Price for Vanadium Oxides and Hydroxides in Japan - 2023

Contents:

1. Price for Vanadium Oxides and Hydroxides in Japan (CIF) - 2023
2. Price for Vanadium Oxides and Hydroxides in Japan (FOB) - 2022
3. Imports of Vanadium Oxides and Hydroxides in Japan
4. Exports of Vanadium Oxides and Hydroxides in Japan

Price for Vanadium Oxides and Hydroxides in Japan (CIF) - 2023

In July 2023, the average vanadium oxides and hydroxides import price amounted to $18,510 per ton, with an increase of 13% against the previous month. Overall, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in October 2022 an increase of 41% against the previous month. The import price peaked at $26,100 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From July 2022 to July 2023, the rate of growth in terms of prices for Thailand amounted to +3.4% per month.

Price for Vanadium Oxides and Hydroxides in Japan (FOB) - 2022

The average vanadium oxides and hydroxides export price stood at $32,408 per ton in 2022, shrinking by -9.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 59%. The export price peaked at $43,341 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 China ($39,854 per ton), while the average price for exports to South Korea ($26,484 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 Indonesia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vanadium Oxides and Hydroxides in Japan

Vanadium oxides and hydroxides imports into Japan soared to 1K tons in 2022, jumping by 33% compared with the previous year's figure. Over the period under review, imports, however, faced a abrupt decline.

In value terms, vanadium oxides and hydroxides imports soared to $20M in 2022. Overall, imports, however, continue to indicate a abrupt contraction.

Top Suppliers of Vanadium Oxides and Hydroxides to Japan in 2022:

1. China (684.0 tons)
2. Brazil (200.0 tons)
3. Thailand (120.0 tons)
4. South Africa (20.0 tons)

Exports of Vanadium Oxides and Hydroxides in Japan

In 2022, the amount of vanadium oxides and hydroxideses exported from Japan rose markedly to 53 tons, increasing by 14% against 2021 figures. The total export volume increased at an average annual rate of +2.3% 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 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vanadium oxides and hydroxides exports expanded to $1.7M in 2022. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 14%.

Top Export Markets for Vanadium Oxides and Hydroxides from Japan in 2022:

1. South Korea (27.7 tons)
2. Indonesia (13.9 tons)
3. China (8.7 tons)
4. Thailand (1.4 tons)

Source: IndexBox Market Intelligence Platform