Europe: Molybdenum Market 2024

Molybdenum Market Size in Europe

The Europe molybdenum market rose slightly to $X in 2022, with an increase of 4.1% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Molybdenum Production in Europe

In value terms, molybdenum production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Molybdenum Exports

Exports in Europe

In 2022, shipments abroad of molybdenum decreased by -30% to X tons, falling for the second consecutive year after six years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 122%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, molybdenum exports fell notably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 126%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) and Germany (X tons) represented roughly 60% of total exports in 2022. Austria (X tons) took the next position in the ranking, followed by Estonia (X tons) and the UK (X tons). All these countries together held near 33% share of total exports. The Netherlands (X tons) and Belgium (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of +61.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Austria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 71% share of total exports.

Austria, with a CAGR of +50.6%, recorded the highest growth rate of the value of exports, among 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

The export price in Europe stood at $X per ton in 2022, growing by 5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Russia ($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 Europe

In 2022, overseas purchases of molybdenum decreased by -40.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 150% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, molybdenum imports contracted significantly to $X in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 288% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

France was the key importer of molybdenum in Europe, with the volume of imports resulting at X tons, which was approx. 39% of total imports in 2022. Germany (X tons) held the second position in the ranking, followed by the UK (X tons), Austria (X tons), Estonia (X tons), the Netherlands (X tons) and Russia (X tons). All these countries together took near 57% 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%), the UK (+7.9%) and the Netherlands (+4.4%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Austria (-2.1%) illustrated a downward trend over the same period. While the share of France (+32 p.p.), Estonia (+6.8 p.p.) and Germany (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the UK (-2.1 p.p.), the Netherlands (-3.6 p.p.), Russia (-7 p.p.) and Austria (-16.4 p.p.) displayed negative dynamics.

In value terms, France ($X) constitutes the largest market for imported molybdenum in Europe, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the UK, with a 13% share.

In France, molybdenum imports increased at an average annual rate of +29.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+14.2% per year) and the UK (+8.7% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by 40% against the previous year. Overall, the import price recorded a temperate expansion. The pace of growth was the most pronounced in 2014 an increase of 55% against the previous year. As a result, import price reached 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 ($X per ton) and Germany ($X per ton), while Russia ($X per ton) and Estonia ($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