Hong Kong SAR, China: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Hong Kong SAR, China

The Hong Kong molybdenum oxides and hydroxides market dropped to $X in 2022, with a decrease of -14% against the previous year. Overall, consumption, however, saw a temperate expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Molybdenum Oxides And Hydroxides in Hong Kong SAR, China

In value terms, molybdenum oxides and hydroxides production fell to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +2.5% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 42%. Molybdenum oxides and hydroxides production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from Hong Kong SAR, China

In 2022, the amount of molybdenum oxides and hydroxides exported from Hong Kong SAR surged to X kg, growing by 59% on 2021 figures. In general, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides exports amounted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 38%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for molybdenum oxides and hydroxides exports from Hong Kong SAR, with a 82% share of total exports. Moreover, molybdenum oxides and hydroxides exports to the Netherlands exceeded the volume sent to the second major destination, China (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.9% per year) and South Korea (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for molybdenum oxides and hydroxides exports from Hong Kong SAR, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.0% per year) and South Korea (0.0% per year).

Export Prices by Country

In 2022, the average molybdenum oxides and hydroxides export price amounted to $X per ton, with a decrease of -34.3% against the previous year. Over the period under review, the export price, however, saw pronounced growth. The pace of growth was the most pronounced in 2015 an increase of 61%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.1%).

Imports of Molybdenum Oxides And Hydroxides

Imports into Hong Kong SAR, China

After five years of decline, purchases abroad of molybdenum oxides and hydroxides increased by 5.3% to X kg in 2022. Overall, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 278% against the previous year. As a result, imports attained the peak of X kg. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides imports reached $X in 2022. In general, imports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Armenia (X kg) was the main supplier of molybdenum oxides and hydroxides to Hong Kong SAR, accounting for a 94% share of total imports. It was followed by the United States (X kg), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Armenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-38.1% per year) and Taiwan (Chinese) (-27.5% per year).

In value terms, Armenia ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Hong Kong SAR, comprising 98% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Armenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-30.2% per year) and the United States (-38.9% per year).

Import Prices by Country

The average molybdenum oxides and hydroxides import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 118% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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