Molybdenum; Wire Price in Italy - 2023
Contents:
- Molybdenum; Wire Price in Italy (CIF) - 2023
- Molybdenum; Wire Price in Italy (FOB) - 2022
- Molybdenum; Wire Imports in Italy
- Molybdenum; Wire Exports in Italy
Molybdenum; Wire Price in Italy (CIF) - 2023
The average molybdenum; wire import price stood at $167K per ton in August 2023, rising by 66% against the previous month. In general, the import price continues to indicate pronounced growth. The most prominent rate of growth was recorded in January 2023 an increase of 228% month-to-month. As a result, import price reached the peak level of $187K per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +18.0% per month.
Molybdenum; Wire Price in Italy (FOB) - 2022
In 2022, the average molybdenum; wire export price amounted to $110,976 per ton, declining by -38% against the previous year. Over the period under review, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2014 an increase of 474%. Over the period under review, the average export prices reached the peak figure at $414,579 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($232,389 per ton), while the average price for exports to Georgia ($76,447 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 Turkey (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Molybdenum; Wire Imports in Italy
In 2022, approx. 45 tons of molybdenum; wires were imported into Italy; falling by -23.7% against the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of 59 tons, and then declined notably in the following year.
In value terms, molybdenum; wire imports fell to $3.2M in 2022. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of $3.4M, and then declined in the following year.
| Import of Molybdenum; Wire in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1,823 | 1,832 | 3,189 | 1,671 | -2.9% |
| Germany | 4.2 | 89.5 | 74.6 | 1,405 | 594.2% |
| China | 42.2 | 60.7 | 40.3 | 51.8 | 7.1% |
| Others | 20.1 | 20.9 | 113 | 101 | 71.3% |
| Total | 1,889 | 2,003 | 3,418 | 3,229 | 19.6% |
Top Suppliers of Molybdenum; Wire to Italy in 2022:
- Germany (22.9 tons)
- Austria (21.2 tons)
- China (0.5 tons)
Molybdenum; Wire Exports in Italy
Molybdenum; wire exports from Italy surged to 531 kg in 2022, with an increase of 148% on the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 302% against the previous year. As a result, the exports attained the peak of 828 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, molybdenum; wire exports surged to $59K in 2022. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 104% against the previous year. As a result, the exports reached the peak of $78K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Molybdenum; Wire in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | N/A | N/A | N/A | 32.0 | 0% |
| Germany | 5.4 | 29.1 | 30.6 | 11.0 | 26.8% |
| Bulgaria | 1.1 | 1.1 | 1.1 | 5.1 | 66.7% |
| Sweden | N/A | N/A | N/A | 1.9 | 0% |
| Cameroon | N/A | 8.3 | N/A | N/A | 0% |
| Croatia | 2.0 | 2.2 | N/A | N/A | 10.0% |
| South Africa | N/A | 13.6 | N/A | N/A | 0% |
| Turkey | 14.6 | 13.0 | N/A | N/A | -11.0% |
| Others | 14.9 | 10.2 | 6.5 | 9.0 | -15.5% |
| Total | 38.0 | 77.6 | 38.3 | 58.9 | 15.7% |
Top Export Markets for Molybdenum; Wire from Italy in 2022:
- Georgia (418.0 kg)
- Germany (50.0 kg)
- Bulgaria (22.0 kg)
- Sweden (11.0 kg)
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