India: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in India

The Indian molybdenum oxides and hydroxides market dropped modestly to $X in 2022, waning by -3.3% 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). Over the period under review, consumption, however, showed significant growth. Molybdenum oxides and hydroxides consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Molybdenum Oxides And Hydroxides

Exports from India

Molybdenum oxides and hydroxides exports from India skyrocketed to X tons in 2022, rising by 153% compared with the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 5,657% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, molybdenum oxides and hydroxides exports soared to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 4,346% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of molybdenum oxides and hydroxides exports from India, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +391.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for molybdenum oxides and hydroxides exported from India were Russia ($X), the United States ($X) and France ($X), with a combined 74% share of total exports. Turkey, Iran, Italy and Japan lagged somewhat behind, together accounting for a further 24%.

Turkey, with a CAGR of +416.1%, recorded the highest rates of growth with regard to the value of exports, among 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 oxides and hydroxides export price amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 493% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Turkey ($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 Japan (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports into India

In 2022, imports of molybdenum oxides and hydroxides into India reached X tons, remaining relatively unchanged against the year before. Overall, imports saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 300% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports declined to $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 208%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of molybdenum oxides and hydroxides to India, accounting for a 74% share of total imports. Moreover, molybdenum oxides and hydroxides imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +160.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Saudi Arabia (+2.6% per year).

In value terms, the United States ($X) constituted the largest supplier of molybdenum oxides and hydroxides to India, comprising 55% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +100.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+52.0% per year) and Germany (+0.4% per year).

Import Prices by Country

In 2022, the average molybdenum oxides and hydroxides import price amounted to $X per ton, with a decrease of -6.2% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 53%. Over the period under review, average import prices hit record highs 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 Vietnam ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+67.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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