Salts; Molybdates Price in the UK - 2023

Contents:

1. Salts; Molybdates Price in the UK (CIF) - 2023
2. Salts; Molybdates Price in the UK (FOB) - 2023
3. Salts; Molybdates Imports in the UK
4. Salts; Molybdates Exports in the UK

Salts; Molybdates Price in the UK (CIF) - 2023

The average salts; molybdates import price stood at $21,691 per ton in June 2023, which is down by -22% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 20% m-o-m. The import price peaked at $30,580 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($24,294 per ton), while the price for Belgium ($9,044 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in the UK (FOB) - 2023

In June 2023, the average salts; molybdates export price amounted to $90,153 per ton, with a decrease of -25.2% against the previous month. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in January 2023 an increase of 547% against the previous month. Over the period under review, the average export prices hit record highs at $121K per ton in May 2023, and then dropped rapidly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($171K per ton), while the average price for exports to Ireland ($19,789 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+124.5%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in the UK

In 2022, overseas purchases of salts; molybdateses decreased by -19.1% to 320 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports reached the peak of 440 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, salts; molybdates imports fell slightly to $6M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year.

Top Suppliers of Salts; Molybdates to the UK in 2022:

1. India (208.2 tons)
2. United States (67.9 tons)
3. Poland (39.8 tons)
4. Netherlands (0.5 tons)

Salts; Molybdates Exports in the UK

In 2022, overseas shipments of salts; molybdateses decreased by -14.1% to 66 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 7.6% against the previous year. As a result, the exports reached the peak of 112 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, salts; molybdates exports declined to $1.8M in 2022. Over the period under review, exports recorded a deep slump. The smallest decline of -3.7% was in 2020.

Top Export Markets for Salts; Molybdates from the UK in 2022:

1. Denmark (undefined tons)
2. Netherlands (20.1 tons)
3. Germany (18.3 tons)
4. Kazakhstan (7.3 tons)
5. Spain (4.4 tons)
6. Italy (2.5 tons)
7. Ireland (1.9 tons)
8. Switzerland (1.8 tons)
9. Austria (1.7 tons)
10. France (1.5 tons)
11. Poland (1.2 tons)
12. Sweden (0.5 tons)

Source: IndexBox Market Intelligence Platform