Price for Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea - 2022
Contents:
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022
- Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea
- Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022
The average import price for molybdenum; articles thereof, including waste and scrap stood at $96,855 per ton in December 2022, with an increase of 35% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The import price peaked at $102K per ton in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Austria ($127K per ton), while the price for Vietnam ($10,364 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022
In 2022, the average export price for molybdenum; articles thereof, including waste and scrap amounted to $57,609 per ton, which is down by -12.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, the export price attained the peak level of $66,167 per ton, and then fell in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($205,473 per ton), while the average price for exports to Austria ($29,101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea
In 2022, imports of molybdenum; articles thereof, including waste and scrap into South Korea fell dramatically to 723 tons, declining by -15.5% compared with the previous year's figure. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
In value terms, imports of molybdenum; articles thereof, including waste and scrap reduced modestly to $66M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $67M, and then fell slightly in the following year.
| Import of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.3 | 19.8 | 24.6 | 27.6 | 19.2% |
| Japan | 24.3 | 18.8 | 25.3 | 18.3 | -9.0% |
| Austria | 13.8 | 10.7 | 15.7 | 17.7 | 8.7% |
| United States | 6.3 | 1.2 | 0.8 | 0.6 | -54.3% |
| Mexico | 2.9 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.8 | 0.8 | 1.5 | 18.6% |
| Total | 64.5 | 51.2 | 67.2 | 65.7 | 0.6% |
Top Suppliers of Molybdenum; Articles Thereof, Including Waste and Scrap to South Korea in 2022:
- China (375.5 tons)
- Japan (166.2 tons)
- Austria (149.6 tons)
- United States (8.2 tons)
Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea
In 2022, exports of molybdenum; articles thereof, including waste and scrap from South Korea expanded remarkably to 397 tons, increasing by 9.8% on 2021 figures. Overall, exports, however, saw a abrupt descent.
In value terms, exports of molybdenum; articles thereof, including waste and scrap reduced to $23M in 2022. Over the period under review, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.
| Export of Molybdenum; Articles Thereof, Including Waste and Scrap in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 6.1 | 5.6 | 5.5 | -12.5% |
| Hong Kong SAR | 2.8 | 2.9 | 5.2 | 5.5 | 25.2% |
| Japan | 4.2 | 2.4 | 2.3 | 2.7 | -13.7% |
| Malaysia | 2.7 | 3.4 | 3.7 | 2.6 | -1.3% |
| Austria | 0.1 | 0.1 | 2.0 | 2.3 | 184.4% |
| Netherlands | 0.1 | 0.6 | 1.0 | 1.8 | 162.1% |
| United Kingdom | 0.3 | 0.2 | 1.2 | 1.6 | 74.7% |
| United States | 4.4 | 1.3 | 1.7 | N/A | -37.8% |
| Others | 2.2 | 1.7 | 1.3 | 0.8 | -28.6% |
| Total | 25.1 | 18.8 | 23.9 | 22.9 | -3.0% |
Top Export Markets for Molybdenum; Articles Thereof, Including Waste and Scrap from South Korea in 2022:
- Hong Kong SAR (114.0 tons)
- Austria (78.3 tons)
- Japan (67.5 tons)
- United Kingdom (41.0 tons)
- Netherlands (38.6 tons)
- China (30.8 tons)
- Malaysia (12.8 tons)
- United States (1.4 tons)
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