Salts; Molybdates Price in Indonesia - 2022

Salts; Molybdates Price in Indonesia (CIF) - 2022

The average salts; molybdates import price stood at $13,124 per ton in March 2022, dropping by -52.1% against the previous month. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in June 2021 when the average import price increased by 151% m-o-m. The import price peaked at $39,338 per ton in December 2021; however, from January 2022 to March 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($79,774 per ton), while the price for Japan ($3,982 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Indonesia (FOB) - 2022

In 2022, the average salts; molybdates export price amounted to $17,181 per ton, waning by -12.8% against the previous year. Overall, the export price, however, recorded notable growth. The most prominent rate of growth was recorded in 2015 an increase of 58%. The export price peaked at $23,771 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +45.1% per year.

Salts; Molybdates Imports in Indonesia

In 2022, approx. 51 tons of salts; molybdateses were imported into Indonesia; rising by 25% on 2021 figures. The total import volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, salts; molybdates imports reduced to $810K in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports attained the peak of $876K, and then reduced in the following year.

Import of Salts; Molybdates in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	198	185	352	222	3.9%
Japan	71.9	61.0	24.4	210	42.9%
Germany	137	92.4	192	165	6.4%
China	151	166	161	86.0	-17.1%
United States	74.2	88.0	78.4	67.9	-2.9%
Singapore	31.2	14.2	38.1	39.3	8.0%
Malaysia	11.2	0.5	4.5	4.7	-25.1%
Others	12.7	20.1	24.7	15.7	7.3%
Total	687	627	876	810	5.6%

Top Suppliers of Salts; Molybdates to Indonesia in 2022:

Japan (34.6 tons)
India (7.1 tons)
China (3.9 tons)
Germany (1.8 tons)
United States (1.4 tons)
Malaysia (0.7 tons)
Singapore (0.6 tons)

Salts; Molybdates Exports in Indonesia

In 2022, the amount of salts; molybdateses exported from Indonesia skyrocketed to 371 kg, with an increase of 48% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 316%. As a result, the exports attained the peak of 491 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, salts; molybdates exports soared to $6.4K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 178% against the previous year. As a result, the exports reached the peak of $7.8K. From 2021 to 2022, the growth of the exports failed to regain momentum.