Australia: Molybdenum Market 2022

Molybdenum Market Size in Australia

In 2021, the Australian molybdenum market increased by X% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, recorded a sharp reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Molybdenum Exports

Exports from Australia

In 2021, the amount of molybdenum exported from Australia amounted to less than X kg, approximately reflecting 2020. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X kg in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, molybdenum exports stood at $less than X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for molybdenum exports from Australia, accounting for a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Thailand was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2015, the average molybdenum export price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2015 and is likely to continue growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for Thailand amounted to X% per year.

Molybdenum Imports

Imports into Australia

In 2021, overseas purchases of molybdenum were finally on the rise to reach X tonnes for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, saw a abrupt contraction. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, molybdenum imports soared to $X in 2021. Over the period under review, imports, however, showed a dramatic decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tonnes) was the main molybdenum supplier to Australia, with a X% share of total imports. Moreover, molybdenum imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR totaled -X%.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of molybdenum to Australia, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR amounted to -X%.

Import Prices by Country

The average molybdenum import price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per tonne, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Hong Kong SAR amounted to $X per tonne.

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

Source: IndexBox Platform