Report Update: Apr 1, 2024

Vietnam - Molybdenum Ore - Market Analysis, Forecast, Size, Trends And Insights

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Molybdenum Ore Price in Vietnam - 2022

Molybdenum Ore Price in Vietnam (CIF) - 2022

The average molybdenum ore import price stood at $13,565 per ton in 2022, with a decrease of -19.2% against the previous year. In general, the import price recorded a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 69%. As a result, import price attained the peak level of $16,793 per ton, and then reduced remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($15,196 per ton) and Belgium ($15,054 per ton), while the price for Thailand ($10,980 per ton) and the United States ($11,113 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Molybdenum Ore Price in Vietnam (FOB) - 2022

In 2022, the average molybdenum ore export price amounted to $18,949 per ton, falling by -10.4% against the previous year. Overall, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $21,138 per ton, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($19,057 per ton), while the average price for exports to South Korea totaled $18,897 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Molybdenum Ore Imports in Vietnam

In 2022, overseas purchases of molybdenum ores decreased by -0.5% to 2.9K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports attained the peak of 3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, molybdenum ore imports contracted markedly to $39M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports reached the peak of $49M, and then shrank markedly in the following year.

Import of Molybdenum Ore in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	0.9	6.1	18.4	15.9	160.4%
United States	15.5	8.7	6.9	8.8	-17.2%
South Korea	3.9	6.2	7.6	6.6	19.2%
Germany	3.2	2.1	2.5	2.2	-11.7%
France	0.2	2.5	2.1	1.8	108.0%
Belgium	0.7	0.2	1.3	1.1	16.3%
Thailand	1.5	1.5	1.0	1.1	-9.8%
China	2.2	N/A	N/A	N/A	0%
Singapore	1.5	N/A	2.1	N/A	18.3%
Others	0.4	2.3	6.9	1.6	58.7%
Total	30.0	29.6	48.8	39.2	9.3%

Top Suppliers of Molybdenum Ore to Vietnam in 2022:

Chile (1056.6 tons)
United States (795.4 tons)
South Korea (432.9 tons)
Germany (193.1 tons)
France (120.1 tons)
Thailand (102.4 tons)
Belgium (75.7 tons)

Molybdenum Ore Exports in Vietnam

Molybdenum ore exports from Vietnam fell dramatically to 625 tons in 2022, with a decrease of -34.8% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 230% against the previous year. As a result, the exports attained the peak of 960 tons, and then shrank significantly in the following year.

In value terms, molybdenum ore exports shrank rapidly to $12M in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 495% against the previous year. As a result, the exports reached the peak of $20M, and then fell remarkably in the following year.

Export of Molybdenum Ore in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	4.8	1.4	13.6	8.0	18.6%
Japan	1.3	0.2	6.7	3.9	44.2%
Netherlands	3.3	0.7	N/A	N/A	-78.8%
Others	0.7	1.0	N/A	N/A	42.9%
Total	9.9	3.4	20.3	11.8	6.0%

Top Export Markets for Molybdenum Ore from Vietnam in 2022:

South Korea (421.3 tons)
Japan (204.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the molybdenum ore market in Vietnam. 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:

Vietnam

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

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
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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