Scandinavia: Ferro-Molybdenum Market 2022

Ferro-Molybdenum Exports

Exports in Scandinavia

In 2021, shipments abroad of ferro-molybdenum increased by 35% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-molybdenum exports skyrocketed to $X in 2021. Overall, exports posted a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) represented roughly 100% of total exports in 2021.

Sweden was also the fastest-growing in terms of the ferro-molybdenum exports, with a CAGR of +6.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest ferro-molybdenum supplier in Scandinavia.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +1.3%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, flattening at the previous year. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in 2018 an increase of 49%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Sweden.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to -4.9% per year.

Ferro-Molybdenum Imports

Imports in Scandinavia

In 2021, the amount of ferro-molybdenum imported in Scandinavia surged to X tons, increasing by 15% on the previous year. Overall, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2019 when imports increased by 21%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ferro-molybdenum imports soared to $X in 2021. Over the period under review, imports, however, recorded a pronounced reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the key importer of ferro-molybdenum in Scandinavia, with the volume of imports finishing at X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Finland (X tons), comprising a 13% share of total imports. Norway (X tons) followed a long way behind the leaders.

Imports into Sweden decreased at an average annual rate of -2.0% from 2012 to 2021. Finland (-1.5%) and Norway (-6.0%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported ferro-molybdenum in Scandinavia, comprising 87% of total imports. The second position in the ranking was taken by Finland ($X), with a 12% share of total imports.

In Sweden, ferro-molybdenum imports declined by an average annual rate of -3.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-3.5% per year) and Norway (-9.7% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, picking up by 46% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 an increase of 47%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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