Other than Roasted Molybdenum Ores and Concentrates Market

The article discusses the increasing demand for other than roasted molybdenum ores and concentrates globally, with an estimated market volume of 162K tons by 2030. It analyzes market performance, consumption trends, production, imports, and exports from 2012 to 2022, as well as projections for the future. Key insights include the top consuming and producing countries, market value, average prices, and growth rates over the years.

Market Forecast

Driven by increasing demand for other than roasted molybdenum ores and concentrateses worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 162K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market value to $2.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Other than Roasted Molybdenum Ores and Concentrates

In 2022, consumption of other than roasted molybdenum ores and concentrateses decreased by -7.7% to 158K tons, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at 174K tons in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The value of the market for other than roasted molybdenum ores and concentrateses worldwide amounted to $2.4B in 2022, increasing by 7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (31K tons), the Netherlands (24K tons) and Peru (17K tons), together accounting for 45% of global consumption.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.4%), while concentrateses for the other global leaders experienced more modest paces of growth.

In value terms, the largest other than roasted molybdenum ores and concentrates markets worldwide were the Netherlands ($411M), China ($380M) and Belgium ($277M), together accounting for 45% of the global market.

China, with a CAGR of +32.8%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while concentrateses for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of other than roasted molybdenum ores and concentrates per capita consumption in 2022 were Armenia (1,643 kg per 1000 persons), the Netherlands (1,389 kg per 1000 persons) and Belgium (1,243 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of concentrateses, amongst the leading consuming countries, was attained by China (with a CAGR of +29.4%), while concentrateses for the other global leaders experienced more modest paces of growth.

Production

World Production of Other than Roasted Molybdenum Ores and Concentrates

In 2022, approx. 148K tons of other than roasted molybdenum ores and concentrateses were produced worldwide; with an increase of 11% compared with 2021. In general, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, global production of attained the maximum volume at 185K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, production of other than roasted molybdenum ores and concentrateses rose modestly to $1.8B in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 11%. Global production peaked at $1.9B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

Peru (63K tons) remains the largest other than roasted molybdenum ores and concentrates producing country worldwide, comprising approx. 43% of total volume. Moreover, production of other than roasted molybdenum ores and concentrateses in Peru exceeded the figures recorded by the second-largest producer, Armenia (21K tons), threefold. Canada (16K tons) ranked third in terms of total production with an 11% share.

In Peru, production of other than roasted molybdenum ores and concentrateses remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Armenia (+3.1% per year) and Canada (+0.8% per year).

Imports

World Imports of Other than Roasted Molybdenum Ores and Concentrates

In 2022, purchases abroad of other than roasted molybdenum ores and concentrateses decreased by -13.4% to 169K tons, falling for the second year in a row after five years of growth. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. As a result, imports attained the peak of 212K tons. From 2021 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of other than roasted molybdenum ores and concentrateses expanded rapidly to $3B in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

The Netherlands (37K tons), China (34K tons), the United States (29K tons) and Chile (28K tons) represented roughly 75% of total imports in 2022. Belgium (16K tons) ranks next in terms of the total imports with a 9.6% share, followed by South Korea (8.6%). Thailand (5.4K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +36.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($653M), Chile ($511M) and the United States ($511M) constituted the countries with the highest levels of imports in 2022, with a combined 56% share of global imports. China, Belgium, South Korea and Thailand lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Thailand, with a CAGR of +67.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for other than roasted molybdenum ores and concentrateses stood at $17,565 per ton in 2022, rising by 30% against the previous year. Over the period under review, the import price recorded a measured increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($24,850 per ton), while Thailand ($9,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+39.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Other than Roasted Molybdenum Ores and Concentrates

In 2022, approx. 159K tons of other than roasted molybdenum ores and concentrateses were exported worldwide; remaining constant against the year before. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 31%. The global exports peaked at 177K tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of other than roasted molybdenum ores and concentrateses amounted to $2.5B in 2022. Overall, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 59%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Peru (47K tons), distantly followed by Chile (30K tons), the United States (29K tons), Armenia (16K tons) and the Netherlands (13K tons) were the main exporters of other than roasted molybdenum ores and concentrateses, together comprising 84% of total exports. Mongolia (6K tons) and China (4.1K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +35.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest other than roasted molybdenum ores and concentrates supplying countries worldwide were Peru ($855M), the United States ($570M) and Chile ($471M), together accounting for 75% of global exports. The Netherlands, Armenia, Mongolia and China lagged somewhat behind, together accounting for a further 20%.

Among the main exporting countries, China, with a CAGR of +32.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for other than roasted molybdenum ores and concentrateses amounted to $15,945 per ton, growing by 9.9% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for other than roasted molybdenum ores and concentrateses increased by +58.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 44% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($19,948 per ton), while Armenia ($7,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform