Molybdenum; Wire Price in Vietnam - 2022

Contents:

  1. Molybdenum; Wire Price in Vietnam (CIF) - 2022
  2. Molybdenum; Wire Price in Vietnam (FOB) - 2022
  3. Molybdenum; Wire Imports in Vietnam
  4. Molybdenum; Wire Exports in Vietnam

Molybdenum; Wire Price in Vietnam (CIF) - 2022

The average molybdenum; wire import price stood at $80,260 per ton in 2022, falling by -5.7% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 448% against the previous year. Over the period under review, average import prices attained the peak figure at $147,579 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($87,880 per ton), while the price for Malaysia ($8,160 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the prices for the other major suppliers experienced a decline.

Molybdenum; Wire Price in Vietnam (FOB) - 2022

The average molybdenum; wire export price stood at $41,075 per ton in 2022, growing by 138% against the previous year. Over the period under review, the export price showed moderate growth. The export price peaked at $85,167 per ton in 2018; however, from 2019 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 Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +11.2% per year.

Molybdenum; Wire Imports in Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of molybdenum; wires, when their volume decreased by -15.5% to 15 tons. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of 18 tons, and then reduced notably in the following year.

In value terms, molybdenum; wire imports shrank sharply to $1.2M in 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, imports reached the peak of $1.5M, and then dropped significantly in the following year.

Import of Molybdenum; Wire in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6096801,03382010.4%
Japan73.915236428957.5%
Taiwan (Chinese)32.816.841.432.90.1%
South Korea35.95.325.920.6-16.9%
Malaysia10.89.212.09.5-4.2%
Thailand14.58.46.88.7-15.7%
Others29.727.435.528.5-1.4%
Total8079001,5181,20914.4%

Top Suppliers of Molybdenum; Wire to Vietnam in 2022:

  1. China (9.3 tons)
  2. Japan (3.3 tons)
  3. Malaysia (1.2 tons)
  4. Taiwan (Chinese) (0.4 tons)
  5. Thailand (0.3 tons)
  6. South Korea (0.3 tons)

Molybdenum; Wire Exports in Vietnam

In 2022, after three years of growth, there was significant decline in shipments abroad of molybdenum; wires, when their volume decreased by -66.7% to 517 kg. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 253%.

In value terms, molybdenum; wire exports reduced notably to $21K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 236%.

Export of Molybdenum; Wire in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia3.215.78.121.287.8%
Cambodia1.4N/AN/AN/A0%
JapanN/AN/A15.1N/A0%
Others0.1N/A3.6N/A500.0%
Total4.715.726.821.265.2%

Top Export Markets for Molybdenum; Wire from Vietnam in 2022:

  1. Malaysia (517.0 kg)

Source: IndexBox Market Intelligence Platform

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