Molybdenum; Wire Price in the Philippines - 2023
Contents:
Molybdenum; Wire Price in the Philippines (CIF) - 2022
The average molybdenum; wire import price stood at $12,067 per ton in 2022, growing by 4.9% against the previous year. Overall, the import price, however, faced a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 47%. Over the period under review, average import prices hit record highs at $70,686 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($21,575 per ton), while the price for Malaysia amounted to $7,692 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%).
Molybdenum; Wire Imports in the Philippines
In 2022, the amount of molybdenum; wires imported into the Philippines contracted dramatically to 51 tons, waning by -74.2% against the previous year. Over the period under review, imports showed a dramatic descent. The pace of growth was the most pronounced in 2021 when imports increased by 251% against the previous year.
In value terms, molybdenum; wire imports fell sharply to $612K in 2022. In general, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 102% against the previous year.
| Import of Molybdenum; Wire in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | 1.3 | 0.3 | -76.9% |
| Germany | 5.3 | 1.0 | 0.9 | 0.3 | -61.6% |
| Others | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Total | 5.9 | 1.1 | 2.3 | 0.6 | -53.3% |
Top Suppliers of Molybdenum; Wire to the Philippines in 2022:
- Malaysia (36.2 tons)
- Germany (14.3 tons)
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