MENA: Market for Molybdenum Oxides And Hydroxides 2025

Market Size for Molybdenum Oxides And Hydroxides in MENA

The MENA's molybdenum oxides and hydroxides market fell to $X in 2022, dropping by -2.4% against the previous year. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Molybdenum Oxides And Hydroxides in MENA

In value terms, molybdenum oxides and hydroxides production rose to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports in MENA

In 2022, after six years of growth, there was significant decline in shipments abroad of molybdenum oxides and hydroxides, when their volume decreased by -11.4% to X tons. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 254% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, molybdenum oxides and hydroxides exports fell slightly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 293%. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Iran represented the key exporting country with an export of around X tons, which amounted to 74% of total exports. Saudi Arabia (X tons) took the second position in the ranking, followed by Turkey (X tons) and the United Arab Emirates (X tons). All these countries together took approx. 25% share of total exports.

Exports from Iran increased at an average annual rate of +16.0% from 2012 to 2022. At the same time, the United Arab Emirates (+30.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +30.5% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, Turkey and the United Arab Emirates increased by +12, +8.3 and +4.8 percentage points, respectively.

In value terms, Iran ($X) remains the largest molybdenum oxides and hydroxides supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 13% share.

In Iran, molybdenum oxides and hydroxides exports increased at an average annual rate of +12.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (0.0% per year) and Saudi Arabia (-13.1% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of 7.7% against the previous year. In general, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Molybdenum Oxides And Hydroxides

Imports in MENA

In 2022, approx. X tons of molybdenum oxides and hydroxides were imported in MENA; remaining stable against 2021. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 285%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides imports dropped slightly to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 138%. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Kuwait (X tons) represented the largest importer of molybdenum oxides and hydroxides, generating 54% of total imports. Saudi Arabia (X tons) took the second position in the ranking, distantly followed by Turkey (X tons). All these countries together held approx. 45% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +8.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest molybdenum oxides and hydroxides importing markets in MENA were Kuwait ($X), Saudi Arabia ($X) and Turkey ($X), together comprising 98% of total imports.

Kuwait, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, falling by -3.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform