Sweden: Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size in Sweden

The Swedish ferro-molybdenum market soared to $X in 2022, with an increase of 54% 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). In general, consumption saw moderate growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Ferro-Molybdenum Exports

Exports from Sweden

In 2022, ferro-molybdenum exports from Sweden expanded remarkably to X tons, surging by 6.9% on the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ferro-molybdenum exports amounted to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 135%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of ferro-molybdenum exports from Sweden, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +39.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-molybdenum exported from Sweden were Austria ($X), Germany ($X) and Belgium ($X), with a combined 80% share of total exports.

Belgium, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-molybdenum export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 Romania (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports into Sweden

In 2022, imports of ferro-molybdenum into Sweden surged to X tons, rising by 35% compared with the year before. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +77.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-molybdenum imports skyrocketed to $X in 2022. Over the period under review, imports showed a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest ferro-molybdenum supplier to Sweden, accounting for a 55% share of total imports. Moreover, ferro-molybdenum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.9% per year) and the UK (-9.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ferro-molybdenum to Sweden, comprising 50% of total imports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total imports. It was followed by the UK, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.6% per year) and the UK (-7.3% per year).

Import Prices by Country

The average ferro-molybdenum import price stood at $X per ton in 2022, rising by 32% against the previous year. In general, the import price saw a slight increase. The pace of growth was the most pronounced in 2021 an increase of 51%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 South Korea ($X per ton), while the price for Germany ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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