Asia: Molybdenum Market 2022

Molybdenum Market Size in Asia

The Asian molybdenum market expanded to $X in 2021, increasing by X% against the previous year. In general, consumption showed a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Molybdenum Production in Asia

In value terms, molybdenum production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Production By Country in Asia

The country with the largest volume of molybdenum production was China (X tonnes), comprising approx. X% of total volume. Moreover, molybdenum production in China exceeded the figures recorded by the second-largest producer, Armenia (X tonnes), ninefold. The third position in this ranking was occupied by Iran (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in China stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: Armenia (+X% per year) and Iran (-X% per year).

Molybdenum Exports

Exports in Asia

In 2021, overseas shipments of molybdenum decreased by -X% to X tonnes, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, molybdenum exports surged to $X in 2021. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2021, the e in Asia amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per tonne), while Armenia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced a decline in the export price figures.

Molybdenum Imports

Imports in Asia

In 2021, imports of molybdenum in Asia surged to X tonnes, increasing by X% on 2020. Over the period under review, imports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, molybdenum imports soared to $X in 2021. In general, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan represented the largest importer of molybdenum in Asia, with the volume of imports accounting for X tonnes, which was near X% of total imports in 2021. India (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by South Korea (X%), Hong Kong SAR (X%) and China (X%). The United Arab Emirates (X tonnes) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), India ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports. China, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further X United Arab Emirates, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the i in Asia amounted to $X per tonne, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform