Estonia: Molybdenum Market 2025

Molybdenum Market Size in Estonia

In 2022, the Estonian molybdenum market decreased by -71.3% to $X, falling for the third consecutive year after eight years of growth. In general, consumption faced a deep setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Molybdenum Production in Estonia

In value terms, molybdenum production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Molybdenum production peaked in 2022 and is likely to see steady growth in the immediate term.

Molybdenum Exports

Exports from Estonia

In 2022, overseas shipments of molybdenum decreased by -57.4% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 631%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, molybdenum exports shrank notably to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 972%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for molybdenum exports from Estonia, with a 88% share of total exports. Moreover, molybdenum exports to France exceeded the volume sent to the second major destination, Germany (X tons), sevenfold.

From 2013 to 2022, the average annual growth rate of volume to France amounted to +29.4%.

In value terms, France ($X) remains the key foreign market for molybdenum exports from Estonia, comprising 85% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to France stood at +52.6%.

Export Prices by Country

The average molybdenum export price stood at $X per ton in 2022, picking up by 53% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Imports

Imports into Estonia

In 2022, overseas purchases of molybdenum decreased by -60.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 461%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum imports fell notably to $X in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 692% 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, Russia (X tons) constituted the largest supplier of molybdenum to Estonia, accounting for a 70% share of total imports. Moreover, molybdenum imports from Russia exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), twofold.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +13.6%.

In value terms, Russia ($X) and Uzbekistan ($X) appeared to be the largest molybdenum suppliers to Estonia.

In terms of the main suppliers, Russia, with a CAGR of +36.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average molybdenum import price stood at $X per ton in 2022, picking up by 52% against the previous year. Over the period under review, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while the price for Russia totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+20.0%).

Source: IndexBox Platform