Chile: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Chile

In 2022, the Chilean molybdenum oxides and hydroxides market increased by 210% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Molybdenum Oxides And Hydroxides in Chile

In value terms, molybdenum oxides and hydroxides production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from Chile

In 2022, after two years of growth, there was significant decline in shipments abroad of molybdenum oxides and hydroxides, when their volume decreased by -23% to X tons. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides exports shrank rapidly to $X in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Austria (X tons) were the main destinations of molybdenum oxides and hydroxides exports from Chile, together comprising 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +40.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for molybdenum oxides and hydroxides exported from Chile were the Netherlands ($X), the United States ($X) and Austria ($X), with a combined 94% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +45.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2022, with an increase of 9.4% against the previous year. Over the period under review, the export price showed a notable expansion. The growth pace was the most rapid in 2021 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Austria ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports into Chile

In 2022, purchases abroad of molybdenum oxides and hydroxides increased by 61% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 655%. As a result, imports attained the peak of X kg. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 196% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of molybdenum oxides and hydroxides to Chile, with a 79% share of total imports. Moreover, molybdenum oxides and hydroxides imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. Belgium (X kg) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+47.2% per year) and Belgium (-24.2% per year).

In value terms, Germany ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Chile, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Belgium, with a 0.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.5% per year) and Belgium (-42.2% per year).

Import Prices by Country

In 2022, the average molybdenum oxides and hydroxides import price amounted to $X per ton, dropping by -5.8% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 117% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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