Philippines: Market for Other than Roasted Molybdenum Ores and Concentrates 2025

Market Size for Other than Roasted Molybdenum Ores and Concentrates in the Philippines

The Philippine market for other than roasted molybdenum ores and concentrateses stood at $X in 2021, growing by 4.3% against the previous year. Over the period under review, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Other than Roasted Molybdenum Ores and Concentrates in the Philippines

In value terms, production of other than roasted molybdenum ores and concentrateses rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Other than Roasted Molybdenum Ores and Concentrates

Exports from the Philippines

In 2021, after two years of decline, there was growth in shipments abroad of other than roasted molybdenum ores and concentrateses, when their volume increased by 0.7% to X tons. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 17%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of other than roasted molybdenum ores and concentrateses stood at $X in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 26%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of other than roasted molybdenum ores and concentrateses from the Philippines, accounting for a 99% share of total exports. It was followed by Thailand (X tons), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) remains the key foreign market for other than roasted molybdenum ores and concentrateses exports from the Philippines, comprising 93% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +6.5%.

Export Prices by Country

The average export price for other than roasted molybdenum ores and concentrateses stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for other than roasted molybdenum ores and concentrateses decreased by -9.4% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+23.5%).

Imports of Other than Roasted Molybdenum Ores and Concentrates

Imports into the Philippines

In 2021, supplies from abroad of other than roasted molybdenum ores and concentrateses decreased by -12.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2019 with an increase of 125% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of other than roasted molybdenum ores and concentrateses dropped notably to $X in 2021. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of 37%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

The Netherlands (X tons), Japan (X tons) and the United States (X kg) were the main suppliers of imports of other than roasted molybdenum ores and concentrateses to the Philippines, with a combined 99.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +42.8%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of other than roasted molybdenum ores and concentrateses to the Philippines, comprising 91% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-30.0% per year) and the United States (-51.2% per year).

Import Prices by Country

In 2021, the average import price for other than roasted molybdenum ores and concentrateses amounted to $X per ton, which is down by -32.7% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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