Molybdenum; Wire Price in the United States - 2023
Contents:
- Molybdenum; Wire Price in the United States (CIF) - 2023
- Molybdenum; Wire Price in the United States (FOB) - 2022
- Molybdenum; Wire Imports in the United States
- Molybdenum; Wire Exports in the United States
Molybdenum; Wire Price in the United States (CIF) - 2023
In September 2023, the average molybdenum; wire import price amounted to $137K per ton, dropping by -22.1% against the previous month. In general, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in February 2023 an increase of 222% against the previous month. As a result, import price attained the peak level of $468K per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($225K per ton), while the price for China ($119K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Molybdenum; Wire Price in the United States (FOB) - 2022
The average molybdenum; wire export price stood at $75,488 per ton in 2022, picking up by 7.8% against the previous year. Overall, the export price, however, saw a slight decrease. The growth pace was the most rapid in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $116,780 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($119,466 per ton), while the average price for exports to Canada ($46,104 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 Mexico (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Molybdenum; Wire Imports in the United States
Molybdenum; wire imports into the United States fell to 16 tons in 2022, waning by -11.6% against the previous year. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, molybdenum; wire imports declined to $2M in 2022. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.
| Import of Molybdenum; Wire in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 482 | 590 | 807 | 883 | 22.4% |
| India | 62.6 | 182 | 231 | 338 | 75.4% |
| Czech Republic | 629 | 299 | 188 | 310 | -21.0% |
| Sweden | 353 | 48.7 | 118 | 156 | -23.8% |
| Austria | 272 | 291 | 435 | 115 | -24.9% |
| Germany | 326 | 160 | 142 | 105 | -31.5% |
| Others | 139 | 42.7 | 92.2 | 87.4 | -14.3% |
| Total | 2,263 | 1,614 | 2,013 | 1,994 | -4.1% |
Top Suppliers of Molybdenum; Wire to the United States in 2022:
- China (10.7 tons)
- Czech Republic (1.9 tons)
- India (1.1 tons)
- Sweden (0.8 tons)
- Austria (0.7 tons)
- Germany (0.7 tons)
Molybdenum; Wire Exports in the United States
In 2022, shipments abroad of molybdenum; wires increased by 66% to 5.7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a mild descent.
In value terms, molybdenum; wire exports surged to $431K in 2022. Over the period under review, exports, however, recorded a deep contraction.
| Export of Molybdenum; Wire in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 201 | 125 | 57.6 | 122 | -15.3% |
| United Kingdom | 30.2 | 48.9 | 48.8 | 68.8 | 31.6% |
| Canada | 47.9 | 38.9 | 32.7 | 41.8 | -4.4% |
| Japan | 13.2 | 4.8 | 9.9 | 36.6 | 40.5% |
| Germany | 15.8 | 74.7 | 30.1 | 30.5 | 24.5% |
| India | N/A | 41.1 | 16.9 | 29.6 | -15.1% |
| China | 12.2 | 10.5 | N/A | 28.7 | 33.0% |
| Ireland | N/A | N/A | 2.5 | 21.7 | 768.0% |
| Czech Republic | 2.9 | 6.5 | N/A | 18.8 | 86.5% |
| Sweden | 161 | N/A | N/A | N/A | 0% |
| Greece | 22.7 | N/A | 3.2 | N/A | -62.5% |
| Others | 32.0 | 61.0 | 39.0 | 33.1 | 1.1% |
| Total | 539 | 411 | 241 | 431 | -7.2% |
Top Export Markets for Molybdenum; Wire from the United States in 2022:
- United Kingdom (1058.0 kg)
- Mexico (1021.0 kg)
- Canada (906.0 kg)
- India (455.0 kg)
- Japan (441.0 kg)
- China (421.0 kg)
- Germany (354.0 kg)
- Ireland (334.0 kg)
- Czech Republic (217.0 kg)
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