Benelux: Molybdenum Market 2024

Molybdenum Market Size in Benelux

In 2022, the Benelux molybdenum market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed perceptible growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Molybdenum Production in Benelux

In value terms, molybdenum production reduced to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -26.3% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 86% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Molybdenum Exports

Exports in Benelux

In 2022, overseas shipments of molybdenum decreased by -93.3% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by 510%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, molybdenum exports reduced notably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 561%. Over the period under review, the exports hit record highs at $X in 2021, and then fell sharply in the following year.

Exports by Country

In 2022, the Netherlands (X tons) was the key exporter of molybdenum, mixing up 64% of total exports. It was distantly followed by Belgium (X tons), making up a 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -0.0%).

In value terms, the largest molybdenum supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +5.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, posted temperate growth. The growth pace was the most rapid in 2018 an increase of 34%. The level of export peaked at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.1%).

Molybdenum Imports

Imports in Benelux

In 2022, supplies from abroad of molybdenum decreased by -86.7% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 418% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, molybdenum imports declined notably to $X in 2022. Over the period under review, imports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2020 with an increase of 284%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced sharply in the following year.

Imports by Country

The Netherlands dominates imports structure, amounting to X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Belgium (X tons), constituting a 9% share of total imports.

The Netherlands was also the fastest-growing in terms of the molybdenum imports, with a CAGR of +4.4% from 2012 to 2022. Belgium (-14.3%) illustrated a downward trend over the same period. The Netherlands (+33 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -32.6% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported molybdenum in Benelux, comprising 96% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +6.1%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 29% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum import price increased by +17.0% against 2019 indices. The growth pace was the most rapid in 2019 when the import price increased by 41% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%).

Source: IndexBox Platform