Salts; Molybdates Price in Hong Kong SAR - 2023

Salts; Molybdates Price in Hong Kong SAR (CIF) - 2022

The average salts; molybdates import price stood at $42,757 per ton in 2022, surging by 174% against the previous year. In general, the import price continues to indicate slight growth. 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 the United States ($44,366 per ton), while the price for China stood at $13,467 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%).

Salts; Molybdates Price in Hong Kong SAR (FOB) - 2022

In 2022, the average salts; molybdates export price amounted to $16,951 per ton, almost unchanged from the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates export price decreased by -0.1% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 45%. As a result, the export price reached the peak level of $16,976 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($34,444 per ton), while the average price for exports to Australia ($2,872 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 United States (+9.3%), while the prices for the other major destinations experienced a decline.

Salts; Molybdates Imports in Hong Kong SAR

After three years of growth, overseas purchases of salts; molybdateses decreased by -89.2% to 288 kg in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 396% against the previous year. As a result, imports attained the peak of 2.7 tons, and then fell rapidly in the following year.

In value terms, salts; molybdates imports dropped sharply to $12K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 223% against the previous year. As a result, imports reached the peak of $42K, and then dropped markedly in the following year.

Import of Salts; Molybdates in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.0	9.4	7.1	12.1	82.2%
China	2.3	3.0	33.3	0.2	-55.7%
Others	0.6	0.5	1.3	N/A	47.2%
Total	4.8	12.9	41.7	12.3	36.8%

Top Suppliers of Salts; Molybdates to Hong Kong SAR in 2022:

United States (273.0 kg)
China (15.0 kg)

Salts; Molybdates Exports in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in shipments abroad of salts; molybdateses, when their volume increased by 15% to 2.5 tons. Overall, exports, however, faced a abrupt slump.

In value terms, salts; molybdates exports amounted to $42K in 2022. In general, exports, however, showed a deep reduction.

Export of Salts; Molybdates in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	41.6	33.8	27.5	32.8	-7.6%
United States	16.3	11.0	7.4	7.4	-23.1%
Australia	1.0	0.6	0.4	0.3	-33.1%
Others	2.0	1.5	0.9	1.0	-20.6%
Total	60.8	46.9	36.2	41.6	-11.9%