Eastern Asia: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Eastern Asia

The East Asian molybdenum ore market surged to $X in 2021, jumping by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Molybdenum Ore Production in Eastern Asia

In value terms, molybdenum ore production rose markedly to $X in 2021 estimated in export price. In general, production saw a precipitous curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Molybdenum Ore Exports

Exports in Eastern Asia

In 2021, exports of molybdenum ores in Eastern Asia shrank to X tons, which is down by -X% compared with 2020. Overall, exports saw a deep slump. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, molybdenum ore exports contracted to $X in 2021. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporter of molybdenum ores in Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2021. It was distantly followed by South Korea (X tons) and Democratic People's Republic of Korea (X tons), together mixing up a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to molybdenum ore exports from China stood at -X%. At the same time, Democratic People's Republic of Korea (+X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) illustrated a downward trend over the same period. percentage points. South Korea (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest molybdenum ore supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Democratic People's Republic of Korea (+X% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-X%), while the other leaders experienced a decline in the export price figures.

Molybdenum Ore Imports

Imports in Eastern Asia

In 2021, overseas purchases of molybdenum ores increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, molybdenum ore imports soared to $X in 2021. In general, imports enjoyed a noticeable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Japan (X tons) and South Korea (X tons) represented the key importers of molybdenum ores in Eastern Asia, together constituting X% of total imports. It was distantly followed by China (X tons), constituting a X% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest molybdenum ore importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined X% share of total imports.

South Korea, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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