Latest Report Update: Mar 13, 2023
U.S. - Molybdenum Ore - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Mar 13, 2023
U.S. Molybdenum Ore Price Decreases to $19.6 per kg
U.S. Molybdenum Ore Export Price in December 2022
In December 2022, the molybdenum ore price stood at $19.6 per kg (FOB, US), which is down by -2.1% against the previous month. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in May 2022 an increase of 9.6% m-o-m. Over the period under review, the average export prices attained the maximum at $26.3 per kg in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Japan ($36.3 per kg), while the average price for exports to Vietnam ($13.2 per kg) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Molybdenum Ore Exports
In December 2022, shipments abroad of molybdenum ores increased by 13% to 4.9K tons, rising for the third consecutive month after three months of decline. In general, total exports indicated a moderate increase from January 2022 to December 2022: its volume increased at an average monthly rate of +3.5% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +76.1% against September 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 87% month-to-month. As a result, the exports attained the peak of 6.1K tons. From July 2022 to December 2022, the growth of the exports failed to regain momentum.
In value terms, molybdenum ore exports totaled $96M (IndexBox estimates) in December 2022. Overall, total exports indicated a slight increase from January 2022 to December 2022: its value increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, exports increased by +40.8% against September 2022 indices. The pace of growth appeared the most rapid in June 2022 when exports increased by 66% against the previous month. As a result, the exports attained the peak of $135M. From July 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
U.S. Molybdenum Ore Exports by Country
The Netherlands (2.7K tons) was the main destination for molybdenum ore exports from the United States, accounting for a 56% share of total exports. Moreover, molybdenum ore exports to the Netherlands exceeded the volume sent to the second major destination, the UK (781 tons), threefold. The third position in this ranking was held by China (503 tons), with a 10% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume to the Netherlands amounted to +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+5.3% per month) and China (+92.3% per month).
In value terms, the Netherlands ($45M) remains the key foreign market for molybdenum ore exports from the United States, comprising 47% of total exports. The second position in the ranking was taken by the UK ($17M), with an 18% share of total exports. It was followed by Japan, with a 12% share.
From January 2022 to December 2022, the average monthly growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+3.7% per month) and Japan (+1.0% per month).
Key Factors That Impact the Price of Molybdenum
Molybdenum is a chemical element that is commonly used in the steel, chemical, and electrical industries.
The price of molybdenum can fluctuate due to various factors, including supply and demand, global economic trends, and geopolitical events. In recent years, the price of molybdenum has been relatively stable, with modest increases and decreases.
One factor that can impact the price of molybdenum is supply and demand. Molybdenum is primarily mined in countries such as China, Chile, and the United States, and its production is dependent on factors such as labor costs, mining regulations, and environmental concerns. If the demand for molybdenum increases, but the supply remains relatively unchanged, this can drive up prices.
Another factor that can impact molybdenum prices is global economic trends. Molybdenum is used in various industries, including steel production and construction, and its price can be influenced by global economic conditions. For example, if there is an economic downturn, demand for molybdenum may decrease, which can result in lower prices.
Geopolitical events can also impact molybdenum prices. For example, trade tensions between major economies can result in tariffs or other restrictions on the import and export of molybdenum, which can affect prices. Additionally, political instability in major molybdenum-producing countries can impact the global supply and price of molybdenum.
In conclusion, the price of molybdenum in the United States can vary due to supply and demand, global economic trends, and geopolitical events.
This report provides an in-depth analysis of the molybdenum ore market in the U.S.. 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.
Product coverage:
• Prodcom 07291925 -
• Prodcom 07291926 -
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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