EU: Molybdenum Market 2024

Molybdenum Market Size in the EU

The EU molybdenum market surged to $X in 2022, jumping by 16% against the previous year. Overall, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Molybdenum Production in the EU

In value terms, molybdenum production surged to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 196% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Molybdenum Exports

Exports in the EU

In 2022, overseas shipments of molybdenum decreased by -45.5% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 183%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, molybdenum exports contracted significantly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 132%. The level of export peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

In 2022, Germany (X tons) represented the largest exporter of molybdenum, constituting 44% of total exports. Austria (X tons) ranks second in terms of the total exports with a 27% share, followed by Estonia (19%) and the Netherlands (4.9%). Belgium (X tons) and France (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +61.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the largest molybdenum supplier in the European Union, comprising 53% of total exports. The second position in the ranking was held by Austria ($X), with a 19% share of total exports. It was followed by Estonia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +18.9%. In the other countries, the average annual rates were as follows: Austria (+50.6% per year) and Estonia (+46.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the export price recorded perceptible growth. The pace of growth was the most pronounced in 2015 when the export price increased by 31% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+16.0%), while the other leaders experienced more modest paces of growth.

Molybdenum Imports

Imports in the EU

In 2022, overseas purchases of molybdenum decreased by -44.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 285%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, molybdenum imports dropped notably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 539%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) represented the major importer of molybdenum, constituting 48% of total imports. It was distantly followed by Germany (X tons), Austria (X tons), Estonia (X tons) and the Netherlands (X tons), together constituting a 48% share of total imports. Italy (X tons) took a relatively small share of total imports.

France was also the fastest-growing in terms of the molybdenum imports, with a CAGR of +29.6% from 2012 to 2022. At the same time, Estonia (+11.7%), Germany (+10.7%) and the Netherlands (+4.4%) displayed positive paces of growth. By contrast, Austria (-2.1%) and Italy (-4.0%) illustrated a downward trend over the same period. France (+38 p.p.) and Estonia (+8.3 p.p.) significantly strengthened its position in terms of the total imports, while Italy, the Netherlands and Austria saw its share reduced by -4.9%, -6% and -24.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported molybdenum in the European Union, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in France stood at +29.8%. In the other countries, the average annual rates were as follows: Germany (+14.2% per year) and Austria (+1.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 41% against the previous year. Overall, the import price enjoyed a tangible increase. The growth pace was the most rapid in 2014 when the import price increased by 66%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and Italy ($X per ton), while Estonia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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