Germany: Molybdenum Market 2024

Molybdenum Market Size in Germany

In 2022, the German molybdenum market increased by 4.3% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Molybdenum Production in Germany

In value terms, molybdenum production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Molybdenum Exports

Exports from Germany

In 2022, shipments abroad of molybdenum was finally on the rise to reach X tons after two years of decline. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 129% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, molybdenum exports soared to $X in 2022. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 176% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of molybdenum exports from Germany, with a combined 79% share of total exports. Austria, the UK, the Netherlands, the United States, Belgium and China lagged somewhat behind, together accounting for a further 18%.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +196.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Estonia ($X) and Sweden ($X) were the largest markets for molybdenum exported from Germany worldwide, together comprising 78% of total exports. Austria, the UK, the Netherlands, the United States, Belgium and China lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +243.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average molybdenum export price amounted to $X per ton, with an increase of 19% against the previous year. Overall, export price indicated strong growth from 2016 to 2022: its price increased at an average annual rate of +12.2% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum export price increased by +22.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Sweden ($X per ton), while the average price for exports to the United States ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Imports

Imports into Germany

For the fourth year in a row, Germany recorded decline in overseas purchases of molybdenum, which decreased by -9.2% to X tons in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 703% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 532% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest supplier of molybdenum to Germany, accounting for a 60% share of total imports. Moreover, molybdenum imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by China (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+28.0% per year) and China (+2.2% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of molybdenum to Germany, comprising 59% of total imports. The second position in the ranking was taken by Austria ($X), with a 20% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan amounted to +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+41.8% per year) and China (+4.3% per year).

Import Prices by Country

The average molybdenum import price stood at $X per ton in 2022, picking up by 29% against the previous year. Overall, the import price recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and the Netherlands ($X per ton), while the price for China ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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