Brazil: Molybdenum Market 2023

Molybdenum Market Size in Brazil

The Brazilian molybdenum market surged to $X in 2022, jumping by 91% 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). Over the period under review, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Molybdenum Exports

Exports from Brazil

In 2019, after two years of decline, there was decline in overseas shipments of molybdenum, when their volume decreased by 0% to X kg. In general, exports faced a dramatic downturn. The smallest decline of 99.9% was in 2017. The exports peaked at X kg in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

In value terms, molybdenum exports amounted to $X in 2019. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for molybdenum exports from Brazil, accounting for a approx. 100% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of volume to China was relatively modest.

From 2016 to 2019, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average molybdenum export price stood at $X per ton in 2019, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

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

From 2016 to 2019, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Molybdenum Imports

Imports into Brazil

In 2022, supplies from abroad of molybdenum increased by 50% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by 71%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable setback. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of molybdenum to Brazil, accounting for a 88% share of total imports. Moreover, molybdenum imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.2% per year) and Austria (+13.8% per year).

In value terms, China ($X) constituted the largest supplier of molybdenum to Brazil, comprising 81% of total imports. The second position in the ranking was held by Austria ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+12.6% per year) and Germany (+36.9% per year).

Import Prices by Country

In 2022, the average molybdenum import price amounted to $X per ton, increasing by 47% against the previous year. Overall, the import price posted modest growth. The most prominent rate of growth was recorded in 2018 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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