Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil - 2023

Contents:

1. Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil (CIF) - 2023
2. Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil (FOB) - 2022
3. Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil
4. Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil

Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil (CIF) - 2023

In August 2023, the average sodium hexafluoroaluminate (synthetic cryolite) import price amounted to $369 per ton, almost unchanged from the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 23% m-o-m. Over the period under review, average import prices hit record highs at $437 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Iceland ($534 per ton), while the price for Argentina ($125 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 Iceland (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil (FOB) - 2022

In 2022, the average sodium hexafluoroaluminate (synthetic cryolite) export price amounted to $584 per ton, growing by 2.8% against the previous year. In general, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of 196% against the previous year. As a result, the export price reached the peak level of $770 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,353 per ton), while the average price for exports to China ($106 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 the United States (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil

In 2022, the amount of sodium hexafluoroaluminate (synthetic cryolite)s imported into Brazil skyrocketed to 16K tons, with an increase of 175% against 2021 figures. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports surged to $5.9M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to Brazil in 2022:

1. Norway (7.1K tons)
2. Denmark (2.7K tons)
3. Argentina (2.2K tons)
4. Canada (1.9K tons)
5. South Africa (0.9K tons)
6. Iceland (0.4K tons)
7. France (0.4K tons)

Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Brazil

In 2022, overseas shipments of sodium hexafluoroaluminate (synthetic cryolite)s decreased by -8.3% to 274 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of 299 tons, and then contracted in the following year.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports reduced to $160K in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13%. As a result, the exports reached the peak of $170K, and then shrank in the following year.

Top Export Markets for Sodium Hexafluoroaluminate (Synthetic Cryolite) from Brazil in 2022:

1. China (158.2 tons)
2. United States (101.9 tons)
3. India (13.4 tons)

Source: IndexBox Market Intelligence Platform