Price for Vanadium Oxides and Hydroxides in Denmark - 2023
Contents:
- Price for Vanadium Oxides and Hydroxides in Denmark (CIF) - 2022
- Imports of Vanadium Oxides and Hydroxides in Denmark
Price for Vanadium Oxides and Hydroxides in Denmark (CIF) - 2022
The average vanadium oxides and hydroxides import price stood at $78,742 per ton in 2022, with an increase of 3.2% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50,192% against the previous year. The import price peaked at $83,100 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($90,750 per ton), while the price for Germany ($78,037 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+25.3%).
Imports of Vanadium Oxides and Hydroxides in Denmark
In 2022, overseas purchases of vanadium oxides and hydroxideses decreased by -24.1% to 120 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 86,279%. As a result, imports attained the peak of 29 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, vanadium oxides and hydroxides imports fell notably to $9.4K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 179% against the previous year. As a result, imports attained the peak of $12K, and then shrank significantly in the following year.
| Import of Vanadium Oxides and Hydroxides in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.4 | 0.3 | 11.9 | 8.5 | 52.4% |
| United Kingdom | N/A | N/A | N/A | 0.7 | 0% |
| Belgium | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Norway | N/A | 4.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.4 | 4.3 | 12.1 | 9.4 | 57.6% |
Top Suppliers of Vanadium Oxides and Hydroxides to Denmark in 2022:
- Germany (109.0 kg)
- United Kingdom (8.0 kg)
- Belgium (2.0 kg)
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