ASEAN: Molybdenum Market 2024

Molybdenum Market Size in ASEAN

The ASEAN molybdenum market reached $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Molybdenum Production in ASEAN

In value terms, molybdenum production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Molybdenum Exports

Exports in ASEAN

In 2022, approx. X tons of molybdenum were exported in ASEAN; dropping by X% on 2021. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, molybdenum exports dropped remarkably to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Indonesia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Singapore (X kg) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to molybdenum exports from Indonesia stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Singapore increased by X percentage points.

In value terms, Indonesia ($X) emerged as the largest molybdenum supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

In Indonesia, molybdenum exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Molybdenum Imports

Imports in ASEAN

In 2022, approx. X tons of molybdenum were imported in ASEAN; dropping by X% compared with the previous year. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, molybdenum imports declined significantly to $X in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) was the major importer of molybdenum, comprising X% of total imports. Thailand (X kg) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%). The following importers - Vietnam (X kg) and Singapore (X kg) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to molybdenum imports into Malaysia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%), the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the Philippines ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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