Which Country Exports the Most Molybdenum Ores and Concentrates in the World?

Uranium And Thorium Ores May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the global exports of molybdenum ore totaled 276K tonnes, remaining stable against the previous year level. Overall, it indicated a strong increase from 2007 to 2016: the total exports volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, molybdenum ore exports decreased by -18.8% against its level of 2013. The most prominent rate of growth was recorded in 2010, when export increased by 80% from the previous year level. Over the period under review, global molybdenum ore exports attained its maximum volume of 340K tonnes in 2013; however, from 2014 to 2016, it failed to regain its strength.

In value terms, molybdenum ore exports totaled $2B in 2016. In general, molybdenum ore exports continue to indicate a deep deduction. Global molybdenum ore export peaked of $9.7B in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

Top Molybdenum Ore Exporting Countries in the World

1. Chile (740.6 million USD)

2. USA (348.8 million USD)

3. Peru (272.7 million USD)

4. Netherlands (197.5 million USD)

5. Mexico (159.7 million USD)

6. Italy (66.5 million USD)

7. China (46.0 million USD)

8. Belgium (36.5 million USD)

9. Germany (27.8 million USD)

10. Mongolia (26.4 million USD)

11. South Korea (17.5 million USD)

Molybdenum Ore Exports By Country

In 2016, Chile (98K tonnes) was the key exporter for molybdenum ore, achieving 35% of total exports. Peru (45K tonnes) ranks second globally in molybdenum ore exports with a 16% share, following the U.S. (10%), the Netherlands (9%), and Mexico (7%). Belgium (11K tonnes), South Korea (8.8K tonnes), Italy (7.8K tonnes), China (6.2K tonnes), Germany (5.9K tonnes), and Mongolia (5.8K tonnes) held the minor share of total exports.

Chile was also the fastest growing in terms of the molybdenum ore exports, with a CAGR of +118.4% from 2007 to 2016. At the same time, Italy (+44.8%), South Korea (+16.0%), Germany (+8.9%), Mongolia (+6.8%), and Peru (+4.7%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Mexico (-1.6%), the U.S. (-2.0%), Belgium (-7.6%), and China (-14.5%) illustrated a downward trend over the same period. China (7%), Belgium (4%), and the U.S. (2%) significantly strengthened its position in terms of the global exports, while South Korea, Italy, Peru, and Chile saw its share reduced by -2.4%, -2.7%, -5.6%, and -35.5% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($741M) remains the largest molybdenum ore supplier in the world, making up 36% of global exports. The second position in the ranking was occupied by the U.S. ($349M), with the share of 17% of global exports. It was followed by Peru, with the share of 13%.

In Chile, molybdenum ore exports contracted by an average annual rate of -14.9% over the period from 2007-2016. The remaining exporting countries recorded the following average annual rates: the U.S. (-15.8% per year) and Peru (-13.4% per year).

Molybdenum Ore Export Prices By Country

In 2016, the average export price for molybdenum ore amounted to $7,422 per tonne, going down by -17.4% against the previous year. In general, molybdenum ore export price continues to indicate a drastic deduction. The growth pace was the most rapid in 2014, when export increased by 40% from the previous year level. Over the period under review, average molybdenum ore export price attained its maximum level of $53 per kg in 2007; however, from 2008 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was the U.S. ($12 per kg), while South Korea ($1,988 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of molybdenum ore export prices was attained by Mexico (-13.5% per year), while the other global leaders experienced a decline in the export price figures.

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All data provided in this article covers the following product: HS Code 2613 - Molybdenum ores and concentrates.

Source: World: Molybdenum Ores And Concentrates - Market Report. Analysis and Forecast to 2025