Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States - 2023
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (CIF) - 2023
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (FOB) - 2022
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States
- Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (CIF) - 2023
The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $834 per ton in August 2023, waning by -12.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 68% m-o-m. The import price peaked at $1,104 per ton in May 2023; however, from June 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 Germany ($1,971 per ton), while the price for Canada ($423 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 Canada (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (FOB) - 2022
The average sodium hexafluoroaluminate (synthetic cryolite) export price stood at $675 per ton in 2022, picking up by 7.9% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium hexafluoroaluminate (synthetic cryolite) export price increased by +117.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $743 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($1,563 per ton), while the average price for exports to Japan ($475 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 Taiwan (Chinese) (+328.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States
In 2022, supplies from abroad of sodium hexafluoroaluminate (synthetic cryolite)s decreased by -50.2% to 15K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 101%. As a result, imports reached the peak of 30K tons, and then reduced notably in the following year.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports dropped sharply to $10M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, imports reached the peak of $16M, and then contracted notably in the following year.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 3.7 | 5.6 | 4.0 | 22.1% |
| Germany | 1.9 | 1.7 | 2.2 | 2.8 | 13.8% |
| Denmark | 1.4 | 1.2 | 1.4 | 1.5 | 2.3% |
| Hungary | 1.1 | 0.3 | 0.4 | 1.2 | 2.9% |
| Iceland | 0.9 | 0.6 | 1.3 | 0.3 | -30.7% |
| New Zealand | N/A | N/A | N/A | 0.3 | 0% |
| Mozambique | 1.2 | 0.2 | 0.7 | 0.2 | -45.0% |
| France | 0.6 | 0.1 | 3.8 | N/A | 151.7% |
| Others | 1.2 | 1.3 | 1.1 | 0.2 | -45.0% |
| Total | 10.5 | 9.1 | 16.4 | 10.4 | -0.3% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to the United States in 2022:
- Canada (10.4K tons)
- Germany (1.5K tons)
- Hungary (1.0K tons)
- Denmark (0.8K tons)
- New Zealand (0.5K tons)
- Iceland (0.4K tons)
- Mozambique (0.3K tons)
Exports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of sodium hexafluoroaluminate (synthetic cryolite)s, which increased by 215% to 1K tons in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) exports soared to $700K in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 254 | 0% |
| Mexico | 89.7 | 97.6 | 135 | 183 | 26.8% |
| Canada | N/A | 31.8 | 34.5 | 97.9 | 75.5% |
| Dominican Republic | N/A | N/A | N/A | 67.5 | 0% |
| Chile | N/A | N/A | 9.4 | 52.3 | 456.4% |
| Others | 20.9 | 26.2 | 27.8 | 45.9 | 30.0% |
| Total | 111 | 156 | 206 | 700 | 84.8% |
Top Export Markets for Sodium Hexafluoroaluminate (Synthetic Cryolite) from the United States in 2022:
- Japan (534.0 tons)
- Mexico (230.0 tons)
- Canada (161.0 tons)
- Dominican Republic (60.0 tons)
- Chile (33.4 tons)
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