CIS: Molybdenum Market 2024

Molybdenum Market Size in CIS

For the third year in a row, the CIS molybdenum market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Molybdenum Production in CIS

In value terms, molybdenum production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Molybdenum Exports

Exports in CIS

In 2022, shipments abroad of molybdenum increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, molybdenum exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the main exporter of molybdenum in the CIS, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Armenia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X) remains the largest molybdenum supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Russia, molybdenum exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Molybdenum Imports

Imports in CIS

In 2022, purchases abroad of molybdenum was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, molybdenum imports surged to $X in 2022. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia represented the largest importer of molybdenum in the CIS, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Belarus (X tons), making up a X% share of total imports. Kyrgyzstan (X tons) held a little share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Russia (X p.p.), Belarus (X p.p.) and Kyrgyzstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest molybdenum importing markets in the CIS were Russia ($X), Belarus ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

Belarus, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in the CIS amounted to $X per ton, jumping by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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