Vietnam: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Vietnam

In 2022, the Vietnamese molybdenum oxides and hydroxides market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a sharp shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Molybdenum Oxides And Hydroxides in Vietnam

In value terms, molybdenum oxides and hydroxides production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Molybdenum oxides and hydroxides production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Molybdenum Oxides And Hydroxides

Exports from Vietnam

In 2022, shipments abroad of molybdenum oxides and hydroxides increased by X% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, molybdenum oxides and hydroxides exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), the Netherlands (X tons) and Japan (X tons) were the main destinations of molybdenum oxides and hydroxides exports from Vietnam, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Japan ($X) appeared to be the largest markets for molybdenum oxides and hydroxides exported from Vietnam worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average molybdenum oxides and hydroxides export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum oxides and hydroxides export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Japan ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports into Vietnam

In 2022, after two years of growth, there was significant decline in overseas purchases of molybdenum oxides and hydroxides, when their volume decreased by X% to X tons. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, molybdenum oxides and hydroxides imports contracted notably to $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Cambodia (X tons) was the main molybdenum oxides and hydroxides supplier to Vietnam, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Cambodia stood at X%.

In value terms, Cambodia ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value from Cambodia amounted to X%.

Import Prices by Country

In 2022, the average molybdenum oxides and hydroxides import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to X% per year.

Source: IndexBox Platform

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