Asia: Market for Molybdenum Oxides And Hydroxides 2025

Market Size for Molybdenum Oxides And Hydroxides in Asia

The Asian molybdenum oxides and hydroxides market declined slightly to $X in 2022, which is down by -4.6% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined slightly in the following year.

Production of Molybdenum Oxides And Hydroxides in Asia

In value terms, molybdenum oxides and hydroxides production fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 14%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Molybdenum Oxides And Hydroxides

Exports in Asia

In 2022, exports of molybdenum oxides and hydroxides in Asia surged to X tons, increasing by 15% against the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 81% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, molybdenum oxides and hydroxides exports skyrocketed to $X in 2022. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2016 when exports increased by 96%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, China (X tons), distantly followed by Vietnam (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), South Korea (X tons) and India (X tons) represented the main exporters of molybdenum oxides and hydroxides, together creating 88% of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +97.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest molybdenum oxides and hydroxides supplier in Asia, comprising 53% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +15.4%. In the other countries, the average annual rates were as follows: Vietnam (+12.1% per year) and South Korea (+56.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 13% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +56.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 39%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports in Asia

Molybdenum oxides and hydroxides imports amounted to X tons in 2022, surging by 5% against the year before. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 57% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports surged to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India was the main importing country with an import of about X tons, which amounted to 60% of total imports. Japan (X tons) ranks second in terms of the total imports with a 15% share, followed by China (8.6%), South Korea (5.7%) and Kuwait (4.9%). Saudi Arabia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to molybdenum oxides and hydroxides imports into India stood at +28.1%. At the same time, South Korea (+38.8%), China (+21.0%) and Kuwait (+8.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +38.8% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-9.3%) illustrated a downward trend over the same period. India (+41 p.p.), South Korea (+4.9 p.p.), China (+3.8 p.p.) and Saudi Arabia (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Japan saw its share reduced by -3% and -41.3% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported molybdenum oxides and hydroxides in Asia, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by India, with a 12% share.

In Japan, molybdenum oxides and hydroxides imports expanded at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+10.5% per year) and India (+16.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, rising by 14% against the previous year. Overall, the import price, however, showed a abrupt slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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