Germany: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Germany

The German molybdenum ore market skyrocketed to $X in 2021, jumping by 411% 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, recorded a abrupt contraction. Molybdenum ore consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Molybdenum Ore Exports

Exports from Germany

In 2021, molybdenum ore exports from Germany shrank notably to X tons, reducing by -15.8% compared with 2020 figures. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, molybdenum ore exports soared to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 262%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for molybdenum ore exports from Germany, with a 57% share of total exports. Moreover, molybdenum ore exports to Vietnam exceeded the volume sent to the second major destination, Russia (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+210.8% per year) and the Czech Republic (+31.3% per year).

In value terms, the largest markets for molybdenum ore exported from Germany were Vietnam ($X), Italy ($X) and Russia ($X), with a combined 67% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +142.9%, recorded the highest growth rate of 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 ore export price stood at $X per ton in 2021, jumping by 48% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 324%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Ore Imports

Imports into Germany

In 2021, approx. X tons of molybdenum ores were imported into Germany; increasing by 31% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 32%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, molybdenum ore imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest molybdenum ore supplier to Germany, with a 76% share of total imports. Moreover, molybdenum ore imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Luxembourg (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.8% per year) and Luxembourg (-0.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of molybdenum ore to Germany, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by Sweden, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.4% per year) and Sweden (+6.2% per year).

Import Prices by Country

The average molybdenum ore import price stood at $X per ton in 2021, picking up by 75% against the previous year. In general, the import price enjoyed a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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