Spain: Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size in Spain

The Spanish ferro-molybdenum market skyrocketed to $X in 2022, growing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.1% against 2020 indices. Ferro-molybdenum consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ferro-Molybdenum Exports

Exports from Spain

In 2022, exports of ferro-molybdenum from Spain skyrocketed to X tons, rising by 49% compared with 2021 figures. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 451% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-molybdenum exports surged to $X in 2022. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 188%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Egypt (X tons) and Turkey (X tons) were the main destinations of ferro-molybdenum exports from Spain, with a combined 76% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for ferro-molybdenum exports from Spain, comprising 42% of total exports. The second position in the ranking was held by Egypt ($X), with a 21% share of total exports. It was followed by Turkey, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Portugal stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+17.9% per year) and Turkey (0.0% per year).

Export Prices by Country

The average ferro-molybdenum export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 112%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to the Netherlands ($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 France (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports into Spain

After three years of decline, purchases abroad of ferro-molybdenum increased by 16% to X tons in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 63%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-molybdenum imports surged to $X in 2022. Over the period under review, imports continue to indicate a notable increase. The growth pace was the most rapid in 2017 with an increase of 96%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X tons), the Netherlands (X tons) and South Korea (X tons) were the main suppliers of ferro-molybdenum imports to Spain, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Belgium ($X) were the largest ferro-molybdenum suppliers to Spain, with a combined 87% share of total imports. South Korea, Armenia and France lagged somewhat behind, together accounting for a further 9.9%.

In terms of the main suppliers, South Korea, with a CAGR of +30.8%, recorded 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

The average ferro-molybdenum import price stood at $X per ton in 2022, picking up by 26% against the previous year. In general, the import price saw tangible growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 116%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Armenia ($X per ton), while the price for France ($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 UK (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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