Netherlands: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in the Netherlands

The Dutch molybdenum ore market soared to $X in 2021, increasing by 557% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Molybdenum Ore Exports

Exports from the Netherlands

In 2021, after four years of growth, there was significant decline in overseas shipments of molybdenum ores, when their volume decreased by -8.2% to X tons. Overall, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, molybdenum ore exports skyrocketed to $X in 2021. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 98%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for molybdenum ore exports from the Netherlands, accounting for a 36% share of total exports. Moreover, molybdenum ore exports to Belgium exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+6.8% per year) and Italy (+16.0% per year).

In value terms, Belgium ($X) remains the key foreign market for molybdenum ore exports from the Netherlands, comprising 33% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports. It was followed by Italy, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+9.8% per year) and Italy (+18.4% per year).

Export Prices by Country

The average molybdenum ore export price stood at $X per ton in 2021, jumping by 66% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% 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 somewhat for the major external markets. In 2021, the countries with the highest prices were Russia ($X per ton) and Austria ($X per ton), while the average price for exports to the UK ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Ore Imports

Imports into the Netherlands

In 2021, supplies from abroad of molybdenum ores increased by 3.8% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of 87% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, molybdenum ore imports soared to $X in 2021. Overall, imports posted a noticeable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Chile (X tons) and Peru (X tons) were the main suppliers of molybdenum ore imports to the Netherlands, together accounting for 82% of total imports. Mexico, Belgium, Armenia and Canada lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Mexico ($X) were the largest molybdenum ore suppliers to the Netherlands, together comprising 82% of total imports. These countries were followed by Peru, Belgium, Canada and Armenia, which together accounted for a further 16%.

Belgium, with a CAGR of +30.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average molybdenum ore import price stood at $X per ton in 2021, surging by 49% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 61%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Armenia ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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