Salts; Molybdates Price in Spain - 2023

Contents:

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

Salts; Molybdates Price in Spain (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $21,847 per ton, increasing by 32% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +64.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($26,982 per ton), while the price for France ($6,397 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Spain (FOB) - 2022

The average salts; molybdates export price stood at $26,811 per ton in 2022, increasing by 4.2% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates export price increased by +39.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 54%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($72,722 per ton), while the average price for exports to Morocco ($10,910 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 Portugal (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in Spain

In 2022, the amount of salts; molybdateses imported into Spain shrank sharply to 606 tons, falling by -23.8% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 795 tons, and then fell remarkably in the following year.

In value terms, salts; molybdates imports totaled $13M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +75.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 74%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Salts; Molybdates to Spain in 2022:

1. Poland (261.2 tons)
2. Netherlands (188.3 tons)
3. India (62.0 tons)
4. France (24.6 tons)
5. Belgium (19.3 tons)
6. Italy (18.5 tons)
7. China (17.0 tons)
8. Germany (8.3 tons)

Salts; Molybdates Exports in Spain

In 2022, overseas shipments of salts; molybdateses decreased by -5.3% to 21 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of 22 tons, and then fell in the following year.

In value terms, salts; molybdates exports declined to $566K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports reached the peak of $573K, and then dropped slightly in the following year.

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

1. Portugal (5.7 tons)
2. France (5.1 tons)
3. Morocco (4.0 tons)
4. Belgium (1.3 tons)
5. Poland (1.2 tons)
6. Greece (1.0 tons)
7. Italy (0.7 tons)
8. Netherlands (0.5 tons)
9. Thailand (0.3 tons)

Source: IndexBox Market Intelligence Platform