Italy: Molybdenum Market 2024

Molybdenum Market Size in Italy

The Italian molybdenum market soared to $X in 2022, rising by 53% against the previous year. Over the period under review, consumption, however, recorded a pronounced decline. Molybdenum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Molybdenum Production in Italy

In value terms, molybdenum production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with a decrease of 99.9%. Molybdenum production peaked in 2022 and is expected to retain growth in the immediate term.

Molybdenum Exports

Exports from Italy

In 2022, molybdenum exports from Italy fell remarkably to X kg, declining by -27.5% against the previous year. In general, exports recorded a significant contraction. The growth pace was the most rapid in 2016 with an increase of 2,533%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, molybdenum exports expanded remarkably to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 1,499%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for molybdenum exports from Italy, accounting for a 52% share of total exports. Moreover, molybdenum exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), threefold. Oman (X kg) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-9.3% per year) and Oman (0.0% per year).

In value terms, the largest markets for molybdenum exported from Italy were Hong Kong SAR ($X), the United States ($X) and Qatar ($X), with a combined 77% share of total exports. Hungary, Oman, Slovenia and Malta lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Hungary, with a CAGR of +38.3%, saw the highest rates of growth with regard to the value of exports, 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, jumping by 56% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 556% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Imports

Imports into Italy

In 2022, the amount of molybdenum imported into Italy skyrocketed to X tons, jumping by 37% on the previous year. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, molybdenum imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 87%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X kg) were the main suppliers of molybdenum imports to Italy, together comprising 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of -2.6%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) constituted the largest molybdenum suppliers to Italy, together accounting for 97% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of -0.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average molybdenum import price amounted to $X per ton, surging by 20% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum import price increased by +47.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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