Molybdenum; Wire Price in Hong Kong SAR - 2023
Contents:
- Molybdenum; Wire Price in Hong Kong SAR (FOB) - 2023
- Molybdenum; Wire Price in Hong Kong SAR (CIF) - 2022
- Molybdenum; Wire Exports in Hong Kong SAR
- Molybdenum; Wire Imports in Hong Kong SAR
Molybdenum; Wire Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average molybdenum; wire export price amounted to $333K per ton, picking up by 97% against the previous month. Over the period under review, the export price saw strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($542K per ton), while the average price for exports to India totaled $109K per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Molybdenum; Wire Price in Hong Kong SAR (CIF) - 2022
The average molybdenum; wire import price stood at $101,993 per ton in 2022, surging by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $102,990 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($122,038 per ton) and Austria ($112,618 per ton), while the price for India ($89,855 per ton) and Germany ($109,802 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Molybdenum; Wire Exports in Hong Kong SAR
In 2022, the amount of molybdenum; wires exported from Hong Kong SAR reduced rapidly to 2.7 tons, which is down by -19.8% compared with the previous year. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 15%.
In value terms, molybdenum; wire exports reduced sharply to $270K in 2022. Over the period under review, exports faced a dramatic setback.
| Export of Molybdenum; Wire in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 581 | 439 | 279 | 216 | -28.1% |
| South Korea | 14.0 | 32.0 | 27.0 | 21.8 | 15.9% |
| United States | 0.9 | 0.8 | 0.2 | 18.3 | 172.9% |
| Argentina | N/A | N/A | N/A | 5.7 | 0% |
| Others | 3.7 | 11.4 | 23.5 | 8.1 | 29.8% |
| Total | 600 | 483 | 330 | 270 | -23.4% |
Top Export Markets for Molybdenum; Wire from Hong Kong SAR in 2022:
- China (1893.0 kg)
- South Korea (308.0 kg)
- United States (290.0 kg)
- Argentina (61.0 kg)
Molybdenum; Wire Imports in Hong Kong SAR
Molybdenum; wire imports into Hong Kong SAR was estimated at 3.9 tons in 2022, picking up by 8.6% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year.
In value terms, molybdenum; wire imports surged to $393K in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Molybdenum; Wire in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 116 | 59.7 | 10.9 | 194 | 18.7% |
| India | 19.1 | N/A | 16.7 | 141 | 94.7% |
| Austria | 219 | 173 | 285 | 55.4 | -36.8% |
| Australia | 29.9 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 12.0 | 6.2 | 2.3 | 20.9% |
| Total | 385 | 245 | 319 | 393 | 0.7% |
Top Suppliers of Molybdenum; Wire to Hong Kong SAR in 2022:
- Germany (1770.0 kg)
- India (1574.0 kg)
- Austria (492.0 kg)
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