China: Molybdenum Market 2024

Molybdenum Market Size in China

The Chinese molybdenum market shrank to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, recorded a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Molybdenum Production in China

In value terms, molybdenum production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Molybdenum Exports

Exports from China

In 2022, shipments abroad of molybdenum decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, molybdenum exports surged to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Japan (X tons) and the United States (X tons) were the main destinations of molybdenum exports from China, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for molybdenum exported from China were the Netherlands ($X), Japan ($X) and the United States ($X), with a combined X% share of total exports.

Among the main countries of destination, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average molybdenum export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Imports

Imports into China

In 2022, the amount of molybdenum imported into China fell dramatically to X kg, which is down by X% against the year before. In general, imports showed a sharp downturn. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, molybdenum imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X kg) constituted the largest supplier of molybdenum to China, accounting for a X% share of total imports. Moreover, molybdenum imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Germany ($X) appeared to be the largest molybdenum suppliers to China, with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average molybdenum import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Taiwan (Chinese) ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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