Molybdenum; Wire Price in India - 2023
Contents:
- Molybdenum; Wire Price in India (CIF) - 2022
- Molybdenum; Wire Price in India (FOB) - 2022
- Molybdenum; Wire Imports in India
- Molybdenum; Wire Exports in India
Molybdenum; Wire Price in India (CIF) - 2022
The average molybdenum; wire import price stood at $66,465 per ton in 2022, picking up by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($106,646 per ton), while the price for the United States ($51,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Molybdenum; Wire Price in India (FOB) - 2022
The average molybdenum; wire export price stood at $114,116 per ton in 2022, which is down by -31.4% against the previous year. Overall, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 56%. As a result, the export price attained the peak level of $166,257 per ton, and then dropped significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($207,478 per ton), while the average price for exports to Iran ($13,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.0%), while the prices for the other major destinations experienced a decline.
Molybdenum; Wire Imports in India
For the fourth year in a row, India recorded growth in overseas purchases of molybdenum; wires, which increased by 14% to 186 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, molybdenum; wire imports soared to $12M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Molybdenum; Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 3.8 | 6.0 | 8.1 | 33.6% |
| Austria | 2.0 | 1.6 | 2.7 | 3.6 | 21.6% |
| Germany | 0.2 | 0.4 | 0.3 | 0.4 | 26.0% |
| United States | N/A | 0.4 | N/A | 0.2 | -29.3% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 5.7 | 6.2 | 9.1 | 12.4 | 29.6% |
Top Suppliers of Molybdenum; Wire to India in 2022:
- China (143.4 tons)
- Austria (33.5 tons)
- Germany (4.7 tons)
- United States (3.6 tons)
Molybdenum; Wire Exports in India
In 2022, molybdenum; wire exports from India soared to 23 tons, picking up by 148% on the previous year's figure. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, molybdenum; wire exports skyrocketed to $2.7M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Molybdenum; Wire in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 539 | 773 | 844 | 1,429 | 38.4% |
| Germany | 50.9 | 161 | 189 | 321 | 84.8% |
| United States | 34.0 | 139 | 163 | 277 | 101.2% |
| Poland | 77.0 | 67.0 | 78.9 | 134 | 20.3% |
| Belgium | 78.5 | 36.5 | 62.9 | 107 | 10.9% |
| Bangladesh | 41.4 | 36.9 | 34.9 | 62.9 | 15.0% |
| Iran | 22.6 | 12.0 | 15.2 | 27.7 | 7.0% |
| Others | 186 | 136 | 174 | 299 | 17.1% |
| Total | 1,029 | 1,361 | 1,562 | 2,656 | 37.2% |
Top Export Markets for Molybdenum; Wire from India in 2022:
- Austria (10.1 tons)
- Bangladesh (3.9 tons)
- Iran (2.1 tons)
- Germany (1.5 tons)
- United States (1.4 tons)
- Poland (1.2 tons)
- Belgium (0.8 tons)
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