
China - Molybdenum - Market Analysis, Forecast, Size, Trends And Insights
China Molybdenum Export Value Reaches $12M in Feb 2023
China Molybdenum Exports
In February 2023, exports of molybdenum from China fell rapidly to 161 tons, waning by -18% on the previous month. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in September 2022 when exports increased by 105% against the previous month.
In value terms, molybdenum exports rose slightly to $12M (IndexBox estimates) in February 2023. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in October 2022 with an increase of 113% m-o-m. The exports peaked in February 2023.
COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Export Value of Molybdenum in China (million USD) | |||||||||||||
Netherlands | 0.2 | 2.6 | 0.5 | 1.1 | N/A | N/A | N/A | 0.9 | 2.7 | 3.2 | 5.1 | 2.8 | 4.6 |
United States | 0.9 | N/A | 0.5 | 1.1 | N/A | N/A | 1.0 | 1.0 | 3.0 | 0.5 | 0.7 | 3.3 | 3.5 |
South Korea | 0.1 | 0.6 | 0.1 | 0.2 | 0.1 | N/A | 0.1 | N/A | 0.5 | 1.3 | 0.1 | 1.2 | 1.4 |
United Kingdom | 0.9 | 0.3 | 1.0 | N/A | 0.1 | 0.8 | 0.2 | 0.8 | 0.3 | 2.0 | N/A | 2.4 | 0.8 |
Japan | N/A | N/A | N/A | 1.1 | 1.0 | 2.5 | 0.5 | N/A | 1.2 | 2.9 | 3.5 | 1.1 | 0.8 |
India | N/A | 0.2 | N/A | N/A | 1.1 | 0.4 | 0.4 | 0.7 | 0.9 | N/A | 0.4 | 0.5 | 0.6 |
Germany | N/A | N/A | N/A | N/A | 1.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Others | 0.7 | 0.8 | 0.1 | 0.5 | 0.1 | 1.2 | N/A | 0.9 | 0.5 | 1.1 | 0.8 | 0.6 | 0.4 |
Total | 2.7 | 4.5 | 2.3 | 4.0 | 3.4 | 5.0 | 2.2 | 4.2 | 8.9 | 10.9 | 10.6 | 11.9 | 12.1 |
Exports by Country
The Netherlands (60 tons), the United States (50 tons) and South Korea (17 tons) were the main destinations of molybdenum exports from China, together accounting for 79% of total exports.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for molybdenum exported from China were the Netherlands ($4.6M), the United States ($3.5M) and South Korea ($1.4M), with a combined 79% share of total exports.
The Netherlands, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In February 2023, the molybdenum price amounted to $75,379 per ton (FOB, China), increasing by 24% against the previous month. In general, export price indicated a buoyant increase from February 2022 to February 2023: its price increased at an average monthly rate of +5.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, molybdenum export price increased by +71.3% against September 2022 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In February 2023, the countries with the highest prices were India ($93,909 per ton) and South Korea ($85,989 per ton), while the average price for exports to the UK ($62,670 per ton) and the United States ($70,853 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the molybdenum market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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