Luxembourg: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Luxembourg

The Luxembourg molybdenum ore market expanded remarkably to $X in 2021, with an increase of 6.2% against the previous year. In general, consumption saw a deep contraction. Molybdenum ore consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Molybdenum Ore Production in Luxembourg

In value terms, molybdenum ore production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Molybdenum ore production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Molybdenum Ore Exports

Exports from Luxembourg

In 2019, after four years of growth, there was significant decline in shipments abroad of molybdenum ores, when their volume decreased by -76.8% to X tons. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 102%. The exports peaked at X tons in 2018, and then fell notably in the following year.

In value terms, molybdenum ore exports fell markedly to $X in 2019. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 185% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018, and then dropped significantly in the following year.

Exports by Country

Sweden (X tons), Germany (X tons) and France (X tons) were the main destinations of molybdenum ore exports from Luxembourg, with a combined 80% share of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +13.8%), while the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), Germany ($X) and France ($X) constituted the largest markets for molybdenum ore exported from Luxembourg worldwide, with a combined 81% share of total exports.

Sweden, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average molybdenum ore export price stood at $X per ton in 2019, jumping by 25% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2019, the countries with the highest prices were Sweden ($X per ton) and France ($X per ton), while the average price for exports to Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.1%), while the prices for the other major destinations experienced a decline.

Molybdenum Ore Imports

Imports into Luxembourg

In 2019, overseas purchases of molybdenum ores decreased by -5.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, molybdenum ore imports reached $X in 2019. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of molybdenum ore imports to Luxembourg, together comprising 99.9% of total imports.

From 2012 to 2019, the biggest increases were in Germany (with a CAGR of +16.6%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the largest molybdenum ore suppliers to Luxembourg, together comprising 99.9% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average molybdenum ore import price amounted to $X per ton, increasing by 6.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22%. The import price peaked in 2019 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Chile (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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