Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria - 2022
Contents:
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
- Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria (CIF) - 2022
The average import price for molybdenum; articles thereof, including waste and scrap stood at $8,286 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a dramatic decrease. The growth pace was the most rapid in 2016 when the average import price increased by 54%. Over the period under review, average import prices reached the peak figure at $96,360 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($203,000 per ton), while the price for India ($7,679 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+48.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria
In 2022, purchases abroad of molybdenum; articles thereof, including waste and scrap was finally on the rise to reach 4.2 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of molybdenum; articles thereof, including waste and scrap skyrocketed to $35K in 2022. Over the period under review, imports, however, saw a drastic downturn.
| Import of Molybdenum; Articles Thereof, Including Waste and Scrap in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.1 | 8.3 | 1.3 | 31.6 | 116.8% |
| United Kingdom | 0.4 | 0.4 | 0.1 | 3.3 | 102.1% |
| Germany | 2.3 | 1.1 | 0.1 | N/A | -79.1% |
| Austria | 10.5 | N/A | N/A | N/A | 0% |
| France | 6.5 | N/A | N/A | N/A | 0% |
| United States | 16.8 | 4.6 | N/A | N/A | -72.6% |
| Others | 3.5 | 4.9 | 0.4 | 0.2 | -61.5% |
| Total | 43.2 | 19.2 | 1.9 | 35.1 | -6.7% |
Top Suppliers of Molybdenum; Articles Thereof, Including Waste and Scrap to Nigeria in 2022:
- India (4.1 tons)
- United Kingdom (0.1 tons)
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