Salts; Molybdates Price in Estonia - 2023

Salts; Molybdates Price in Estonia (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $182,650 per ton, increasing by 69% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2019 an increase of 171% against the previous year. Over the period under review, average import prices hit record highs at $184,641 per ton in 2013; however, from 2014 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 Germany ($426,516 per ton), while the price for Poland ($32,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+63.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Estonia (FOB) - 2022

In 2021, the average salts; molybdates export price amounted to $516,000 per ton, flattening at the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 an increase of 51% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2014 to 2021, the rate of growth in terms of prices for Russia amounted to +33.5% per year.

Salts; Molybdates Imports in Estonia

In 2022, overseas purchases of salts; molybdateses were finally on the rise to reach 180 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts; molybdates imports soared to $33K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Salts; Molybdates in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	5.4	5.6	7.4	17.8	48.8%
Germany	0.4	2.7	0.9	13.2	220.8%
United States	2.4	N/A	2.2	0.7	-33.7%
United Kingdom	0.2	0.1	0.5	0.5	35.7%
Belgium	N/A	N/A	0.3	0.4	33.3%
France	0.3	N/A	N/A	N/A	0%
Others	N/A	0.4	N/A	0.2	-29.3%
Total	8.7	8.8	11.2	32.9	55.8%

Top Suppliers of Salts; Molybdates to Estonia in 2022:

Latvia (139.0 kg)
Germany (31.0 kg)
United Kingdom (3.0 kg)
Belgium (3.0 kg)
United States (2.0 kg)

Salts; Molybdates Exports in Estonia

In 2021, the amount of salts; molybdateses exported from Estonia totaled 1 kg, approximately equating the previous year. In general, exports recorded a sharp setback. The smallest decline of 99.9% was in 2020.

In value terms, salts; molybdates exports totaled $516 in 2021. Overall, exports continue to indicate a precipitous slump. The smallest decline of 99.9% was in 2020.