Salts; Molybdates Price in Singapore - 2022

Contents:

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

Salts; Molybdates Price in Singapore (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $16,189 per ton, increasing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 ($31,280 per ton), while the price for Thailand ($8,095 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Singapore (FOB) - 2022

The average salts; molybdates export price stood at $12,299 per ton in 2022, with a decrease of -4.1% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 39%. Over the period under review, the average export prices hit record highs at $18,102 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($48,904 per ton), while the average price for exports to Australia ($5,084 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 Australia (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in Singapore

In 2022, salts; molybdates imports into Singapore surged to 97 tons, with an increase of 58% compared with the year before. In general, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 69%.

In value terms, salts; molybdates imports soared to $1.6M in 2022. Overall, imports posted strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 104%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Salts; Molybdates to Singapore in 2022:

1. India (35.5 tons)
2. Thailand (33.3 tons)
3. China (22.9 tons)
4. United States (3.4 tons)
5. Malaysia (0.2 tons)

Salts; Molybdates Exports in Singapore

In 2022, after two years of decline, there was significant growth in overseas shipments of salts; molybdateses, when their volume increased by 24% to 48 tons. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts; molybdates exports surged to $585K in 2022. In general, exports, however, recorded a abrupt curtailment.

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

1. Malaysia (14.3 tons)
2. Australia (13.0 tons)
3. Pakistan (11.3 tons)
4. Thailand (8.0 tons)
5. Indonesia (1.0 tons)

Source: IndexBox Market Intelligence Platform