In 2023, South Korea led the global export of Ferro-Molybdenum with 27.74 million kilograms, marking a 4.31% year-on-year increase. Belgium and the United Kingdom followed, though Belgium faced a slight decline of 2.22% whereas the UK had a modest 0.99% growth. Armenia's figures grew by 5.59%, positioning it ahead of other significant exporters like Chile and the Netherlands, which showed mixed changes. Notably, China saw a drop of 9.45%. Several smaller exporters, including Italy and Canada, experienced substantial declines, while Finland had the highest growth at 101.58%.
Future trends indicate potential shifts with technological advancements and market consolidation impacting production capabilities and strategies, especially in countries like South Korea and Belgium. Watch for any policy changes in significant economies like China that might further influence production and export volumes. Sustainability and resource management will also be crucial themes to monitor as global environmental policies evolve.
Top countries in Export of Ferro-Molybdenum by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 27,740,000 | 2023 | +5.06% | +4.31% | View data |
| 2 | 2 Belgium | 15,987,000 | 2023 | -1.69% | -2.22% | View data |
| 3 | 3 United Kingdom | 14,113,000 | 2023 | +1.41% | +0.99% | View data |
| 4 | 4 Chile | 9,504,500 | 2023 | +1.3% | -2.67% | View data |
| 5 | 5 Armenia | 9,332,700 | 2023 | +2.6% | +5.59% | View data |
| 6 | 6 Netherlands | 9,250,500 | 2023 | +2.73% | +1.16% | View data |
| 7 | 7 China | 2,412,100 | 2023 | -13.6% | -9.45% | View data |
| 8 | 8 Germany | 1,774,800 | 2023 | -4.48% | -2.01% | View data |
| 9 | 9 Russia | 1,570,500 | 2023 | -11.43% | -1.6% | View data |
| 10 | 10 United States | 1,519,200 | 2023 | +0.57% | -2.25% | View data |
