Singapore: Molybdenum Market 2022

Molybdenum Market Size in Singapore

In 2021, after three years of growth, there was significant decline in the Singaporean molybdenum market, when its value decreased by -X% to $X. In general, consumption recorded a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Molybdenum Production in Singapore

In value terms, molybdenum production totaled $X in 2021 estimated in export price. Overall, production faced a dramatic decline. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Molybdenum Exports

Exports from Singapore

In 2021, shipments abroad of molybdenum was finally on the rise to reach X kg after three years of decline. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, molybdenum exports soared to $X in 2021. Overall, exports, however, saw a pronounced reduction. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X kg), Japan (X kg) and Malaysia (X kg) were the main destinations of molybdenum exports from Singapore, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for molybdenum exported from Singapore were Malaysia ($X), India ($X) and Japan ($X), together comprising X% of total exports.

Malaysia, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average molybdenum export price stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Molybdenum Imports

Imports into Singapore

In 2021, approx. X kg of molybdenum were imported into Singapore; with an increase of X% compared with 2020. Over the period under review, imports, however, faced a deep reduction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, molybdenum imports rose sharply to $X in 2021. Overall, imports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. 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

In 2021, China (X kg) was the main molybdenum supplier to Singapore, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of molybdenum to Singapore.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%.

Import Prices by Country

In 2021, the average molybdenum import price amounted to $X per tonne, almost unchanged from the previous year. In general, the import price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform