Europe: Molybdenum Market 2024

Molybdenum Market Size in Europe

In 2022, the Europe molybdenum market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Molybdenum Production in Europe

In value terms, molybdenum production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Molybdenum Exports

Exports in Europe

In 2022, the amount of molybdenum exported in Europe stood at X tons, increasing by X% compared with 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, molybdenum exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Russia (X tons) and Germany (X tons) represented roughly X% of total exports in 2022. Austria (X tons) held the next position in the ranking, followed by Estonia (X tons). All these countries together took near X% share of total exports. The UK (X tons) held a minor share of total exports.

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

In value terms, the largest molybdenum supplying countries in Europe were the Netherlands ($X), Germany ($X) and Russia ($X), together accounting for X% of total exports. Austria, Estonia and the UK lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced more modest paces of growth.

Molybdenum Imports

Imports in Europe

In 2022, purchases abroad of molybdenum decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, molybdenum imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) and the Netherlands (X tons) were the largest importers of molybdenum in Europe, together recording near X% of total imports. Germany (X tons) held the next position in the ranking, followed by the UK (X tons), Estonia (X tons) and Austria (X tons). All these countries together held near X% share of total imports. Russia (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest molybdenum importing markets in Europe were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. The UK, Estonia, Austria and Russia lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price posted a perceptible increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and Russia ($X per ton), while Estonia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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