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

Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in Chile (CIF) - 2022

The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $1,097 per ton in 2022, waning by -11.5% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $1,656 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the United States ($12,174 per ton), while the price for China ($859 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.8%), while the prices for the other major suppliers experienced a decline.

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

The average sodium hexafluoroaluminate (synthetic cryolite) export price stood at $681 per ton in 2022, falling by -10% against the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 129%. Over the period under review, the average export prices reached the peak figure at $3,522 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to -15.2% per year.

Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Chile

In 2022, after three years of growth, there was significant decline in supplies from abroad of sodium hexafluoroaluminate (synthetic cryolite)s, when their volume decreased by -15.8% to 22 tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +30.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of 26 tons, and then shrank remarkably in the following year.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports contracted notably to $24K in 2022. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 104% against the previous year. As a result, imports reached the peak of $33K, and then contracted remarkably in the following year.

Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.9	8.4	19.6	14.7	23.0%
Germany	7.4	6.3	9.3	6.8	-2.8%
Others	0.3	1.3	3.7	2.8	110.5%
Total	15.5	16.0	32.6	24.3	16.2%

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

China (17.2 tons)
Germany (4.7 tons)

Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in Chile

In 2022, after two years of decline, there was decline in overseas shipments of sodium hexafluoroaluminate (synthetic cryolite)s, when their volume decreased by 0% to 1 kg. In general, exports showed a precipitous shrinkage. The smallest decline of -66.7% was in 2020.

In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports totaled $1 in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.