Russian Federation: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in the Russian Federation

In 2021, the Russian molybdenum ore market decreased by -4.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a perceptible increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Molybdenum Ore Exports

Exports from the Russian Federation

Molybdenum ore exports from Russia fell sharply to X tons in 2021, reducing by -32% against 2020. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 3,357,937%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, molybdenum ore exports contracted notably to $X in 2021. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2014 when exports increased by 2,756,745% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for molybdenum ore exports from Russia, accounting for a 61% share of total exports. Moreover, molybdenum ore exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was held by France (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-43.9% per year) and France (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for molybdenum ore exports from Russia, comprising 62% of total exports. The second position in the ranking was held by Belgium ($X), with a 27% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to -27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-39.2% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the average molybdenum ore export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% 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 decreased by -14.0% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Estonia ($X per ton), while the average price for exports to Kazakhstan ($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 Estonia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Ore Imports

Imports into the Russian Federation

In 2021, approx. X tons of molybdenum ores were imported into Russia; waning by -28% against the previous year's figure. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 470% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, molybdenum ore imports rose significantly to $X in 2021. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 296% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Chile (X tons) were the main suppliers of molybdenum ore imports to Russia, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Belgium ($X) were the largest molybdenum ore suppliers to Russia, together accounting for 75% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +32.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average molybdenum ore import price amounted to $X per ton, picking up by 59% against the previous year. In general, the import price enjoyed a measured increase. The pace of growth appeared the most rapid in 2013 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 China ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :