GCC: Market for Other than Roasted Molybdenum Ores and Concentrates 2024

Market Size for Other than Roasted Molybdenum Ores and Concentrates in GCC

After two years of decline, the GCC market for other than roasted molybdenum ores and concentrateses increased by X% to $X in 2022. Overall, consumption, however, saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Other than Roasted Molybdenum Ores and Concentrates in GCC

In value terms, production of other than roasted molybdenum ores and concentrateses dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports in GCC

In 2022, shipments abroad of other than roasted molybdenum ores and concentrateses decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of other than roasted molybdenum ores and concentrateses dropped modestly to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Saudi Arabia was the main exporter of other than roasted molybdenum ores and concentrateses in GCC, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%).

From 2012 to 2022, average annual rates of growth with regard to other than roasted molybdenum ores and concentrates exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) and Kuwait (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 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and Kuwait saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest other than roasted molybdenum ores and concentrates supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X).

Among the main exporting countries, the United Arab Emirates, 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

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports in GCC

In 2022, purchases abroad of other than roasted molybdenum ores and concentrateses decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of other than roasted molybdenum ores and concentrateses fell notably to $X in 2022. Overall, imports, however, posted temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Saudi Arabia prevails in concentrateses structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X kg), mixing up a X% share of total imports. The United Arab Emirates (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to other than roasted molybdenum ores and concentrates imports into Saudi Arabia stood at X%. Oman (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported other than roasted molybdenum ores and concentrateses in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

In Saudi Arabia, imports of other than roasted molybdenum ores and concentrateses increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($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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