Global Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size

For the third year in a row, the global ferro-molybdenum market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2023 and is likely to see steady growth in years to come.

Ferro-Molybdenum Production

In value terms, ferro-molybdenum production expanded markedly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth failed to regain momentum.

Ferro-Molybdenum Exports

Exports

In 2023, approx. X tons of ferro-molybdenum were exported worldwide; increasing by X% on the year before. Over the period under review, total exports indicated modest growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports failed to regain momentum.

In value terms, ferro-molybdenum exports surged to $X in 2023. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, South Korea (X tons), Belgium (X tons) and the Netherlands (X tons) was the main exporter of ferro-molybdenum in the world, mixing up X% of total export. The UK (X tons) took the next position in the ranking, followed by Chile (X tons), China (X tons) and Armenia (X tons). All these countries together held approx. X% share of total exports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), South Korea ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The UK, Chile, China, Armenia and Brazil lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average ferro-molybdenum export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw tangible growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The global export price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Armenia (X%), while the other global leaders experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports

In 2023, global imports of ferro-molybdenum stood at X tons, therefore, remained relatively stable against 2022. In general, total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, ferro-molybdenum imports soared to $X in 2023. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, the Netherlands (X tons) represented the major importer of ferro-molybdenum, committing X% of total imports. It was distantly followed by Indonesia (X tons), Italy (X tons), Germany (X tons), the United States (X tons) and Belgium (X tons), together committing a X% share of total imports. China (X tons), Sweden (X tons), Taiwan (Chinese) (X tons), India (X tons), Spain (X tons), South Korea (X tons) and Russia (X tons) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%), China (X%), South Korea (X%), Russia (X%), India (X%), Belgium (X%), Taiwan (Chinese) (X%), the United States (X%) and Italy (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Sweden (X%), Germany (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Indonesia (X p.p.), China (X p.p.), India (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Italy (X p.p.), Sweden (X p.p.), Spain (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-molybdenum worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average ferro-molybdenum import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a moderate increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform