Molybdenum; Wire Price in Saudi Arabia - 2021
Contents:
- Molybdenum; Wire Price in Saudi Arabia (CIF) - 2022
- Molybdenum; Wire Price in Saudi Arabia (FOB) - 2022
- Molybdenum; Wire Imports in Saudi Arabia
- Molybdenum; Wire Exports in Saudi Arabia
Molybdenum; Wire Price in Saudi Arabia (CIF) - 2022
The average molybdenum; wire import price stood at $4,036 per ton in 2022, increasing by 8.4% against the previous year. Overall, the import price, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7,509%. The import price peaked at $176,149 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($33,409 per ton), while the price for Germany ($2,043 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+162.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Molybdenum; Wire Price in Saudi Arabia (FOB) - 2022
In 2022, the average molybdenum; wire export price amounted to $31,980 per ton, reducing by -40.3% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $53,601 per ton in 2021, and then contracted rapidly in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($34,471 per ton), while the average price for exports to the United Arab Emirates totaled $29,160 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.
Molybdenum; Wire Imports in Saudi Arabia
Molybdenum; wire imports into Saudi Arabia skyrocketed to 351 tons in 2022, rising by 31% compared with 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 850%. As a result, imports attained the peak of 471 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, molybdenum; wire imports skyrocketed to $1.4M in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 732% against the previous year. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Molybdenum; Wire in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 113 | 1,400 | 792 | 1,285 | 124.9% |
| Germany | 61.7 | 67.2 | 24.4 | 82.5 | 10.2% |
| Others | 46.0 | 367 | 181 | 48.8 | 2.0% |
| Total | 220 | 1,834 | 998 | 1,416 | 86.0% |
Top Suppliers of Molybdenum; Wire to Saudi Arabia in 2022:
- China (309.3 tons)
- Germany (40.4 tons)
Molybdenum; Wire Exports in Saudi Arabia
In 2022, the amount of molybdenum; wires exported from Saudi Arabia skyrocketed to 2.7 tons, increasing by 105% against the previous year's figure. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 381% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, molybdenum; wire exports soared to $85K in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 559%. As a result, the exports attained the peak of $100K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Molybdenum; Wire in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 3.0 | 10.5 | 39.4 | 48.6 | 153.0% |
| United Arab Emirates | 3.0 | 5.0 | 29.4 | 36.3 | 129.6% |
| Somalia | 5.6 | N/A | N/A | N/A | 0% |
| Oman | 3.5 | 16.0 | N/A | N/A | 357.1% |
| Sudan | N/A | 16.8 | N/A | N/A | 0% |
| Others | N/A | 52.0 | 0.6 | N/A | -98.8% |
| Total | 15.2 | 100 | 69.4 | 84.8 | 77.4% |
Top Export Markets for Molybdenum; Wire from Saudi Arabia in 2022:
- Bahrain (1.4 tons)
- United Arab Emirates (1.2 tons)
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