South-Eastern Asia: Molybdenum Ore Market 2022

Molybdenum Ore Market Size in South-Eastern Asia

In 2021, after three years of growth, there was significant decline in the Southeast Asian molybdenum ore market, when its value decreased by -X% to $X. Overall, consumption, however, posted a remarkable increase. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Molybdenum Ore Production in South-Eastern Asia

In value terms, molybdenum ore production dropped to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X, and then contracted in the following year.

Molybdenum Ore Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of molybdenum ores decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. 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 rose markedly to $X in 2021. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X tons) was the largest exporter of molybdenum ores, mixing up X% of total exports. It was distantly followed by the Philippines (X tons) and Vietnam (X tons), together mixing up a X% share of total exports. Myanmar (X tons) took a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the molybdenum ores exports, with a CAGR of +X% from 2012 to 2021. At the same time, Myanmar (+X%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. percentage points. the Philippines (-X p.p.) and Vietnam (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest molybdenum ore supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

In Thailand, molybdenum ore exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Vietnam (-X% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Molybdenum Ore Imports

Imports in South-Eastern Asia

Molybdenum ore imports dropped remarkably to X tons in 2021, shrinking by -X% compared with the year before. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, molybdenum ore imports skyrocketed to $X in 2021. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand was the key importing country with an import of about X tons, which recorded X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%).

From 2012 to 2021, average annual rates of growth with regard to molybdenum ore imports into Thailand stood at -X%. At the same time, Malaysia (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Malaysia and Vietnam increased by +X and +X percentage points, respectively.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Malaysia, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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