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Philippines - Molybdenum Ore - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in the Philippines

The Philippine molybdenum ore market rose modestly to $X in 2021, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Molybdenum Ore Production in the Philippines

In value terms, molybdenum ore production rose sharply to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Molybdenum Ore Exports

Exports from the Philippines

In 2021, shipments abroad of molybdenum ores was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, molybdenum ore exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for molybdenum ore exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -20.1%.

In value terms, China ($X) also remains the key foreign market for molybdenum ore exports from the Philippines.

From 2012 to 2021, the average annual growth rate of value to China totaled -21.5%.

Export Prices by Country

In 2021, the average molybdenum ore export price amounted to $X per ton, picking up by 8.8% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The pace of growth was the most pronounced in 2019 an increase of 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +107.4% per year.

Molybdenum Ore Imports

Imports into the Philippines

In 2021, the amount of molybdenum ores imported into the Philippines surged to X tons, jumping by 22% against the previous year. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 86%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, molybdenum ore imports stood at $X in 2021. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), the Netherlands (X tons) and the United States (X kg) were the main suppliers of molybdenum ore imports to the Philippines.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +38.8%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of molybdenum ore to the Philippines, comprising 91% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-24.6% per year) and the United States (-47.5% per year).

Import Prices by Country

The average molybdenum ore import price stood at $X per ton in 2021, shrinking by -6.1% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molybdenum ore import price increased by +101.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-4.3%), while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for molybdenum ore in the world?

The countries with the highest volumes of consumption in 2021 were Chile, the United States and Japan, with a combined 41% share of global consumption. These countries were followed by China, South Korea, Canada, Brazil, Belgium, the UK, India, Mexico, the Netherlands and the Philippines, which together accounted for a further 43%.

What are the largest producers of molybdenum ore in the world?

The countries with the highest volumes of production in 2021 were Chile, the United States and Peru, with a combined 63% share of global production. Mexico, Canada, China and Armenia lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of molybdenum ore to the Philippines?

In value terms, Japan constituted the largest supplier of molybdenum ore to the Philippines, comprising 91% of total imports. The second position in the ranking was taken by the Netherlands, with a 9.4% share of total imports.

What are the leading importers of molybdenum ore from the Philippines?

In value terms, China remains the key foreign market for molybdenum ore exports from the Philippines.

What is the average export price for molybdenum ore in the Philippines?

The average molybdenum ore export price stood at $11,140 per ton in 2021, surging by 8.8% against the previous year.

What is the average import price for molybdenum ore in the Philippines?

The average molybdenum ore import price stood at $37,080 per ton in 2021, shrinking by -6.1% against the previous year.

This report provides an in-depth analysis of the molybdenum ore market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291925 -
Prodcom 07291926 -

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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How to diversify your business and benefit from new market opportunities
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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023