South-Eastern Asia: Molybdenum Market 2024

Molybdenum Market Size in South-Eastern Asia

In 2022, the Southeast Asian molybdenum market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Molybdenum Production in South-Eastern Asia

In value terms, molybdenum production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Molybdenum Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of molybdenum, when their volume decreased by -92.1% to X kg. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 105,761%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, molybdenum exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 5,434% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia represented the largest exporting country with an export of about X kg, which reached 72% of total exports. It was distantly followed by Singapore (X kg), comprising a 28% share of total exports.

Exports from Malaysia increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Singapore (+45.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +45.6% from 2012-2022. From 2012 to 2022, the share of Singapore increased by +28 percentage points.

In value terms, Singapore ($X) remains the largest molybdenum supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total exports.

In Singapore, molybdenum exports increased at an average annual rate of +53.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 58% against the previous year. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by 1,043% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%).

Molybdenum Imports

Imports in South-Eastern Asia

In 2022, the amount of molybdenum imported in South-Eastern Asia reduced markedly to X tons, declining by -78.5% on 2021 figures. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 155% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, molybdenum imports shrank rapidly to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 102%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the major importing country with an import of around X tons, which resulted at 58% of total imports. Thailand (X kg) held the second position in the ranking, followed by Vietnam (X kg) and the Philippines (X kg). All these countries together took near 38% share of total imports. The following importers - Indonesia (X kg) and Singapore (X kg) - each resulted at a 4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to molybdenum imports into Malaysia stood at -13.9%. At the same time, Thailand (+4.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +4.7% from 2012-2022. By contrast, Vietnam (-2.0%), Singapore (-8.8%), Indonesia (-17.6%) and the Philippines (-26.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Vietnam increased by +16 and +9.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest molybdenum importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Malaysia ($X), together comprising 83% of total imports.

Thailand, with a CAGR of +2.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 39% against the previous year. Overall, the import price saw a notable expansion. The pace of growth was the most pronounced in 2014 when the import price increased by 111%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+22.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :