Salts; Molybdates Price in Chile - 2023

Salts; Molybdates Price in Chile (FOB) - 2023

The average salts; molybdates export price stood at $30,046 per ton in July 2023, increasing by 2% against the previous month. Overall, export price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, salts; molybdates export price increased by +4.9% against May 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 26% m-o-m. The export price peaked at $43,490 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was the United States ($30,165 per ton), while the average price for exports to Germany totaled $29,692 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Price in Chile (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $19,576 per ton, surging by 3.7% against the previous year. Overall, the import price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 20%. Over the period under review, average import prices reached the peak figure at $57,266 per ton in 2012; however, from 2013 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 Germany ($164,996 per ton), while the price for Peru ($167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Salts; Molybdates Exports in Chile

In 2022, approx. 1.6K tons of salts; molybdateses were exported from Chile; falling by -10.4% on the year before. In general, exports saw a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by 80% against the previous year. As a result, the exports attained the peak of 1.8K tons, and then reduced in the following year.

In value terms, salts; molybdates exports stood at $40M in 2022. Overall, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 199%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Salts; Molybdates in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.6	3.0	27.7	26.6	12.7%
Netherlands	0.3	0.6	N/A	6.8	183.0%
Denmark	3.8	5.9	5.5	1.5	-26.6%
Germany	1.7	0.8	2.6	1.5	-4.1%
South Korea	1.0	0.8	0.9	1.5	14.5%
France	2.1	0.5	2.3	0.8	-27.5%
Brazil	1.1	0.9	0.7	0.6	-18.3%
Others	0.8	0.7	N/A	0.5	-14.5%
Total	29.4	13.3	39.7	39.9	10.7%

Top Export Markets for Salts; Molybdates from Chile in 2022:

United States (1024.6 tons)
Netherlands (280.0 tons)
Denmark (60.0 tons)
Germany (60.0 tons)
South Korea (57.5 tons)
France (40.0 tons)
Brazil (25.0 tons)

Salts; Molybdates Imports in Chile

In 2022, the amount of salts; molybdateses imported into Chile skyrocketed to 18 tons, increasing by 36% compared with 2021 figures. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, salts; molybdates imports skyrocketed to $347K in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 151%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Salts; Molybdates in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	26.4	34.0	137	162	83.1%
China	18.0	N/A	44.3	99.5	76.8%
Germany	33.2	23.3	40.7	38.1	4.7%
United States	60.2	0.6	2.1	32.9	-18.2%
Colombia	N/A	N/A	6.8	14.2	108.8%
Peru	N/A	36.5	N/A	N/A	0%
Others	1.3	3.5	14.8	0.5	-27.3%
Total	139	97.8	246	347	35.7%