India: Ferro-Molybdenum Market 2025

Ferro-Molybdenum Market Size in India

For the third year in a row, the Indian ferro-molybdenum market recorded growth in sales value, which increased by 40% to $X in 2022. Overall, consumption posted a slight increase. Ferro-molybdenum consumption peaked in 2022 and is likely to see steady growth in years to come.

Ferro-Molybdenum Production in India

In value terms, ferro-molybdenum production contracted to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32% against the previous year. Ferro-molybdenum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ferro-Molybdenum Exports

Exports from India

In 2022, shipments abroad of ferro-molybdenum increased by 132% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,034%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ferro-molybdenum exports surged to $X in 2022. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 2,621%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for ferro-molybdenum exports from India, accounting for a 20% share of total exports. Moreover, ferro-molybdenum exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), tenfold. Spain (X tons) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +12,967.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+20.7% per year) and Spain (+12,545.9% per year).

In value terms, Brazil ($X) emerged as the key foreign market for ferro-molybdenum exports from India, comprising 31% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.9% share of total exports. It was followed by Chile, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +20,898.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+27,939.6% per year) and Chile (+18.9% per year).

Export Prices by Country

The average ferro-molybdenum export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, saw strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 113% against the previous year. The export price peaked at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Brazil (+60.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Molybdenum Imports

Imports into India

In 2022, imports of ferro-molybdenum into India surged to X tons, increasing by 49% compared with the previous year's figure. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, ferro-molybdenum imports soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 141% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of ferro-molybdenum to India, with a 91% share of total imports. Moreover, ferro-molybdenum imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and Switzerland (+22.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of ferro-molybdenum to India, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and Switzerland (+39.2% per year).

Import Prices by Country

In 2022, the average ferro-molybdenum import price amounted to $X per ton, rising by 19% against the previous year. In general, the import price showed a measured expansion. The growth pace was the most rapid in 2021 an increase of 85% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat 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 Switzerland (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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