Japan: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Japan

In 2022, after two years of decline, there was significant growth in the Japanese molybdenum oxides and hydroxides market, when its value increased by 45% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Molybdenum Oxides And Hydroxides

Exports from Japan

In 2022, overseas shipments of molybdenum oxides and hydroxides increased by 36% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 175% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons), South Korea (X tons) and Italy (X tons) were the main destinations of molybdenum oxides and hydroxides exports from Japan, with a combined 89% share of total exports. The United States, the Netherlands and China lagged somewhat behind, together comprising a further 6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for molybdenum oxides and hydroxides exported from Japan were South Korea ($X), the UK ($X) and Italy ($X), together comprising 87% of total exports. The United States, the Netherlands and China lagged somewhat behind, together comprising a further 6.7%.

Among the main countries of destination, the Netherlands, with a CAGR of +26.3%, saw the highest growth rate of 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

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2022, rising by 8.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Molybdenum Oxides And Hydroxides

Imports into Japan

In 2022, approx. X tons of molybdenum oxides and hydroxides were imported into Japan; growing by 21% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports soared to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of molybdenum oxides and hydroxides to Japan, accounting for a 53% share of total imports. Moreover, molybdenum oxides and hydroxides imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.9% per year) and the United States (-11.8% per year).

In value terms, China ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Japan, comprising 54% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.4% per year) and the United States (-8.7% per year).

Import Prices by Country

The average molybdenum oxides and hydroxides import price stood at $X per ton in 2022, jumping by 30% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum oxides and hydroxides import price increased by +79.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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