Europe: Ferro-Molybdenum Market 2024

Ferro-Molybdenum Market Size in Europe

For the third year in a row, the Europe ferro-molybdenum market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Ferro-Molybdenum Production in Europe

In value terms, ferro-molybdenum production totaled $X in 2023 estimated in export price. In general, production, however, showed a slight decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Ferro-Molybdenum Exports

Exports in Europe

Ferro-molybdenum exports surged to X tons in 2023, increasing by X% against the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, ferro-molybdenum exports skyrocketed to $X in 2023. Over the period under review, exports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Belgium (X tons) and the Netherlands (X tons) were the main exporters of ferro-molybdenum in Europe, together recording approx. X% of total exports. It was distantly followed by the UK (X tons), constituting a X% share of total exports. The following exporters - France (X tons) and Germany (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the Netherlands ($X), Belgium ($X) and the UK ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Ferro-Molybdenum Imports

Imports in Europe

In 2023, overseas purchases of ferro-molybdenum increased by X% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, ferro-molybdenum imports surged to $X in 2023. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

The Netherlands was the major importer of ferro-molybdenum in Europe, with the volume of imports recording X tons, which was near X% of total imports in 2023. Italy (X tons) took the second position in the ranking, followed by Germany (X tons), Belgium (X tons) and Sweden (X tons). All these countries together held near X% share of total imports. Spain (X tons) and Russia (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the ferro-molybdenum imports, with a CAGR of X% from 2012 to 2023. At the same time, Russia (X%), Belgium (X%) and Italy (X%) displayed positive paces of growth. By contrast, Sweden (X%), Germany (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Russia (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sweden (X p.p.), Spain (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-molybdenum in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In the Netherlands, ferro-molybdenum imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Sweden ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform