Italy: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Italy

In 2022, the Italian molybdenum oxides and hydroxides market increased by 24% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a prominent expansion. Molybdenum oxides and hydroxides consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Molybdenum Oxides And Hydroxides in Italy

In value terms, molybdenum oxides and hydroxides production amounted to $X in 2022 estimated in export price. Overall, production recorded a precipitous slump. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9%. Molybdenum oxides and hydroxides production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from Italy

Molybdenum oxides and hydroxides exports from Italy dropped notably to X tons in 2022, with a decrease of -83.1% on the previous year's figure. Over the period under review, exports faced a precipitous decline. The growth pace was the most rapid in 2013 when exports increased by 500% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides exports dropped sharply to $X in 2022. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 427% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for molybdenum oxides and hydroxides exports from Italy, accounting for a 57% share of total exports. Moreover, molybdenum oxides and hydroxides exports to Turkey exceeded the volume sent to the second major destination, Spain (X kg), threefold. The third position in this ranking was taken by Poland (X kg), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-4.8% per year) and Poland (+45.8% per year).

In value terms, Turkey ($X) remains the key foreign market for molybdenum oxides and hydroxides exports from Italy, comprising 60% of total exports. The second position in the ranking was taken by Spain ($X), with a 15% share of total exports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled -20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.0% per year) and Poland (+57.6% per year).

Export Prices by Country

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2022, with an increase of 41% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 176%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Belgium ($X per ton), while the average price for exports to Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports into Italy

In 2022, the amount of molybdenum oxides and hydroxides imported into Italy rose significantly to X tons, with an increase of 12% on the previous year's figure. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest molybdenum oxides and hydroxides supplier to Italy, with a 89% share of total imports. Moreover, molybdenum oxides and hydroxides imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and France (+14.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Italy, comprising 88% of total imports. The second position in the ranking was held by India ($X), with a 7.1% share of total imports. It was followed by France, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and France (+16.0% per year).

Import Prices by Country

In 2022, the average molybdenum oxides and hydroxides import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price saw a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 51%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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