EU: Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size in the EU

In 2022, the EU ferro-molybdenum market increased by 18% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Ferro-Molybdenum Production in the EU

In value terms, ferro-molybdenum production fell 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 +2.9% 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 +9.4% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2021, and then dropped in the following year.

Ferro-Molybdenum Exports

Exports in the EU

Ferro-molybdenum exports expanded to X tons in 2022, with an increase of 2.9% on 2021. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 104%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, ferro-molybdenum exports amounted to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 219% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in exports structure, together constituting 86% of total exports. The following exporters - Germany (X tons), Austria (X tons) and France (X tons) - each finished at a 12% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together accounting for 93% of total exports.

The Netherlands, with a CAGR of +11.7%, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 57%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Austria ($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 (+2.0%), while the other leaders experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports in the EU

In 2022, supplies from abroad of ferro-molybdenum increased by 0.6% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +81.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ferro-molybdenum imports surged to $X in 2022. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 188%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Netherlands represented the key importing country with an import of about X tons, which finished at 42% of total imports. Germany (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Italy (11%), Sweden (7.7%) and Belgium (5.2%). The following importers - Spain (X tons) and France (X tons) - each resulted at a 7.8% share of total imports.

The Netherlands was also the fastest-growing in terms of the ferro-molybdenum imports, with a CAGR of +21.8% from 2012 to 2022. At the same time, Sweden (+1.2%) and Spain (+1.1%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, Italy (-2.2%), Germany (-3.0%) and France (-5.5%) illustrated a downward trend over the same period. The Netherlands (+34 p.p.) significantly strengthened its position in terms of the total imports, while France, Italy and Germany saw its share reduced by -4.4%, -6.4% and -13% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-molybdenum in the European Union, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +25.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and Italy (+0.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with an increase of 27% against the previous year. Over the period under review, the import price showed a noticeable increase. The pace of growth was the most pronounced in 2021 when the import price increased by 60% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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