Asia: Molybdenum Market 2024

Molybdenum Market Size in Asia

The Asian molybdenum market fell modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Molybdenum Production in Asia

In value terms, molybdenum production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Molybdenum Exports

Exports in Asia

In 2022, shipments abroad of molybdenum decreased by X% to X tons, falling for the fifth consecutive year after six years of growth. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, molybdenum exports expanded rapidly to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China was the main exporter of molybdenum in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Armenia (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%) and Uzbekistan (X%).

China was also the fastest-growing in terms of the molybdenum exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Japan (X%) displayed positive paces of growth. By contrast, Armenia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Japan and Uzbekistan increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest molybdenum supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

In China, molybdenum exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady 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 Japan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

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

Molybdenum Imports

Imports in Asia

In 2022, the amount of molybdenum imported in Asia skyrocketed to X tons, rising by X% on 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum imports shrank to $X in 2022. Over the period under review, imports enjoyed mild growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported molybdenum in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :