Salts; Molybdates Price in Iran - 2022

Salts; Molybdates Price in Iran (CIF) - 2022

The average salts; molybdates import price stood at $25,306 per ton in 2022, picking up by 9.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 78%. Over the period under review, average import prices reached the maximum at $39,943 per ton in 2019; however, from 2020 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 Italy ($45,374 per ton), while the price for Armenia ($7,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Iran (FOB) - 2022

The average salts; molybdates export price stood at $2,237 per ton in 2022, picking up by 3.4% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 26%. As a result, the export price attained the peak level of $19,917 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -17.8% per year.

Salts; Molybdates Imports in Iran

After three years of growth, supplies from abroad of salts; molybdateses decreased by -14.3% to 22 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year.

In value terms, salts; molybdates imports reduced to $560K in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18%.

Import of Salts; Molybdates in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	325	248	168	316	-0.9%
India	72.2	74.1	68.7	161	30.6%
China	39.9	24.3	11.8	74.7	23.2%
Oman	N/A	170	110	N/A	-35.3%
United Arab Emirates	N/A	N/A	237	N/A	0%
Others	5.8	4.2	3.7	8.1	11.8%
Total	443	521	599	560	8.1%

Top Suppliers of Salts; Molybdates to Iran in 2022:

India (10.1 tons)
Italy (7.0 tons)
China (4.6 tons)

Salts; Molybdates Exports in Iran

In 2022, shipments abroad of salts; molybdateses increased by 2.7% to 3.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable downturn.

In value terms, salts; molybdates exports rose notably to $7.2K in 2022. In general, exports, however, continue to indicate a abrupt decline.