Eastern Asia: Ferro-Molybdenum Market 2025

Ferro-Molybdenum Market Size in Eastern Asia

In 2022, the East Asian ferro-molybdenum market decreased by -2.8% to $X, falling for the third consecutive year after four years of growth. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ferro-Molybdenum Production in Eastern Asia

In value terms, ferro-molybdenum production reduced to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.8% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.

Ferro-Molybdenum Exports

Exports in Eastern Asia

Ferro-molybdenum exports shrank to X tons in 2022, declining by -7.3% on 2021 figures. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 79% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, ferro-molybdenum exports declined to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

South Korea (X tons) and China (X tons) represented roughly 100% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +17.4%).

In value terms, the largest ferro-molybdenum supplying countries in Eastern Asia were China ($X) and South Korea ($X).

China, with a CAGR of +18.3%, 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 Eastern Asia amounted to $X per ton, falling by -4% against the previous year. Overall, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 39%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%).

Ferro-Molybdenum Imports

Imports in Eastern Asia

In 2022, the amount of ferro-molybdenum imported in Eastern Asia shrank slightly to X tons, waning by -3.4% compared with the previous year's figure. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ferro-molybdenum imports expanded modestly to $X in 2022. In general, imports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) and China (X tons) were the key importers of ferro-molybdenum in Eastern Asia, together making up 81% of total imports. It was distantly followed by Japan (X tons), constituting a 15% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +28.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest ferro-molybdenum importing markets in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 98% share of total imports.

China, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by 6.7% against the previous year. Import price indicated mild 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, ferro-molybdenum import price increased by +38.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 48% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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