Latin America and the Caribbean: Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size in Latin America and the Caribbean

In 2023, the Latin American ferro-molybdenum market increased by X% to $X, rising for the second year in a row after four years of decline. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Ferro-Molybdenum Production in Latin America and the Caribbean

In value terms, ferro-molybdenum production soared to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ferro-Molybdenum Exports

Exports in Latin America and the Caribbean

In 2023, ferro-molybdenum exports in Latin America and the Caribbean contracted modestly to X tons, with a decrease of X% against the previous year. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ferro-molybdenum exports surged to $X in 2023. Over the period under review, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Chile (X tons) was the key exporter of ferro-molybdenum, comprising X% of total exports. It was distantly followed by Brazil (X tons), comprising a X% share of total exports.

Exports from Chile decreased at an average annual rate of X% from 2012 to 2023. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Brazil increased by X percentage points.

In value terms, Chile ($X) remains the largest ferro-molybdenum supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Chile was relatively modest.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%).

Ferro-Molybdenum Imports

Imports in Latin America and the Caribbean

In 2023, imports of ferro-molybdenum in Latin America and the Caribbean skyrocketed to X tons, rising by X% against the previous year's figure. In general, imports, however, recorded a abrupt setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ferro-molybdenum imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a perceptible setback. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Argentina (X tons) represented the main importer of ferro-molybdenum, constituting X% of total imports. Brazil (X tons) took the second position in the ranking, distantly followed by Mexico (X tons) and Peru (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-molybdenum imports into Argentina stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Brazil (X p.p.) and Mexico (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) constitutes the largest market for imported ferro-molybdenum in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

In Argentina, ferro-molybdenum imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price recorded strong growth. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Argentina ($X per ton) and Mexico ($X per ton), while Peru ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform