Selenium Price in China - 2023
Contents:
- Selenium Price in China (CIF) - 2022
- Selenium Price in China (FOB) - 2022
- Selenium Imports in China
- Selenium Exports in China
Selenium Price in China (CIF) - 2022
The average selenium import price stood at $16,561 per ton in 2022, increasing by 32% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. Over the period under review, average import prices attained the maximum at $105,073 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Japan ($19,009 per ton), while the price for Finland ($11,668 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-14.9%), while the prices for the other major suppliers experienced a decline.
Selenium Price in China (FOB) - 2022
The average selenium export price stood at $17,032 per ton in 2022, with an increase of 36% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $145,443 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($21,276 per ton), while the average price for exports to Pakistan ($5,742 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 Nigeria (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.
Selenium Imports in China
After three years of growth, purchases abroad of selenia decreased by -10.8% to 1.1K tons in 2022. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of 1.3K tons, and then contracted in the following year.
In value terms, selenium imports soared to $19M in 2022. Over the period under review, imports saw a noticeable reduction.
| Import of Selenium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.5 | 3.7 | 4.2 | 5.3 | 14.8% |
| South Korea | 2.9 | 1.7 | 2.5 | 4.1 | 12.2% |
| Canada | 4.6 | 3.4 | 4.3 | 3.8 | -6.2% |
| Russia | 0.9 | 1.3 | 1.0 | 1.8 | 26.0% |
| Finland | 1.1 | 0.9 | 0.6 | 0.9 | -6.5% |
| Chile | 1.2 | 1.1 | 0.5 | 0.8 | -12.6% |
| Peru | 0.9 | 0.6 | 0.2 | 0.6 | -12.6% |
| Others | 6.5 | 2.8 | 2.6 | 1.4 | -40.1% |
| Total | 21.7 | 15.4 | 15.9 | 18.7 | -4.8% |
Top Suppliers of Selenium to China in 2022:
- Japan (278.9 tons)
- Canada (258.2 tons)
- South Korea (222.8 tons)
- Russia (104.5 tons)
- Finland (76.1 tons)
- Chile (51.0 tons)
- Peru (48.8 tons)
Selenium Exports in China
In 2022, overseas shipments of selenia decreased by -6.2% to 396 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 486 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, selenium exports surged to $6.7M in 2022. In general, exports, however, recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Selenium in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 47.3 | 35.1 | 45.2 | 2,717 | 285.8% |
| Netherlands | N/A | N/A | N/A | 1,075 | 0% |
| United States | 23.4 | 15.0 | 20.5 | 824 | 227.8% |
| Nigeria | 5.8 | N/A | 180 | 241 | 246.4% |
| Indonesia | N/A | 6.6 | 0.3 | 216 | 472.1% |
| Thailand | 299 | 7.7 | 6.7 | 197 | -13.0% |
| Australia | 3.5 | 11.6 | 31.8 | 165 | 261.2% |
| Pakistan | 206 | 132 | 28.3 | 159 | -8.3% |
| Brazil | N/A | 14.2 | N/A | 120 | 190.7% |
| United Arab Emirates | 248 | N/A | N/A | 43.1 | -44.2% |
| Hong Kong SAR | 4,197 | N/A | N/A | N/A | 0% |
| Uzbekistan | 731 | N/A | N/A | N/A | 0% |
| Iran | 256 | 389 | N/A | N/A | 52.0% |
| Others | 646 | 4,571 | 4,978 | 991 | 15.3% |
| Total | 6,662 | 5,182 | 5,291 | 6,749 | 0.4% |
Top Export Markets for Selenium from China in 2022:
- Singapore (171.1 tons)
- Netherlands (50.6 tons)
- United States (45.7 tons)
- Pakistan (27.8 tons)
- Indonesia (16.5 tons)
- Nigeria (11.3 tons)
- Thailand (10.8 tons)
- Australia (9.1 tons)
- Brazil (6.8 tons)
- United Arab Emirates (2.5 tons)
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