Asia: Market for Other than Roasted Molybdenum Ores and Concentrates 2025

Market Size for Other than Roasted Molybdenum Ores and Concentrates in Asia

For the sixth consecutive year, the Asian market for other than roasted molybdenum ores and concentrateses recorded growth in sales value, which increased by 3.1% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.2% against 2014 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Other than Roasted Molybdenum Ores and Concentrates in Asia

In value terms, production of other than roasted molybdenum ores and concentrateses stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports in Asia

Exports of other than roasted molybdenum ores and concentrateses surged to X tons in 2021, picking up by 41% compared with the year before. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 112% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, exports of other than roasted molybdenum ores and concentrateses soared to $X in 2021. Overall, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Armenia (X tons) and China (X tons) represented the major exporters of other than roasted molybdenum ores and concentrateses in 2021, recording near 39% and 30% of total exports, respectively. South Korea (X tons) held the next position in the ranking, followed by Kazakhstan (X tons). All these countries together held near 15% share of total exports. The following exporters - Thailand (X tons), Democratic People's Republic of Korea (X tons) and Japan (X tons) - together made up 8.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest other than roasted molybdenum ores and concentrates supplying countries in Asia were Armenia ($X), China ($X) and Kazakhstan ($X), with a combined 85% share of total exports. These countries were followed by Thailand, Democratic People's Republic of Korea, South Korea and Japan, which together accounted for a further 8.1%.

In terms of the main exporting countries, Japan, with a CAGR of +43.4%, recorded the highest rates of growth with regard to the value of exports, 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, surging by 45% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports in Asia

In 2021, after two years of growth, there was significant decline in supplies from abroad of other than roasted molybdenum ores and concentrateses, when their volume decreased by -9.1% to X tons. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, imports of other than roasted molybdenum ores and concentrateses surged to $X in 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 63% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) represented the largest importer of other than roasted molybdenum ores and concentrateses, constituting 55% of total imports. South Korea (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Vietnam (X tons). All these countries together held near 45% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to other than roasted molybdenum ores and concentrates imports into China stood at +43.5%. At the same time, Thailand (+53.1%), Vietnam (+19.9%) and South Korea (+7.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +53.1% from 2012-2021. China (+43 p.p.) and Thailand (+13 p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -48.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of +77.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, surging by 51% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 57% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per ton), while Thailand ($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 (+16.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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