Price for Vanadium Oxides and Hydroxides in the Philippines - 2023
Contents:
- Price for Vanadium Oxides and Hydroxides in the Philippines (CIF) - 2022
- Imports of Vanadium Oxides and Hydroxides in the Philippines
Price for Vanadium Oxides and Hydroxides in the Philippines (CIF) - 2022
In 2022, the average vanadium oxides and hydroxides import price amounted to $53,208 per ton, which is down by -62.3% against the previous year. Overall, the import price, however, posted a significant increase. Over the period under review, average import prices hit record highs at $141,025 per ton in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($73,667 per ton), while the price for Poland ($24,000 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.7%).
Imports of Vanadium Oxides and Hydroxides in the Philippines
In 2022, the amount of vanadium oxides and hydroxideses imported into the Philippines soared to 53 kg, with an increase of 32% against the year before. The total import volume increased at an average annual rate of +32.5% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, vanadium oxides and hydroxides imports contracted notably to $2.8K in 2022. In general, imports, however, recorded a precipitous shrinkage.
| Import of Vanadium Oxides and Hydroxides in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | 1.0 | 2.6 | 160.0% | ||
| Singapore | 0.2 | 0.2 | 0.0% | ||
| China | 4.4 | N/A | 0% | ||
| Poland | N/A | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 5.6 | 2.8 | -50.0% | ||
Top Suppliers of Vanadium Oxides and Hydroxides to the Philippines in 2022:
- Germany (48.0 kg)
- Singapore (3.0 kg)
- Poland (1.0 kg)
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