Northern America: Molybdenum Market 2022

Molybdenum Market Size in Northern America

The North American molybdenum market stood at $X in 2021, with an increase of X% against the previous year. In general, consumption, however, showed a mild reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Molybdenum Production in Northern America

In value terms, molybdenum production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Production By Country in Northern America

The country with the largest volume of molybdenum production was the United States (X tonnes), accounting for X% of total volume. Moreover, molybdenum production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tonnes), fourfold.

In the United States, molybdenum production declined by an average annual rate of -X% over the period from 2012-2021.

Molybdenum Exports

Exports in Northern America

In 2021, shipments abroad of molybdenum was finally on the rise to reach X tonnes after three years of decline. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, molybdenum exports surged to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Export Prices by Country

The export price in Northern America stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2021, the country with the highest price was the United States ($X per tonne), while Canada totaled $X per tonne.

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

Molybdenum Imports

Imports in Northern America

In 2021, supplies from abroad of molybdenum increased by X% to X tonnes for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tonnes. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, molybdenum imports surged to $X in 2021. Overall, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Import Prices by Country

In 2021, the i in Northern America amounted to $X per tonne, rising by X% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Source: IndexBox Platform