Molybdenum; Wire Price in Iraq - 2022
Contents:
Molybdenum; Wire Price in Iraq (CIF) - 2022
In 2022, the average molybdenum; wire import price amounted to $106,615 per ton, growing by 28% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($334,000 per ton), while the price for China totaled $38,400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%).
Molybdenum; Wire Imports in Iraq
In 2022, the amount of molybdenum; wires imported into Iraq surged to 13 kg, picking up by 30% against the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, molybdenum; wire imports soared to $1.4K in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Molybdenum; Wire in Iraq (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 462 | 7.0 | 654 | 1,002 | 29.4% |
China | 38.0 | 2.0 | 178 | 384 | 116.2% |
United Arab Emirates | N/A | 636 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 500 | 645 | 832 | 1,386 | 40.5% |
Top Suppliers of Molybdenum; Wire to Iraq in 2022:
- China (10.0 kg)
- Turkey (3.0 kg)
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