United Kingdom: Market for Molybdenum Oxides And Hydroxides 2024

Market Size for Molybdenum Oxides And Hydroxides in the UK

The UK molybdenum oxides and hydroxides market declined markedly to $X in 2022, which is down by -53.3% 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). Over the period under review, consumption faced a deep slump. Molybdenum oxides and hydroxides consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Molybdenum Oxides And Hydroxides

Exports from the UK

In 2022, approx. X kg of molybdenum oxides and hydroxides were exported from the UK; waning by -85% against 2021 figures. Over the period under review, exports recorded a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of 4,705% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, molybdenum oxides and hydroxides exports shrank dramatically to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 3,660%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X kg) was the main destination for molybdenum oxides and hydroxides exports from the UK, accounting for a 49% share of total exports. Moreover, molybdenum oxides and hydroxides exports to Ireland exceeded the volume sent to the second major destination, France (X kg), threefold. The third position in this ranking was taken by Portugal (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.1% per year) and Portugal (+8.0% per year).

In value terms, Portugal ($X), Indonesia ($X) and Ireland ($X) were the largest markets for molybdenum oxides and hydroxides exported from the UK worldwide, together comprising 47% of total exports. France, the United States and Germany lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, France, with a CAGR of +22.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average molybdenum oxides and hydroxides export price amounted to $X per ton, with an increase of 54% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 270%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Ireland ($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 Germany (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Molybdenum Oxides And Hydroxides

Imports into the UK

For the third year in a row, the UK recorded decline in purchases abroad of molybdenum oxides and hydroxides, which decreased by -58.1% to X tons in 2022. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 210% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum oxides and hydroxides imports shrank dramatically to $X in 2022. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 284%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) was the main molybdenum oxides and hydroxides supplier to the UK, with a 96% share of total imports. It was followed by the Netherlands (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam was relatively modest.

In value terms, Vietnam ($X) constituted the largest supplier of molybdenum oxides and hydroxides to the UK, comprising 96% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam was relatively modest.

Import Prices by Country

The average molybdenum oxides and hydroxides import price stood at $X per ton in 2022, jumping by 41% against the previous year. Overall, the import price saw a temperate increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+82.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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