Salts; Molybdates Price in India - 2023

Salts; Molybdates Price in India (FOB) - 2022

In 2022, the average salts; molybdates export price amounted to $18,502 per ton, surging by 20% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($22,733 per ton) and Spain ($20,102 per ton), while the average price for exports to the Netherlands ($16,991 per ton) and Australia ($17,440 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Price in India (CIF) - 2022

The average salts; molybdates import price stood at $24,147 per ton in 2022, jumping by 78% against the previous year. Overall, the import price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 166% against the previous year. As a result, import price reached the peak level of $51,104 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 ($150,690 per ton), while the price for Poland ($5,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Exports in India

Salts; molybdates exports from India declined to 1.9K tons in 2022, waning by -10.6% compared with 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of 2.1K tons, and then dropped in the following year.

In value terms, salts; molybdates exports rose notably to $35M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Salts; Molybdates in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.5	1.2	2.8	6.3	36.1%
Netherlands	2.3	2.3	5.6	4.8	27.8%
Brazil	1.4	0.7	0.5	2.9	27.5%
United Kingdom	1.1	1.1	3.7	2.9	38.1%
Poland	2.8	1.8	3.0	2.0	-10.6%
Saudi Arabia	0.5	0.5	1.6	1.9	56.0%
Australia	1.1	1.3	1.8	1.9	20.0%
Turkey	1.0	1.2	1.4	1.3	9.1%
South Africa	0.7	0.9	2.7	1.3	22.9%
Spain	0.9	1.1	1.2	1.1	6.9%
South Korea	0.3	0.4	0.7	1.0	49.4%
Belgium	1.0	0.5	1.0	0.9	-3.5%
Thailand	0.7	0.3	0.3	0.9	8.7%
Others	8.4	4.8	6.3	5.8	-11.6%
Total	24.8	18.1	32.5	34.8	12.0%

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

United States (336.0 tons)
Netherlands (282.0 tons)
United Kingdom (160.1 tons)
Brazil (148.5 tons)
Australia (106.4 tons)
Saudi Arabia (106.0 tons)
Poland (86.1 tons)
South Africa (73.8 tons)
Turkey (66.3 tons)
Spain (56.1 tons)
South Korea (54.5 tons)
Thailand (52.8 tons)
Belgium (44.1 tons)

Salts; Molybdates Imports in India

In 2022, overseas purchases of salts; molybdateses decreased by -32.8% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 28%.

In value terms, salts; molybdates imports soared to $323K in 2022. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 94% against the previous year. As a result, imports attained the peak of $483K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Salts; Molybdates in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	35.8	53.3	106	166	66.8%
Spain	N/A	N/A	N/A	64.0	0%
Belgium	11.0	16.9	29.4	37.9	51.0%
United Kingdom	14.9	25.4	11.9	15.8	2.0%
Poland	50.6	3.5	4.7	2.1	-65.4%
Thailand	N/A	177	N/A	N/A	0%
Vietnam	N/A	151	N/A	N/A	0%
Latvia	N/A	N/A	86.7	N/A	0%
Brazil	90.2	N/A	N/A	N/A	0%
Others	45.9	56.5	32.2	37.5	-6.5%
Total	248	483	271	323	9.2%