United Arab Emirates: Molybdenum Market 2022

Molybdenum Market Size in the United Arab Emirates

The molybdenum market in the United Arab Emirates amounted to $X in 2020, remaining constant against the previous year. In general, consumption recorded a relatively flat trend pattern. Molybdenum consumption peaked in 2020 and is likely to continue growth in the immediate term.

Molybdenum Production in the United Arab Emirates

In value terms, molybdenum production dropped sharply to $X in 2021 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Molybdenum production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Molybdenum Exports

Exports from the United Arab Emirates

In 2021, the amount of molybdenum exported from the United Arab Emirates soared to X tonnes, growing by X% on 2020 figures. Overall, exports recorded a significant expansion. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, molybdenum exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes), Iran (X tonnes) and India (X tonnes) were the main destinations of molybdenum exports from the United Arab Emirates.

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

In value terms, the largest markets for molybdenum exported from the United Arab Emirates were China ($X), Iran ($X) and India ($X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average molybdenum export price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per tonne), while the average price for exports to India ($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 China (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Molybdenum Imports

Imports into the United Arab Emirates

Molybdenum imports into the United Arab Emirates surged to X tonnes in 2021, rising by X% against the previous year. In general, imports continue to indicate strong growth. Imports peaked at X tonnes in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, molybdenum imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant expansion. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tonnes) was the main supplier of molybdenum to the United Arab Emirates, with a approx. X% share of total imports.

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

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

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

Import Prices by Country

The average molybdenum import price stood at $X per tonne in 2021, growing by X% against the previous year. Overall, the import price showed resilient growth. The import price peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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