Latin America and the Caribbean: Market for Other than Roasted Molybdenum Ores and Concentrates 2025

Market Size for Other than Roasted Molybdenum Ores and Concentrates in Latin America and the Caribbean

In 2021, the Latin American market for other than roasted molybdenum ores and concentrateses increased by 166% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a perceptible decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Other than Roasted Molybdenum Ores and Concentrates in Latin America and the Caribbean

In value terms, production of other than roasted molybdenum ores and concentrateses amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports in Latin America and the Caribbean

In 2021, after five years of growth, there was significant decline in shipments abroad of other than roasted molybdenum ores and concentrateses, when their volume decreased by -10.4% to X tons. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 32%. Over the period under review, the exports of reached the maximum at X tons in 2020, and then contracted in the following year.

In value terms, exports of other than roasted molybdenum ores and concentrateses surged to $X in 2021. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 64% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

Peru was the main exporter of other than roasted molybdenum ores and concentrateses in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was near 57% of total exports in 2021. Chile (X tons) held a 34% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (8.3%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico (with a CAGR of +16.1%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest other than roasted molybdenum ores and concentrates supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was held by Chile ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Peru amounted to +8.5%. In the other countries, the average annual rates were as follows: Chile (+5.1% per year) and Mexico (+16.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 70% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of other than roasted molybdenum ores and concentrateses increased by 14% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, imports of other than roasted molybdenum ores and concentrateses soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 79% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Chile dominates concentrateses structure, accounting for X tons, which was approx. 95% of total imports in 2021. It was distantly followed by Mexico (X tons), making up a 5.3% share of total imports.

Chile was also the fastest-growing in terms of the other than roasted molybdenum ores and concentrateses imports, with a CAGR of +2.8% from 2012 to 2021. Mexico (-10.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile increased by +11 percentage points.

In value terms, Chile ($X) constitutes the largest market for imported other than roasted molybdenum ores and concentrateses in Latin America and the Caribbean, comprising 94% of total imports. The second position in the ranking was taken by Mexico ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile amounted to +2.6%.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 41% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 49% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-0.3%).

Source: IndexBox Platform

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