Salts; Molybdates Price in South Africa - 2023
Contents:
- Salts; Molybdates Price in South Africa (CIF) - 2022
- Salts; Molybdates Price in South Africa (FOB) - 2022
- Salts; Molybdates Imports in South Africa
- Salts; Molybdates Exports in South Africa
Salts; Molybdates Price in South Africa (CIF) - 2022
The average salts; molybdates import price stood at $18,312 per ton in 2022, jumping by 36% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +118.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($21,012 per ton), while the price for India ($17,501 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Molybdates Price in South Africa (FOB) - 2022
The average salts; molybdates export price stood at $43,072 per ton in 2022, growing by 106% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Democratic Republic of the Congo ($109,648 per ton), while the average price for exports to Zambia ($13,703 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 Japan (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Molybdates Imports in South Africa
In 2022, supplies from abroad of salts; molybdateses decreased by -57.5% to 108 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of 255 tons, and then reduced rapidly in the following year.
In value terms, salts; molybdates imports shrank sharply to $2M in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 180%. As a result, imports attained the peak of $3.4M, and then fell remarkably in the following year.
| Import of Salts; Molybdates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 701 | 832 | 2,497 | 1,430 | 26.8% |
| China | 616 | 348 | 727 | 347 | -17.4% |
| Brazil | 53.1 | 27.8 | 163 | 185 | 51.6% |
| Others | 51.6 | 13.8 | 35.7 | 19.7 | -27.5% |
| Total | 1,421 | 1,222 | 3,424 | 1,981 | 11.7% |
Top Suppliers of Salts; Molybdates to South Africa in 2022:
- India (81.7 tons)
- China (16.5 tons)
- Brazil (9.6 tons)
Salts; Molybdates Exports in South Africa
Salts; molybdates exports from South Africa skyrocketed to 598 kg in 2022, rising by 124% on the previous year. Over the period under review, exports, however, recorded a sharp shrinkage.
In value terms, salts; molybdates exports surged to $26K in 2022. Overall, exports, however, continue to indicate a precipitous decline.
| Export of Salts; Molybdates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 6.9 | 0.2 | N/A | 14.0 | 26.6% |
| Botswana | 1.3 | 0.9 | 0.9 | 5.2 | 58.7% |
| Mauritius | N/A | N/A | N/A | 2.1 | 0% |
| Zambia | 125 | 112 | 0.6 | 1.6 | -76.6% |
| Zimbabwe | 2.7 | 1.3 | 1.8 | 1.3 | -21.6% |
| Namibia | 0.2 | 13.5 | 1.0 | 0.8 | 58.7% |
| Sierra Leone | N/A | 18.6 | N/A | N/A | 0% |
| Japan | 34.2 | 217 | N/A | N/A | 534.5% |
| Ghana | 8.7 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 2.0 | 1.4 | 0.6 | 6.3% |
| Total | 180 | 365 | 5.6 | 25.8 | -47.7% |
Top Export Markets for Salts; Molybdates from South Africa in 2022:
- Botswana (194.0 kg)
- Democratic Republic of the Congo (128.0 kg)
- Zambia (118.0 kg)
- Zimbabwe (84.0 kg)
- Namibia (37.0 kg)
- Mauritius (30.0 kg)
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