Hong Kong SAR, China: Ferro-Molybdenum Market 2025

Ferro-Molybdenum Market Size in Hong Kong SAR, China

The Hong Kong ferro-molybdenum market expanded slightly to $X in 2022, growing by 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a dramatic setback. Ferro-molybdenum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ferro-Molybdenum Exports

Exports from Hong Kong SAR, China

In 2015, overseas shipments of ferro-molybdenum decreased by -99.5% to X kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 354% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2015, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-molybdenum exports dropped sharply to $X in 2015. Overall, exports saw a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of 354% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2015, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X kg), Indonesia (X kg) and China (X kg) were the main destinations of ferro-molybdenum exports from Hong Kong SAR, together accounting for 77% of total exports.

From 2012 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of -33.3%), while the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for ferro-molybdenum exports from Hong Kong SAR, comprising 45% of total exports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total exports. It was followed by India, with a 13% share.

From 2012 to 2015, the average annual rate of growth in terms of value to Malaysia totaled -28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-71.4% per year) and India (-59.4% per year).

Export Prices by Country

In 2015, the average ferro-molybdenum export price amounted to $X per ton, surging by 2.7% against the previous year. In general, the export price, however, showed a deep slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2015, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports into Hong Kong SAR, China

In 2022, ferro-molybdenum imports into Hong Kong SAR reduced modestly to X tons, approximately mirroring 2021. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of 1.9%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-molybdenum imports expanded markedly to $X in 2022. In general, imports showed a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ferro-molybdenum supplier to Hong Kong SAR, with a 70% share of total imports. Moreover, ferro-molybdenum imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-17.5% per year) and Taiwan (Chinese) (-11.5% per year).

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) were the largest ferro-molybdenum suppliers to Hong Kong SAR.

Among the main suppliers, South Korea, with a CAGR of +3.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average ferro-molybdenum import price amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of 77%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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