5. Guatemala (10.5 tons)
6. Mexico (10.1 tons)
7. Chile (8.0 tons)
8. Colombia (7.5 tons)
9. Peru (5.0 tons)
10. Bolivia (4.9 tons)

Salts; Molybdates Imports in Brazil

In 2022, overseas purchases of salts; molybdateses increased by 74% to 152 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a drastic downturn.

In value terms, salts; molybdates imports surged to $3.6M in 2022. In general, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Salts; Molybdates to Brazil in 2022:

1. India (99.9 tons)
2. Chile (27.2 tons)
3. China (20.5 tons)
4. Poland (3.2 tons)

Source: IndexBox Market Intelligence Platform