Middle East: Molybdenum Market 2022

Molybdenum Market Size in the Middle East

The Middle Eastern molybdenum market rose modestly to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Molybdenum Production in the Middle East

In value terms, molybdenum production expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Production By Country in the Middle East

Iran (X tonnes) remains the largest molybdenum producing country in the Middle East, accounting for X% of total volume.

In Iran, molybdenum production remained relatively stable over the period from 2012-2021.

Molybdenum Exports

Exports in the Middle East

In 2021, approx. X tonnes of molybdenum were exported in the Middle East; increasing by X% against 2020 figures. Over the period under review, exports showed significant growth. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, molybdenum exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tonnes, which was near X% of total exports in 2021. It was distantly followed by Turkey (X tonnes), achieving a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to molybdenum exports from the United Arab Emirates stood at +X%. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. percentage points. the United Arab Emirates (-X p.p.) saw their shares reduced.

In value terms, the United Arab Emirates ($X) remains the largest molybdenum supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with an X% share of total exports.

In the United Arab Emirates, molybdenum exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the e in the Middle East amounted to $X per tonne, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per tonne), while Turkey stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%).

Molybdenum Imports

Imports in the Middle East

In 2021, the amount of molybdenum imported in the Middle East soared to X tonnes, growing by X% on 2020 figures. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tonnes. From 2020 to 2021, the growth imports failed to regain momentum.

In value terms, molybdenum imports soared to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth imports failed to regain momentum.

Import Prices by Country

In 2021, the i in the Middle East amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bahrain ($X per tonne) and Iran ($X per tonne), while the United Arab Emirates ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform