Price for Vanadium Oxides and Hydroxides in Singapore - 2022

Contents:

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

Price for Vanadium Oxides and Hydroxides in Singapore (CIF) - 2022

In 2022, the average vanadium oxides and hydroxides import price amounted to $125,056 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 346%. As a result, import price reached the peak level of $297,964 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($311,000 per ton), while the price for Switzerland ($39,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average vanadium oxides and hydroxides export price amounted to $11,714 per ton, jumping by 62% against the previous year. Over the period under review, the export price posted a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 122%. The export price peaked in 2022 and is likely to see gradual 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 Myanmar ($30,000 per ton), while the average price for exports to Vietnam totaled $8,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+99.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vanadium Oxides and Hydroxides in Singapore

In 2022, overseas purchases of vanadium oxides and hydroxideses decreased by -67.3% to 18 kg, falling for the second year in a row after two years of growth. In general, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 73%. As a result, imports reached the peak of 83 kg. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vanadium oxides and hydroxides imports shrank sharply to $2.3K in 2022. Over the period under review, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. As a result, imports attained the peak of $8.1K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Germany (9.0 kg)
2. Austria (4.0 kg)
3. United States (2.0 kg)
4. United Kingdom (1.0 kg)
5. Switzerland (1.0 kg)
6. China (1.0 kg)

Exports of Vanadium Oxides and Hydroxides in Singapore

In 2022, shipments abroad of vanadium oxides and hydroxideses decreased by -97.7% to 7 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 98%.

In value terms, vanadium oxides and hydroxides exports contracted significantly to $82 in 2022. Overall, exports saw a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of $2.2K, and then fell markedly in the following year.

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

1. Vietnam (6.0 kg)
2. Myanmar (1.0 kg)

Source: IndexBox Market Intelligence Platform