Report Update: Apr 1, 2024

Republic of Korea - Molybdenum Ore - Market Analysis, Forecast, Size, Trends And Insights

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Molybdenum Ore Price in South Korea - 2022

Molybdenum Ore Price in South Korea (CIF) - 2022

In December 2022, the average molybdenum ore import price amounted to $23,575 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 16% m-o-m. Over the period under review, average import prices hit record highs at $23,576 per ton in December 2021; afterwards, it flattened through to December 2022.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Mexico ($25,039 per ton) and Chile ($24,442 per ton), while the price for Armenia ($16,999 per ton) and Peru ($21,384 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Molybdenum Ore Price in South Korea (FOB) - 2022

In 2022, the average molybdenum ore export price amounted to $7,050 per ton, dropping by -27.2% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 59%. The export price peaked at $16,880 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($39,170 per ton), while the average price for exports to Thailand ($868 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 Taiwan (Chinese) (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Molybdenum Ore Imports in South Korea

In 2022, imports of molybdenum ores into South Korea dropped to 37K tons, with a decrease of -15% against the previous year. Overall, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, imports reached the peak of 44K tons, and then dropped in the following year.

In value terms, molybdenum ore imports plummeted to $574M in 2022. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 111% against the previous year. As a result, imports attained the peak of $779M, and then fell markedly in the following year.

Import of Molybdenum Ore in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	237	143	355	196	-6.1%
China	22.2	40.3	84.4	163	94.4%
Mexico	188	71.4	168	113	-15.6%
Vietnam	11.0	8.4	31.4	21.0	24.1%
Belgium	18.8	25.9	17.9	13.9	-9.6%
United States	62.8	46.2	39.5	12.2	-42.1%
Malaysia	13.9	10.7	14.0	9.4	-12.2%
Peru	15.0	4.6	6.6	4.7	-32.1%
Others	43.9	18.8	62.8	41.9	-1.5%
Total	613	369	779	574	-2.2%

Top Suppliers of Molybdenum Ore to South Korea in 2022:

Chile (10.5K tons)
China (8.5K tons)
Mexico (8.3K tons)
Malaysia (3.0K tons)
Vietnam (1.3K tons)
Belgium (0.9K tons)
Peru (0.8K tons)
United States (0.5K tons)

Molybdenum Ore Exports in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of molybdenum ores, when their volume decreased by -14.9% to 7.9K tons. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 163% against the previous year. As a result, the exports attained the peak of 9.3K tons, and then fell in the following year.

In value terms, molybdenum ore exports declined remarkably to $56M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 319%. As a result, the exports reached the peak of $90M, and then reduced markedly in the following year.

Export of Molybdenum Ore in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	0.1	0.1	7.6	15.3	434.8%
Japan	5.7	5.4	56.6	13.8	34.3%
Vietnam	2.0	3.6	6.1	10.2	72.1%
Netherlands	0.3	0.7	2.7	4.1	139.1%
China	0.6	8.5	3.9	2.3	56.5%
Thailand	1.4	0.7	0.3	2.1	14.5%
Others	1.4	2.5	13.1	8.1	79.5%
Total	11.4	21.6	90.3	56.0	70.0%

Top Export Markets for Molybdenum Ore from South Korea in 2022:

Vietnam (4.0K tons)
Thailand (2.5K tons)
Taiwan (Chinese) (0.4K tons)
Japan (0.4K tons)
Netherlands (0.2K tons)
China (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the molybdenum ore market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291925 -
Prodcom 07291926 -

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023