Roasted Molybdenum Ores and Concentrates Market

The article discusses the increasing demand for roasted molybdenum ores and concentrates globally, with projections for market performance and trends from 2022 to 2030. It covers consumption patterns, market size, value, production volumes, imports, and exports, highlighting key countries such as Chile, Japan, China, and the Netherlands. The analysis also includes per capita consumption rates, growth rates, and price trends for roasted molybdenum ores and concentrates.

Market Forecast

Driven by increasing demand for 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 accelerate, expanding with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market volume to 297K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $6.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Roasted Molybdenum Ores and Concentrates

In 2022, the amount of roasted molybdenum ores and concentrateses consumed worldwide amounted to 256K tons, surging by 4.3% on the previous year's figure. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 9.9%. Global consumption peaked in 2022 and is likely to continue growth in years to come.

The size of the market for roasted molybdenum ores and concentrateses worldwide expanded markedly to $4.4B in 2022, growing by 12% 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 +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Chile (53K tons), Japan (35K tons) and China (22K tons), together comprising 43% of global consumption. Brazil, South Korea, Belgium, the Netherlands, the UK, India, Mexico, the United States, Italy and Vietnam lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Italy (with a CAGR of +15.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest roasted molybdenum ores and concentrates markets worldwide were Japan ($758M), Chile ($744M) and South Korea ($391M), together accounting for 43% of the global market. China, Brazil, the Netherlands, India, the UK, the United States, Belgium, Mexico, Italy and Vietnam lagged somewhat behind, together accounting for a further 45%.

In terms of the main consuming countries, Italy, with a CAGR of +17.8%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of roasted molybdenum ores and concentrates per capita consumption was registered in Chile (2,750 kg per 1000 persons), followed by Belgium (1,089 kg per 1000 persons), the Netherlands (665 kg per 1000 persons) and South Korea (355 kg per 1000 persons), while the world average per capita consumption of roasted molybdenum ores and concentrates was estimated at 32 kg per 1000 persons.

In Chile, roasted molybdenum ores and concentrates per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Belgium (+3.8% per year) and the Netherlands (-5.4% per year).

Production

World Production of Roasted Molybdenum Ores and Concentrates

In 2022, approx. 246K tons of roasted molybdenum ores and concentrateses were produced worldwide; flattening at the year before. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 3.9% against the previous year. Global production peaked in 2022 and is expected to retain growth in the near future.

In value terms, roasted molybdenum ores and concentrates production fell slightly to $3.6B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild setback. The growth pace was the most rapid in 2018 when the production volume increased by 18% against the previous year. Global production peaked at $4.1B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of roasted molybdenum ores and concentrates production was Chile (109K tons), comprising approx. 45% of total volume. Moreover, roasted molybdenum ores and concentrates production in Chile exceeded the figures recorded by the second-largest producer, the Netherlands (30K tons), fourfold. China (26K tons) ranked third in terms of total production with an 11% share.

In Chile, roasted molybdenum ores and concentrates production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+0.4% per year) and China (+0.0% per year).

Imports

World Imports of Roasted Molybdenum Ores and Concentrates

In 2022, overseas purchases of roasted molybdenum ores and concentrateses decreased by -13.4% to 170K tons, falling for the second year in a row after four years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 30%. Over the period under review, global imports hit record highs at 208K tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, roasted molybdenum ores and concentrates imports expanded modestly to $3.5B in 2022. Over the period under review, imports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2021 with an increase of 51%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, Japan (35K tons), distantly followed by South Korea (21K tons), Brazil (20K tons), the Netherlands (12K tons), the UK (11K tons), India (10K tons) and Belgium (9.9K tons) were the main importers of roasted molybdenum ores and concentrateses, together creating 71% of total imports. The following importers - China (7.3K tons), Italy (6.9K tons), Sweden (5.5K tons), Vietnam (5.5K tons), Russia (3.9K tons) and Spain (3.5K tons) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +16.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest roasted molybdenum ores and concentrates importing markets worldwide were Japan ($838M), South Korea ($510M) and Brazil ($294M), together comprising 47% of global imports. The Netherlands, the UK, India, China, Italy, Sweden, Belgium, Spain, Russia and Vietnam lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Vietnam, with a CAGR of +19.7%, recorded the highest rates of growth with regard to 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 roasted molybdenum ores and concentrateses stood at $20,653 per ton in 2022, growing by 21% against the previous year. In general, the import price enjoyed a measured increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 60%. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($25,655 per ton), while Vietnam ($2,281 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Roasted Molybdenum Ores and Concentrates

In 2022, overseas shipments of roasted molybdenum ores and concentrateses decreased by -18% to 159K tons, falling for the second year in a row after five years of growth. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. The global exports peaked at 208K tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted molybdenum ores and concentrates exports rose to $3.6B in 2022. In general, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 53%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

Chile was the major exporting country with an export of about 58K tons, which amounted to 36% of total exports. It was distantly followed by the Netherlands (30K tons), the United States (19K tons), Mexico (13K tons), Belgium (12K tons) and China (12K tons), together achieving a 54% share of total exports. The following exporters - Thailand (3.8K tons) and Germany (3.1K tons) - each amounted to a 4.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +14.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Chile ($1.4B), the Netherlands ($713M) and the United States ($511M) were the countries with the highest levels of exports in 2022, with a combined 72% share of global exports. Mexico, China, Belgium, Thailand and Germany lagged somewhat behind, together comprising a further 25%.

Thailand, with a CAGR of +31.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for roasted molybdenum ores and concentrateses stood at $22,622 per ton in 2022, picking up by 24% against the previous year. In general, the export price posted tangible growth. The most prominent rate of growth was recorded in 2021 an increase of 61%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($27,529 per ton), while Germany ($3,813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform