Benelux: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Benelux

The Benelux molybdenum oxides and hydroxides market shrank to $X in 2022, with a decrease of -3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Molybdenum Oxides And Hydroxides in Benelux

In value terms, molybdenum oxides and hydroxides production declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.2% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports in Benelux

In 2022, after five years of growth, there was significant decline in overseas shipments of molybdenum oxides and hydroxides, when their volume decreased by -33.1% to X tons. Over the period under review, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. The volume of export peaked at X tons in 2021, and then fell notably in the following year.

In value terms, molybdenum oxides and hydroxides exports declined markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 69%. The level of export peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The Netherlands dominates exports structure, accounting for X tons, which was near 95% of total exports in 2022. It was distantly followed by Belgium (X tons), generating a 5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to molybdenum oxides and hydroxides exports from the Netherlands stood at -1.7%. At the same time, Belgium (+6.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.1% from 2012-2022. While the share of Belgium (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-2.6 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest molybdenum oxides and hydroxides supplier in Benelux, comprising 98% of total exports. The second position in the ranking was held by Belgium ($X), with a 1.6% share of total exports.

In the Netherlands, molybdenum oxides and hydroxides exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, rising by 20% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +65.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.4%).

Imports of Molybdenum Oxides And Hydroxides

Imports in Benelux

In 2022, supplies from abroad of molybdenum oxides and hydroxides decreased by -79.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 161%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides imports shrank significantly to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 151% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Belgium represented the main importer of molybdenum oxides and hydroxides in Benelux, with the volume of imports reaching X tons, which was near 80% of total imports in 2022. It was distantly followed by the Netherlands (X tons), constituting a 20% share of total imports.

Belgium was also the fastest-growing in terms of the molybdenum oxides and hydroxides imports, with a CAGR of -9.2% from 2012 to 2022. The Netherlands (-12.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +6.6 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported molybdenum oxides and hydroxides in Benelux, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

In Belgium, molybdenum oxides and hydroxides imports declined by an average annual rate of -7.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, falling by -2.4% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 import price increased by +33.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 36%. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%).

Source: IndexBox Platform