Molybdenum and molybdenum articles market in Germany

Earlier Report Observations

From 2018 to 2019, the German molybdenum market volume grew slightly from 2 255 t to 2 345 t, while its value declined from $84.8 million to $78.4 million. The COVID-19 pandemic in 2020 disrupted global supply chains, including mining, processing, and transport, and led to temporary closures of steel plants in Germany, contributing to a drop in market volume to 2 215 t and value to $69.0 million.

Market value rebounded sharply in 2021 to $88.5 million despite a further contraction in physical volume to 2 019 t, driven by rising demand from the German automotive industry, especially for electric vehicle production. In 2022, a technical production failure at the Climax Molybdenum plant in Rotterdam tightened European supply, while strong global demand from energy infrastructure and stainless steel applications pushed the market volume to 2 231 t and value to $113.2 million.

For 2023 and 2024, the market value remained high, reaching $119.4 million, sustained by ongoing global supply constraints and robust demand from Germany's energy infrastructure and specialty steel sectors, although high production costs locally continued to pose challenges.

Production molybdenum and molybdenum articles in Germany

In value, 2017-2020, K $ US

Germany's production of molybdenum and molybdenum articles declined for the second consecutive year. In 2020, output was valued at 28 134 thousand US dollars, representing a sharp decrease of 37.3% compared to 2019. Production peaked in 2018 at 49 947 thousand US dollars, with the largest annual increase of 18.0% recorded that same year. Over the period from 2017 to 2020, production fell by 33.5%, which translates to an average annual decline of 12.7%.

Annual dynamics of production in Germany in value, 2017-2020, K $ US

In kind, 2017-2020, t

Germany's production volume of molybdenum and molybdenum articles declined for the third consecutive year. In 2020, Germany produced 769 tonnes, marking a sharp decrease of 28.7% from 2019. From 2017 to 2020, production volume dropped by 38.1%, equating to an average annual decline of 14.8%.

Annual dynamics of production in Germany in kind, 2017-2020, t

Exports molybdenum and molybdenum articles from Germany

Exports in kind, t

Germany's exports of molybdenum and molybdenum articles declined for the second consecutive year. In 2020, export volume reached 988 tonnes, a steep drop of 35.7% compared to the previous year. Exports peaked in 2018 at 1 576 tonnes, with the largest annual increase of 0.7% recorded that year. Over the period from 2017 to 2020, exports decreased by 36.8%, with an average annual decline of 14.2%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, the United States, Japan, and the United Kingdom were the main buyers of molybdenum and molybdenum articles from Germany. The United States accounted for 21.5% of exports in volume, Japan for 15.0%, and the United Kingdom for 14.1%. Together, these three countries comprised 50.7% of Germany's total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

After a two-year rise, Germany's exports of molybdenum and molybdenum articles declined. In 2020, export value amounted to 42.4 million US dollars, down by 40.5% from 2019. Exports reached their highest point in 2019 at 71.3 million US dollars, with the largest annual increase of 20.2% recorded in 2018. Over the period from 2017 to 2020, exports decreased by 23.5%, with an average annual decline of 8.5%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

From 2017 to 2020, Germany's exports in value terms were distributed across a wide range of partner countries. The United States accounted for 21.8% of exports in value, Japan for 13.4%, and Austria for 12.4%. Together, these three countries accounted for 47.6% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports molybdenum and molybdenum articles to Germany

Imports in kind, t

After a two-year increase, Germany's imports of molybdenum and molybdenum articles declined. In 2020, Germany imported 2 434 tonnes, down by 13.2% compared to 2019. Imports peaked in 2019 at 2 804 tonnes, with the largest annual increase of 20.8% recorded in 2018. Over the period from 2017 to 2020, imports increased by 11.4%, with an average annual growth rate of 3.7%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, China, Austria, and the United States were consistently the main sources for Germany's imports of molybdenum and molybdenum articles in volume. China accounted for 40.5% of imports in volume, Austria for 27.9%, and the United States for 7.2%. Together, these three countries accounted for 75.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

After a two-year uptick, Germany's imports of molybdenum and molybdenum articles declined. In 2020, Germany imported a total of 83.3 million US dollars, marking a significant decrease of 20.6% compared to 2019. Imports reached their highest point in 2019 at 104.8 million US dollars, with the largest annual increase of 38.9% recorded in 2018. Over the period from 2017 to 2020, imports increased by 14%, with an average annual growth rate of 4.5%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, Austria, China, and the United States remained the principal suppliers of molybdenum and molybdenum articles to Germany in value terms. Austria accounted for 36.9% of imports in value, China for 35.8%, and the United States for 10.3%. Together, these three countries accounted for 83.0% of Germany's total imports in value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020