Kenya: Market for Molybdenum Oxides And Hydroxides 2025

Market Size for Molybdenum Oxides And Hydroxides in Kenya

In 2022, the Kenyan molybdenum oxides and hydroxides market increased by 240% to $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from Kenya

In 2014, overseas shipments of molybdenum oxides and hydroxides decreased by -28.6% to X kg for the first time since 2011, thus ending a two-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2012 to 2014: its volume increased at an average annual rate of +11.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, exports increased by +25.0% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X kg, and then declined significantly in the following year.

In value terms, molybdenum oxides and hydroxides exports reduced to $X in 2014. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 97%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Burundi (X kg) was the main destination for molybdenum oxides and hydroxides exports from Kenya, with a 80% share of total exports. Moreover, molybdenum oxides and hydroxides exports to Burundi exceeded the volume sent to the second major destination, Tanzania (X kg), fourfold.

From 2012 to 2014, the average annual rate of growth in terms of volume to Burundi was relatively modest.

In value terms, Burundi ($X) emerged as the key foreign market for molybdenum oxides and hydroxides exports from Kenya, comprising 95% of total exports. The second position in the ranking was held by Tanzania ($X), with a 4.6% share of total exports.

From 2012 to 2014, the average annual growth rate of value to Burundi was relatively modest.

Export Prices by Country

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2014, surging by 26% against the previous year. Over the last two years, it increased at an average annual rate of +18.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2014, amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Tanzania amounted to $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-71.3%).

Imports of Molybdenum Oxides And Hydroxides

Imports into Kenya

In 2022, after four years of decline, there was significant growth in overseas purchases of molybdenum oxides and hydroxides, when their volume increased by 160% to X kg. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 488%. As a result, imports attained the peak of X kg. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest molybdenum oxides and hydroxides supplier to Kenya, accounting for a 77% share of total imports. Moreover, molybdenum oxides and hydroxides imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and Germany (-20.6% per year).

In value terms, India ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Kenya, comprising 49% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and Germany (-17.1% per year).

Import Prices by Country

In 2022, the average molybdenum oxides and hydroxides import price amounted to $X per ton, growing by 66% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 decreased by -10.7% against 2019 indices. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%).

Source: IndexBox Platform

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