Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam - 2022
Contents:
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (CIF) - 2022
- Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (FOB) - 2022
- Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam
- Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (CIF) - 2022
In December 2022, the average import price for molybdenum; articles thereof, including waste and scrap amounted to $98,461 per ton, rising by 18% against the previous month. Overall, the import price showed a mild increase. The pace of growth was the most pronounced in April 2022 when the average import price increased by 90% m-o-m. As a result, import price attained the peak level of $192K per ton. From May 2022 to December 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($98,954 per ton), while the price for China totaled $96,897 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (FOB) - 2022
The average export price for molybdenum; articles thereof, including waste and scrap stood at $49,790 per ton in 2022, growing by 19% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $93,758 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +13.7% per year.
Imports of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam
Imports of molybdenum; articles thereof, including waste and scrap into Vietnam skyrocketed to 34 tons in 2022, rising by 25% compared with 2021 figures. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of molybdenum; articles thereof, including waste and scrap skyrocketed to $3.4M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 109% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 338 | 1,113 | 1,075 | 1,703 | 71.4% |
| China | 923 | 1,586 | 1,234 | 1,530 | 18.3% |
| South Korea | 47.3 | 217 | 35.9 | 99.2 | 28.0% |
| Taiwan (Chinese) | 96.0 | 58.0 | 110 | 39.3 | -25.7% |
| Others | 63.5 | 97.7 | 40.6 | 35.9 | -17.3% |
| Total | 1,468 | 3,071 | 2,496 | 3,407 | 32.4% |
Top Suppliers of Molybdenum; Articles Thereof, Including Waste and Scrap to Vietnam in 2022:
- Japan (16.7 tons)
- China (15.1 tons)
- South Korea (1.0 tons)
- Taiwan (Chinese) (0.4 tons)
Exports of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam
In 2022, shipments abroad of molybdenum; articles thereof, including waste and scrap decreased by -40.2% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 142% against the previous year. As a result, the exports attained the peak of 2.8 tons, and then dropped significantly in the following year.
In value terms, exports of molybdenum; articles thereof, including waste and scrap shrank markedly to $84K in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 257% against the previous year. As a result, the exports attained the peak of $118K, and then reduced remarkably in the following year.
| Export of Molybdenum; Articles Thereof, Including Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 18.4 | 26.6 | 80.9 | 84.1 | 66.0% |
| Hong Kong SAR | N/A | 6.6 | N/A | N/A | 0% |
| Japan | N/A | N/A | 37.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.4 | 33.2 | 118 | 84.1 | 66.0% |
Top Export Markets for Molybdenum; Articles Thereof, Including Waste and Scrap from Vietnam in 2022:
- South Korea (1.7 tons)
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