China: Molybdenum Market 2022

Molybdenum Market Size in China

The Chinese molybdenum market stood at $X in 2021, growing by X% against the previous year. In general, consumption showed a perceptible shrinkage. Molybdenum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Molybdenum Production in China

In value terms, molybdenum production expanded slightly to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by X%. Molybdenum production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Molybdenum Exports

Exports from China

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, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tonnes in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, molybdenum exports dropped to $X in 2021. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tonnes), the United States (X tonnes) and the UK (X tonnes) were the main destinations of molybdenum exports from China, with a combined X% share of total exports. These countries were followed by Austria, Estonia, India, South Korea, France, Singapore, Hong Kong SAR and Russia, which together accounted for a further X 2012 to 2021, the biggest increases were in Singapore (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 Japan ($X), the United States ($X) and the UK ($X), together accounting for X% of total exports.

Japan, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average molybdenum export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Imports

Imports into China

In 2021, after three years of decline, there was significant growth in supplies from abroad of molybdenum, when their volume increased by X% to X tonnes. Over the period under review, imports showed a resilient increase. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, molybdenum imports soared to $X in 2021. Overall, imports enjoyed tangible growth. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tonnes) constituted the largest supplier of molybdenum to China, accounting for a X% share of total imports. Moreover, molybdenum imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), twofold. The United Arab Emirates (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of molybdenum to China, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2021, the average molybdenum import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne, and then dropped notably 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 Arab Emirates ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform