Salts; Molybdates Price in Malaysia - 2021

Contents:

1. Salts; Molybdates Price in Malaysia (CIF) - 2021
2. Salts; Molybdates Price in Malaysia (FOB) - 2022
3. Salts; Molybdates Imports in Malaysia
4. Salts; Molybdates Exports in Malaysia

Salts; Molybdates Price in Malaysia (CIF) - 2021

In December 2021, the average salts; molybdates import price amounted to $16,461 per ton, falling by -13.2% against the previous month. Overall, the import price, however, posted noticeable growth. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 371% month-to-month. As a result, import price attained the peak level of $59,293 per ton. From July 2021 to December 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($64,890 per ton), while the price for China totaled $16,220 per ton.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Malaysia (FOB) - 2022

The average salts; molybdates export price stood at $5,741 per ton in 2022, dropping by -18.3% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of 65% against the previous year. The export price peaked at $11,472 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($6,774 per ton), while the average price for exports to Singapore totaled $4,203 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.6%), while the prices for the other major destinations experienced a decline.

Salts; Molybdates Imports in Malaysia

In 2022, the amount of salts; molybdateses imported into Malaysia declined markedly to 119 tons, reducing by -17.7% against 2021. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% 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 +27.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of 144 tons, and then fell significantly in the following year.

In value terms, salts; molybdates imports declined significantly to $1.6M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $2.1M, and then reduced rapidly in the following year.

Top Suppliers of Salts; Molybdates to Malaysia in 2022:

1. China (73.9 tons)
2. India (26.3 tons)
3. United States (15.3 tons)
4. United Kingdom (1.8 tons)

Salts; Molybdates Exports in Malaysia

In 2022, exports of salts; molybdateses from Malaysia surged to 14 tons, increasing by 58% compared with the year before. Over the period under review, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.9% against 2020 indices.

In value terms, salts; molybdates exports surged to $82K in 2022. In general, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. As a result, the exports attained the peak of $101K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Singapore (7.8 tons)
2. Thailand (6.4 tons)

Source: IndexBox Market Intelligence Platform