GCC: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in GCC

After five years of growth, the GCC molybdenum oxides and hydroxides market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a temperate expansion. The level of consumption peaked at $X in 2021, and then shrank significantly in the following year.

Production of Molybdenum Oxides And Hydroxides in GCC

In value terms, molybdenum oxides and hydroxides production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. 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.

Exports of Molybdenum Oxides And Hydroxides

Exports in GCC

After two years of growth, overseas shipments of molybdenum oxides and hydroxides decreased by X% to X tons in 2022. In general, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, molybdenum oxides and hydroxides exports dropped rapidly to $X in 2022. Overall, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

Saudi Arabia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports.

From 2014 to 2022, average annual rates of growth with regard to molybdenum oxides and hydroxides exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2014-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2014 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest molybdenum oxides and hydroxides supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value in Saudi Arabia was relatively modest.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Molybdenum Oxides And Hydroxides

Imports in GCC

In 2022, supplies from abroad of molybdenum oxides and hydroxides decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides imports declined sharply to $X in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Saudi Arabia was the key importer of molybdenum oxides and hydroxides in GCC, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X tons), committing a X% share of total imports. The United Arab Emirates (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum oxides and hydroxides import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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