In 2023, Peru led the global market for exporting molybdenum ores and concentrates except roasted, with a significant share of 39.49%. Chile and the United States followed with 23.56% and 17.35%, respectively. Noticeable growth was seen in South Korea (8.6%) and Mongolia (3.09%), indicating a positive trajectory in these regions. On the contrary, countries like Russia and Germany experienced declining exports, with reductions of 2.25% and 18.53%, respectively. Noteworthy is the 22.04% increase in Thailand, albeit from a smaller base.
Future trends to watch include potential shifts in market dynamics driven by technological advancements, geopolitical factors, and environmental regulations affecting mining practices. Monitoring South Korea's and China's growing shares might indicate emerging shifts in the global distribution of molybdenum exports. Additionally, any increased focus on sustainable practices may impact the mining sectors of leading countries.
Top countries in Export of Molybdenum Ores and Concentrates Except Roasted Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 39.49 | 2023 | +3.08% | +3.04% | View data |
| 2 | 2 Chile | 23.56 | 2023 | +3.56% | +2.22% | View data |
| 3 | 3 United States | 17.35 | 2023 | +0.97% | -0.33% | View data |
| 4 | 4 Canada | 5.19 | 2023 | +0.83% | -1.35% | View data |
| 5 | 5 Mongolia | 4.65 | 2023 | +2.62% | +3.09% | View data |
| 6 | 6 Russia | 3.68 | 2023 | +4.6% | -2.25% | View data |
| 7 | 7 China | 3.23 | 2023 | +4.5% | +3.97% | View data |
| 8 | 8 South Korea | 2.6 | 2023 | +3.38% | +8.6% | View data |
| 9 | 9 Armenia | 1.39 | 2023 | +3% | +5.72% | View data |
| 10 | 10 Brazil | 0.29 | 2023 | +5.94% | +4.58% | View data |
