Salts; Molybdates Price in the Philippines - 2023
Contents:
Salts; Molybdates Price in the Philippines (CIF) - 2022
The average salts; molybdates import price stood at $18,156 per ton in 2022, which is down by -23.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 105% against the previous year. The import price peaked at $23,675 per ton in 2021, and then contracted sharply in the following year.
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 ($32,764 per ton), while the price for Spain ($6,933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+125.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Molybdates Imports in the Philippines
In 2022, approx. 788 kg of salts; molybdateses were imported into the Philippines; growing by 37% on the previous year's figure. In general, imports, however, showed a sharp downturn.
In value terms, salts; molybdates imports expanded slightly to $14K in 2022. Over the period under review, imports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of $111K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Salts; Molybdates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 97.8 | 110 | 5.8 | 6.9 | -58.7% |
| Spain | N/A | 0.3 | 0.1 | 2.4 | 182.8% |
| Germany | 0.7 | 0.7 | 3.5 | 1.8 | 37.0% |
| India | 1.2 | N/A | 3.3 | 1.2 | 0.0% |
| South Korea | 1.3 | N/A | 0.7 | 1.1 | -5.4% |
| Singapore | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Others | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Total | 101 | 111 | 13.6 | 14.3 | -47.9% |
Top Suppliers of Salts; Molybdates to the Philippines in 2022:
- Spain (343.0 kg)
- United States (255.0 kg)
- India (55.0 kg)
- Germany (55.0 kg)
- South Korea (53.0 kg)
- Singapore (23.0 kg)
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