Africa: Molybdenum Market 2022

Molybdenum Market Size in Africa

In 2021, the African molybdenum market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Molybdenum Production in Africa

In value terms, molybdenum production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Production By Country in Africa

South Africa (X tonnes) remains the largest molybdenum producing country in Africa, comprising approx. X% of total volume.

In South Africa, molybdenum production expanded at an average annual rate of +X% over the period from 2012-2021.

Molybdenum Exports

Exports in Africa

In 2021, after two years of growth, there was significant decline in shipments abroad of molybdenum, when their volume decreased by -X% to X kg. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, molybdenum exports dropped to $X in 2021. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Export Prices by Country

In 2021, the e in Africa amounted to $X per tonne, waning by -X% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molybdenum export price increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per tonne in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +X% per year.

Molybdenum Imports

Imports in Africa

In 2021, supplies from abroad of molybdenum decreased by -X% to X tonnes for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tonnes in 2020, and then dropped in the following year.

In value terms, molybdenum imports contracted slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

Import Prices by Country

In 2021, the i in Africa amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per tonne), while Nigeria stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-X%).

Source: IndexBox Platform