Price for Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines - 2023
Contents:
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
- Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines
- Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
In 2022, the average import price for molybdenum; articles thereof, including waste and scrap amounted to $24,694 per ton, with an increase of 76% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The import price peaked at $51,526 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Japan ($108,684 per ton), while the price for Vietnam ($10,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced a decline.
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
In 2022, the average export price for molybdenum; articles thereof, including waste and scrap amounted to $12,528 per ton, falling by -3.1% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 311% against the previous year. The export price peaked at $16,584 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +26.7% per year.
Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines
In 2022, approx. 65 tons of molybdenum; articles thereof, including waste and scrap were imported into the Philippines; shrinking by -67% against 2021 figures. Overall, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 64%.
In value terms, imports of molybdenum; articles thereof, including waste and scrap shrank remarkably to $1.6M in 2022. In general, imports faced a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 71%.
| Import of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.3 | 86.8 | 361 | 548 | 154.4% |
| Japan | 290 | 355 | 256 | 531 | 22.3% |
| Hong Kong SAR | 7.6 | 6.4 | 44.7 | 304 | 242.0% |
| Vietnam | N/A | N/A | N/A | 22.3 | 0% |
| Germany | 5,763 | 1,012 | 1,860 | 0.8 | -94.8% |
| Others | 323 | 163 | 254 | 205 | -14.1% |
| Total | 6,416 | 1,624 | 2,776 | 1,611 | -36.9% |
Top Suppliers of Molybdenum; Articles Thereof, Including Waste and Scrap to the Philippines in 2022:
- China (40.9 tons)
- Hong Kong SAR (16.3 tons)
- Japan (4.9 tons)
- Vietnam (2.1 tons)
- Germany (0.1 tons)
Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines
In 2022, approx. 581 kg of molybdenum; articles thereof, including waste and scrap were exported from the Philippines; with an increase of 293% compared with the year before. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 359% against the previous year. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of molybdenum; articles thereof, including waste and scrap soared to $7.3K in 2022. In general, exports enjoyed a significant expansion.
| Export of Molybdenum; Articles Thereof, Including Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.8 | 3.8 | 1.9 | 7.3 | 24.3% |
| Singapore | 0.3 | 6.1 | N/A | N/A | 1933.3% |
| Others | N/A | 3.0 | N/A | N/A | 0% |
| Total | 4.1 | 12.8 | 1.9 | 7.3 | 21.2% |
Top Export Markets for Molybdenum; Articles Thereof, Including Waste and Scrap from the Philippines in 2022:
- Japan (581.0 kg)
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