Salts; Molybdates Price in the United States - 2023
Contents:
- Salts; Molybdates Price in the United States (FOB) - 2023
- Salts; Molybdates Price in the United States (CIF) - 2023
- Salts; Molybdates Exports in the United States
- Salts; Molybdates Imports in the United States
Salts; Molybdates Price in the United States (FOB) - 2023
The average salts; molybdates export price stood at $26,697 per ton in August 2023, therefore, remained relatively stable against the previous month. Overall, export price indicated temperate growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, salts; molybdates export price decreased by -31.6% against June 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 38% month-to-month. Over the period under review, the average export prices reached the peak figure at $39,039 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($31,440 per ton), while the average price for exports to Canada ($16,694 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Molybdates Price in the United States (CIF) - 2023
In August 2023, the average salts; molybdates import price amounted to $28,377 per ton, which is down by -1.9% against the previous month. Overall, import price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, salts; molybdates import price increased by +2.1% against May 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 47% month-to-month. The import price peaked at $39,876 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($31,348 per ton), while the price for Japan ($20,675 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Molybdates Exports in the United States
In 2022, the amount of salts; molybdateses exported from the United States dropped significantly to 2K tons, with a decrease of -15.1% compared with the year before. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year. As a result, the exports attained the peak of 2.4K tons, and then declined markedly in the following year.
In value terms, salts; molybdates exports stood at $41M in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 153% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Salts; Molybdates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.9 | 19.9 | 21.3 | 120.0% |
| Netherlands | 5.1 | 3.1 | 6.0 | 9.8 | 24.3% |
| Canada | 5.0 | 3.6 | 5.0 | 5.8 | 5.1% |
| Japan | 2.8 | 1.2 | 2.1 | 1.6 | -17.0% |
| Mexico | 1.7 | 0.4 | 0.9 | 0.7 | -25.6% |
| Germany | 1.5 | 1.3 | 1.4 | 0.4 | -35.6% |
| Others | 2.6 | 1.4 | 2.5 | 1.9 | -9.9% |
| Total | 20.8 | 14.9 | 37.8 | 41.5 | 25.9% |
Top Export Markets for Salts; Molybdates from the United States in 2022:
- China (873.0 tons)
- Netherlands (487.9 tons)
- Canada (425.8 tons)
- Japan (75.0 tons)
- Mexico (36.5 tons)
- Germany (24.0 tons)
Salts; Molybdates Imports in the United States
In 2022, the amount of salts; molybdateses imported into the United States dropped slightly to 1.7K tons, with a decrease of -2.9% compared with the previous year's figure. In general, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 1.8K tons, and then dropped modestly in the following year.
In value terms, salts; molybdates imports amounted to $40M in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 149%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Salts; Molybdates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 18.1 | 3.3 | 23.2 | 21.9 | 6.6% |
| China | 6.2 | 8.9 | 8.8 | 10.4 | 18.8% |
| India | 2.4 | 1.0 | 1.6 | 5.4 | 31.0% |
| Brazil | N/A | 0.3 | 1.0 | 1.3 | 108.2% |
| Others | 0.8 | 0.4 | 0.4 | 0.7 | -4.4% |
| Total | 27.4 | 14.0 | 35.0 | 39.6 | 13.1% |
Top Suppliers of Salts; Molybdates to the United States in 2022:
- Chile (874.4 tons)
- China (421.3 tons)
- India (310.2 tons)
- Brazil (74.4 tons)
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