Turkey: Molybdenum Market 2022

Molybdenum Market Size in Turkey

In 2021, the Turkish molybdenum market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a strong increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Molybdenum Production in Turkey

In value terms, molybdenum production amounted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. Molybdenum production peaked in 2021 and is likely to continue growth in the immediate term.

Molybdenum Exports

Exports from Turkey

Molybdenum exports from Turkey totaled X tonnes in 2021, therefore, remained relatively stable against the previous year. Over the period under review, exports showed significant growth. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, molybdenum exports amounted to $X in 2021. Overall, exports continue to indicate a significant expansion. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The Netherlands (X tonnes) was the main destination for molybdenum exports from Turkey, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +X%.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +X%.

Export Prices by Country

In 2021, the average molybdenum export price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the export price recorded mild growth. The export price peaked at $X per tonne in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

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

Molybdenum Imports

Imports into Turkey

In 2021, supplies from abroad of molybdenum decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted moderate growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tonnes, and then fell dramatically in the following year.

In value terms, molybdenum imports shrank significantly to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2021, Uzbekistan (X kg) constituted the largest supplier of molybdenum to Turkey, with a X% share of total imports. Moreover, molybdenum imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold. The third position in this ranking was occupied by the Netherlands (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Uzbekistan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (-X% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of molybdenum to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Uzbekistan amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average molybdenum import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per tonne), while the price for Uzbekistan ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform