Carbonates; Strontium Carbonate Price in Iran - 2021

Carbonates; Strontium Carbonate Price in Iran (FOB) - 2022

The average carbonates; strontium carbonate export price stood at $1,266 per ton in 2022, picking up by 78% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; strontium carbonate export price increased by +112.1% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($1,903 per ton), while the average price for exports to China ($705 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 South Korea (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonates; Strontium Carbonate Price in Iran (CIF) - 2022

The average carbonates; strontium carbonate import price stood at $1,076 per ton in 2022, approximately mirroring the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; strontium carbonate import price increased by +12.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. As a result, import price attained the peak level of $1,148 per ton; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +14.1% per year.

Carbonates; Strontium Carbonate Exports in Iran

In 2022, overseas shipments of carbonates; strontium carbonates decreased by -65.6% to 157 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 149% against the previous year. As a result, the exports attained the peak of 757 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, carbonates; strontium carbonate exports dropped markedly to $199K in 2022. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. As a result, the exports reached the peak of $452K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Carbonates; Strontium Carbonate in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	22.0	95.1	120	133	82.2%
India	132	146	75.2	36.4	-34.9%
China	51.7	116	75.7	22.8	-23.9%
Germany	18.0	37.1	22.3	6.2	-29.9%
United Arab Emirates	N/A	N/A	32.6	N/A	0%
Turkey	N/A	57.8	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	224	452	325	199	-3.9%

Top Export Markets for Carbonates; Strontium Carbonate from Iran in 2022:

South Korea (70.1 tons)
India (48.4 tons)
China (32.3 tons)
Germany (6.2 tons)

Carbonates; Strontium Carbonate Imports in Iran

In 2022, approx. 349 tons of carbonates; strontium carbonates were imported into Iran; therefore, remained relatively stable against the previous year's figure. Overall, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 262% against the previous year.

In value terms, carbonates; strontium carbonate imports amounted to $376K in 2022. Over the period under review, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 308% against the previous year.