Malaysia: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Malaysia

The Malaysian molybdenum ore market soared to $X in 2021, growing by 41% against the previous year. In general, consumption enjoyed a significant increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Molybdenum Ore Production in Malaysia

In value terms, molybdenum ore production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Molybdenum Ore Exports

Exports from Malaysia

In 2021, after six years of growth, there was significant decline in overseas shipments of molybdenum ores, when their volume decreased by -67.6% to X tons. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 95%. The exports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, molybdenum ore exports shrank notably to $X in 2021. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

South Korea (X tons) was the main destination for molybdenum ore exports from Malaysia, accounting for a 98% share of total exports. It was followed by India (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to -29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.5% per year) and Vietnam (-7.7% per year).

In value terms, South Korea ($X) remains the key foreign market for molybdenum ore exports from Malaysia, comprising 96% of total exports. The second position in the ranking was taken by India ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to -22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.8% per year) and Vietnam (-26.2% per year).

Export Prices by Country

In 2021, the average molybdenum ore export price amounted to $X per ton, with an increase of 16% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molybdenum ore export price increased by +19.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 71%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.3%), while the prices for the other major destinations experienced mixed trend patterns.

Molybdenum Ore Imports

Imports into Malaysia

In 2021, imports of molybdenum ores into Malaysia skyrocketed to X tons, growing by 32% compared with 2020. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 790% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, molybdenum ore imports soared to $X in 2021. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,163%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of molybdenum ore to Malaysia, accounting for a 95% share of total imports. It was followed by the Netherlands (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +163.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5,790.6% per year) and Germany (+154.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of molybdenum ore to Malaysia, comprising 99% of total imports. The second position in the ranking was held by Germany ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +1,748.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+76.9% per year) and the Netherlands (+166.0% per year).

Import Prices by Country

The average molybdenum ore import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of 140% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+600.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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