Singapore: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in Singapore

The Singaporean molybdenum oxides and hydroxides market fell remarkably to $X in 2022, declining by -62% against the previous year. Over the period under review, consumption, however, showed a notable increase. Molybdenum oxides and hydroxides consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Molybdenum Oxides And Hydroxides in Singapore

In value terms, molybdenum oxides and hydroxides production dropped remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 156% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from Singapore

In 2022, the amount of molybdenum oxides and hydroxides exported from Singapore dropped modestly to X tons, falling by -3.7% on the previous year. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 300%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides exports shrank dramatically to $X in 2022. Over the period under review, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of 448% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for molybdenum oxides and hydroxides exports from Singapore, accounting for a 96% share of total exports. Moreover, molybdenum oxides and hydroxides exports to Japan exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+29.6% per year) and Vietnam (-49.1% per year).

In value terms, Japan ($X) remains the key foreign market for molybdenum oxides and hydroxides exports from Singapore, comprising 99% of total exports. The second position in the ranking was taken by India ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+21.5% per year) and Vietnam (-47.4% per year).

Export Prices by Country

The average molybdenum oxides and hydroxides export price stood at $X per ton in 2022, waning by -24.1% against the previous year. Overall, the export price faced a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 621% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+58.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Molybdenum Oxides And Hydroxides

Imports into Singapore

In 2022, molybdenum oxides and hydroxides imports into Singapore contracted rapidly to X tons, shrinking by -84.5% compared with 2021 figures. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 13,426% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides imports declined sharply to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 16,520%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) was the main molybdenum oxides and hydroxides supplier to Singapore, accounting for a 99% share of total imports. It was followed by China (X kg), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to -10.4%.

In value terms, Japan ($X) constituted the largest supplier of molybdenum oxides and hydroxides to Singapore, comprising 99% of total imports. The second position in the ranking was taken by China ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to -12.6%.

Import Prices by Country

The average molybdenum oxides and hydroxides import price stood at $X per ton in 2022, declining by -15.7% against the previous year. Over the period under review, the import price, however, posted slight growth. The growth pace was the most rapid in 2016 when the average import price increased by 93%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced notably in the following year.

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 Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.4%).

Source: IndexBox Platform

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