Asia: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Asia

The Asian molybdenum ore market surged to $X in 2021, rising by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Molybdenum Ore Production in Asia

In value terms, molybdenum ore production expanded markedly to $X in 2021 estimated in export price. In general, production recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Molybdenum Ore Exports

Exports in Asia

Molybdenum ore exports declined remarkably to X tons in 2021, which is down by -X% on the previous year. Total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, molybdenum ore exports rose rapidly to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Armenia represented the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by China (X tons) and Thailand (X tons), together constituting a X% share of total exports. South Korea (X tons), Democratic People's Republic of Korea (X tons), the Philippines (X tons), Kazakhstan (X tons), Iran (X tons) and Vietnam (X tons) held a little share of total exports.

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

In value terms, the largest molybdenum ore supplying countries in Asia were Armenia ($X), China ($X) and Thailand ($X), together accounting for X% of total exports.

Armenia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a slight slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Molybdenum Ore Imports

Imports in Asia

In 2021, overseas purchases of molybdenum ores were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, molybdenum ore imports surged to $X in 2021. In general, imports recorded temperate growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly X% of total imports in 2021. China (X tons) took the next position in the ranking, distantly followed by India (X tons) and Thailand (X tons). All these countries together took near X% share of total imports. The following importers - Vietnam (X tons) and Malaysia (X tons) - each reached a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by India, Thailand, Vietnam and Malaysia, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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