Middle East: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in the Middle East

In 2022, after four years of growth, there was significant decline in the Middle Eastern molybdenum oxides and hydroxides market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank significantly in the following year.

Production of Molybdenum Oxides And Hydroxides in the Middle East

In value terms, molybdenum oxides and hydroxides production reduced to $X in 2022 estimated in export price. In general, production, however, saw a slight setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Molybdenum Oxides And Hydroxides

Exports in the Middle East

In 2022, exports of molybdenum oxides and hydroxides in the Middle East contracted modestly to X tons, shrinking by X% against 2021. Total exports indicated a tangible increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides exports shrank rapidly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Iran prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Saudi Arabia (X tons) followed a long way behind the leaders.

Iran was also the fastest-growing in terms of the molybdenum oxides and hydroxides exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (X p.p.) displayed negative dynamics.

In value terms, Iran ($X) remains the largest molybdenum oxides and hydroxides supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In Iran, molybdenum oxides and hydroxides exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Molybdenum Oxides And Hydroxides

Imports in the Middle East

In 2022, purchases abroad of molybdenum oxides and hydroxides decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports fell remarkably to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

Saudi Arabia represented the main importer of molybdenum oxides and hydroxides in the Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Kuwait (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). The United Arab Emirates (X tons) and Iran (X tons) took a little 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 Iran (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest molybdenum oxides and hydroxides importing markets in the Middle East were Saudi Arabia ($X), Kuwait ($X) and Turkey ($X), together comprising X% of total imports. Iran and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a modest increase 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 oxides and hydroxides import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :