Russian Federation: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in the Russian Federation

In 2022, the Russian molybdenum oxides and hydroxides market decreased by -30.6% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted remarkably in the following year.

Exports of Molybdenum Oxides And Hydroxides

Exports from the Russian Federation

In 2021, shipments abroad of molybdenum oxides and hydroxides decreased by -49.1% to X kg, falling for the second consecutive year after three years of growth. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 606% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, molybdenum oxides and hydroxides exports contracted to $X in 2021. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 481% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for molybdenum oxides and hydroxides exports from Russia, accounting for a 99% share of total exports. It was followed by Ukraine (X kg), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +73.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-43.5% per year) and Belarus (-31.7% per year).

In value terms, the United States ($X) remains the key foreign market for molybdenum oxides and hydroxides exports from Russia, comprising 100% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +88.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-47.6% per year) and Belarus (-39.2% per year).

Export Prices by Country

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2021, growing by 95% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belarus ($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 the United States (+8.8%), while the prices for the other major destinations experienced a decline.

Imports of Molybdenum Oxides And Hydroxides

Imports into the Russian Federation

In 2022, purchases abroad of molybdenum oxides and hydroxides decreased by -40.9% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 39%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides imports plummeted to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main molybdenum oxides and hydroxides supplier to Russia, with a 96% share of total imports. Moreover, molybdenum oxides and hydroxides imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.9%.

In value terms, China ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Russia, comprising 97% of total imports. The second position in the ranking was taken by India ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +25.5%.

Import Prices by Country

The average molybdenum oxides and hydroxides import price stood at $X per ton in 2022, surging by 37% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum oxides and hydroxides import price increased by +169.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 96% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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