Selenium Price in Australia - 2023

Contents:

  1. Selenium Price in Australia (CIF) - 2022
  2. Selenium Price in Australia (FOB) - 2022
  3. Selenium Imports in Australia
  4. Selenium Exports in Australia

Selenium Price in Australia (CIF) - 2022

In 2022, the average selenium import price amounted to $23,240 per ton, remaining stable against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 105%. Over the period under review, average import prices hit record highs at $63,646 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($23,625 per ton), while the price for Hong Kong SAR ($19,807 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-7.4%), while the prices for the other major suppliers experienced a decline.

Selenium Price in Australia (FOB) - 2022

The average selenium export price stood at $47,589 per ton in 2022, surging by 17% against the previous year. Overall, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 571%. The export price peaked at $133,086 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($116,825 per ton), while the average price for exports to New Zealand ($19,737 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 Hong Kong SAR (+0.9%), while the prices for the other major destinations experienced a decline.

Selenium Imports in Australia

In 2022, the amount of selenia imported into Australia skyrocketed to 8.5 tons, picking up by 28% against the previous year's figure. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 194%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, selenium imports skyrocketed to $199K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Selenium in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China89.172.797.516522.8%
Hong Kong SARN/AN/AN/A19.80%
ItalyN/AN/A7.912.355.7%
GermanyN/A10.316.9N/A64.1%
United States12.5N/AN/AN/A0%
Philippines88.7N/A19.4N/A-53.2%
Others5.36.114.31.4-35.8%
Total19689.11561990.5%

Top Suppliers of Selenium to Australia in 2022:

  1. China (7.0 tons)
  2. Hong Kong SAR (1.0 tons)
  3. Italy (0.6 tons)

Selenium Exports in Australia

After three years of growth, overseas shipments of selenia decreased by -86.7% to 491 kg in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,120% against the previous year.

In value terms, selenium exports fell significantly to $23K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,902%.

Export of Selenium in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FinlandN/AN/AN/A15.30%
New ZealandN/AN/A2.86.4128.6%
FijiN/A8.0N/A1.7-53.9%
ChinaN/AN/A63.8N/A0%
IndiaN/A12.7N/AN/A0%
PhilippinesN/AN/A48.6N/A0%
Others0.7N/A35.0N/A607.1%
Total0.720.715023.4222.1%

Top Export Markets for Selenium from Australia in 2022:

  1. New Zealand (325.0 kg)
  2. Finland (131.0 kg)
  3. Fiji (35.0 kg)

Source: IndexBox Market Intelligence Platform

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