Molybdenum Market - Molybdenum Trade Declines Across the Board

Other Mining And Quarrying November 18, 2016
Author: Maria Fadeeva
Market Analyst

molybdenum market

Photo: © Branko B Jovanovic / Bigstockphoto

The global trade in molybdenum amounted to 484 million USD in 2015, fluctuating wildly over the period under review. A 61% drop in 2009 was followed by recovery over the next two years, until exports decreased again, continuing to fall for the remainder of the period under review, with the exception of a slight reversal in 2014. Overall, there was an annual decrease of -9.1% from 2007 to 2015.

According to IndexBox estimates, China continued to lead by a large margin in global exports on the molybdenum market. In 2015, China's molybdenum exports totaled 198 million USD, which accounted for a 41% share in terms of global exports. USA, Japan, Germany, and the Republic of Korea were the other key global suppliers of molybdenum in 2015, with a 43% combined share of global exports.

Every major exporter of molybdenum posted a decline in exports over the period under review. China increased its share of global exports of molybdenum from 35% in 2007 to 41% in 2015.

China (21%, based on value terms), Germany (14%), the Republic of Korea (14%), Japan (10%), and USA (8%) were the leading destinations of molybdenum imports in 2015. Under an overall decline of global imports, Germany posted the most rapid decline of approx. -13.7% rep year over the period under review. China's share in terms of global imports increased by +8 percentage points, while the share of Germany illustrated negative dynamics (-7 percentage points).

Global Exports Of Molybdenum, In Value Terms

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Source: World: Molybdenum - Market Report. Analysis And Forecast To 2020