MENA: Molybdenum Market 2024

Molybdenum Market Size in MENA

The MENA's molybdenum market fell slightly to $X in 2022, declining by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Molybdenum Production in MENA

In value terms, molybdenum production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Molybdenum Exports

Exports in MENA

In 2022, the amount of molybdenum exported in MENA shrank dramatically to X tons, with a decrease of X% compared with the year before. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, molybdenum exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of molybdenum in MENA, comprising X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the molybdenum exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest molybdenum supplier in MENA.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, flattening at the previous year. Export price indicated a moderate expansion 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 export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Molybdenum Imports

Imports in MENA

After two years of growth, supplies from abroad of molybdenum decreased by X% to X tons in 2022. In general, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced remarkably in the following year.

In value terms, molybdenum imports fell dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the key importer of molybdenum, making up X% of total imports. Turkey (X tons) took the second position in the ranking, distantly followed by Israel (X kg). All these countries together held approx. X% share of total imports. Iran (X kg) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest molybdenum importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 MENA stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a pronounced expansion 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 import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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