Selenium Prices

Selenium Prices H2 2023

In the H2 of 2023, the price of selenium in Russia reached 18678 USD/MT. Similarly, in China, the selenium prices hit 18430 USD/MT in the H2 of 2023.

Selenium Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Selenium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of selenium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of selenium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of selenium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing selenium price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Selenium Market Analysis

The global selenium market size reached US$ 3720 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5434 Billion, at a projected CAGR of 4.30% during 2023-2032.

• The rising adoption of selenium for enhanced hair and nail health among individuals is bolstering the market growth. Selenium improves scalp tissue and controls oil production in hair. A lack of selenium can cause problems like dandruff, hair loss, and a dry scalp. Moreover, selenium has antioxidant qualities that aid in shielding hair follicles from harm induced by free radicals, thereby leading to hair thinning and early aging. Apart from this, it aids in maintaining the health of nails by supporting their strength and preventing brittleness.
• The selenium demand is further propelled by its utilization in dietary supplements. People are becoming conscious about their health and consuming supplements to support their overall wellness. They are recognizing the importance of immune system function, thyroid health, antioxidant protection, and overall well-being, which is making selenium a key component in various dietary supplements. In addition, healthcare professionals are emphasizing selenium supplements to individuals with selenium deficiency or those susceptible to certain health issues. Additionally, there is an increase in the utilization of selenium supplements among the elderly population because of their high risk of chronic disorders. The elderly individuals rely on selenium supplements for maintaining their healthy immune system and cognitive health. The World Health Organization (WHO) predicts that the number of people aged 80 and over will triple by 2050, reaching 426 million, up from 2020.
• Furthermore, there is a rise in the utilization of selenium for treating certain health conditions such as thyroid disorders, autoimmune diseases, and cancer. Selenium has a vital role in thyroid hormone synthesis. It also has potential anticancer properties, which makes it a crucial component of pharmaceutical formulations.
• Selenium is also becoming increasingly popular in the agriculture sector by serving as a micronutrient supplement for livestock and crops. Moreover, its availability in soils directly affects uptake by plants.

Selenium News

The report covers the latest developments, updates, and trends impacting the global selenium market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the selenium price trend.

Latest developments in the selenium industry:

• In 22 June 2023, Aurubis subsidiary RETORTE expanded the selenium production. This investment of around € 7 Million shows a sign of multi metal producer Aurubis’ commitment to expanding RETORTE’s profitable selenium business in the food and beverage (F&B) and pharmaceutical industries and positioning the German site for the future.

Product Description

Selenium is a mineral that is naturally found in soil, water, and certain food products. It functions as an antioxidant, defending cells against oxidative stress and harm triggered by free radicals. It is crucial for the production of thyroid hormones, which control growth, development, and metabolism. Its anti-inflammatory properties reduce inflammation in the body and relieve symptoms of conditions like arthritis. Moreover, by shielding the heart from oxidative damage and promoting regular blood vessel function, it lowers the risk of heart disease.

Apart from this, selenium is essential for maintaining normal brain function and can help prevent neurodegenerative conditions like Parkinson's and Alzheimer's, along with cognitive decline in people. It protects against age-related macular degeneration (AMD) and other eye conditions by decreasing oxidative stress and inflammation in the eyes.

Regional Coverage

The report provides a detailed analysis of the selenium market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the selenium price trend.

Global Selenium Price

The report offers a holistic view of the global selenium pricing trends in the form of selenium price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of selenium but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed selenium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Selenium Price

Europe's selenium pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence selenium production costs. Additionally, the region's dependency on selenium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for selenium can also be provided for an extensive list of European countries.

North America Selenium Price

In North America, selenium prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence selenium supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific selenium historical data within the United States and Canada can also be provided.

Middle East and Africa Selenium Price

The selenium pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global selenium supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Selenium Price

In the Asia Pacific region, selenium pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of selenium, making the Asia Pacific market a complex environment for price trend analysis.

This selenium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Selenium Price

Latin America's selenium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in selenium prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing selenium pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of selenium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting selenium price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The selenium price charts ensure our clients remain at the forefront of the industry.