Middle East and North Africa: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in Middle East and North Africa

The MENA's molybdenum ore market expanded modestly to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Molybdenum Ore Production in Middle East and North Africa

In value terms, molybdenum ore production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Molybdenum Ore Exports

Exports in Middle East and North Africa

In 2021, approx. X tons of molybdenum ores were exported in Middle East and North Africa; reducing by -X% against the year before. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, molybdenum ore exports expanded notably to $X in 2021. In general, exports, however, posted a modest expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Iran dominates exports structure, accounting for X tons, which was near X% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing an X% share of total exports. Turkey (X tons), Kuwait (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Iran decreased at an average annual rate of -X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%), Kuwait (+X%), Turkey (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. While the share of the United Arab Emirates (+X p.p.), Turkey (+X p.p.), Kuwait (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest molybdenum ore supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, molybdenum ore exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (-X% per year) and Turkey (+X% per year).

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($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 (+X%), while the other leaders experienced a decline in the export price figures.

Molybdenum Ore Imports

Imports in Middle East and North Africa

For the sixth consecutive year, Middle East and North Africa recorded growth in supplies from abroad of molybdenum ores, which increased by X% to X tons in 2021. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, molybdenum ore imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Iran was the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Turkey (X tons), constituting a X% share of total imports. The following importers - Yemen (X tons) and Egypt (X tons) - each reached a X% share of total imports.

From 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest molybdenum ore importing markets in Middle East and North Africa were Turkey ($X), Iran ($X) and Egypt ($X), together accounting for X% of total imports.

Egypt, with a CAGR of +X%, saw the highest growth rate of 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 2021, the import price in Middle East and North Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform