Ferro-Alloys; Ferro-Vanadium Price in Indonesia - 2022
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Indonesia (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in Indonesia (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in Indonesia
- Ferro-Alloys; Ferro-Vanadium Exports in Indonesia
Ferro-Alloys; Ferro-Vanadium Price in Indonesia (CIF) - 2022
The average ferro-alloys; ferro-vanadium import price stood at $27,365 per ton in 2022, which is down by -20.2% against the previous year. Overall, the import price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. Over the period under review, average import prices reached the peak figure at $50,789 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($31,120 per ton) and South Africa ($27,343 per ton), while the price for China ($25,091 per ton) and South Korea ($25,409 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in Indonesia (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $21,914 per ton in 2022, declining by -20.3% against the previous year. Over the period under review, the export price showed a sharp decrease. Over the period under review, the average export prices reached the peak figure at $73,950 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 the Netherlands.
From 2018 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Ferro-Alloys; Ferro-Vanadium Imports in Indonesia
In 2022, imports of ferro-alloys; ferro-vanadia into Indonesia expanded remarkably to 99 tons, growing by 5.7% on 2021. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of 105 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ferro-alloys; ferro-vanadium imports fell rapidly to $2.7M in 2022. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year.
Import of Ferro-Alloys; Ferro-Vanadium in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 708 | 1,008 | 2,222 | 1,666 | 33.0% |
China | 821 | 556 | 461 | 512 | -14.6% |
Taiwan (Chinese) | 323 | 141 | 297 | 330 | 0.7% |
South Korea | 2,190 | 405 | 128 | 103 | -63.9% |
Others | 191 | 104 | 116 | 108 | -17.3% |
Total | 4,233 | 2,214 | 3,224 | 2,719 | -13.7% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Indonesia in 2022:
- South Africa (60.9 tons)
- China (20.4 tons)
- Taiwan (Chinese) (10.6 tons)
- South Korea (4.1 tons)
Ferro-Alloys; Ferro-Vanadium Exports in Indonesia
In 2022, approx. 5.2 tons of ferro-alloys; ferro-vanadia were exported from Indonesia; rising by 1,868% against 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium exports skyrocketed to $113K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Ferro-Alloys; Ferro-Vanadium in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Netherlands | N/A | 3.7 | 0% | ||
Sweden | 3.6 | N/A | 0% | ||
Others | 3.6 | 110 | 2955.6% | ||
Total | 7.2 | 113 | 1469.4% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Indonesia in 2022:
- Netherlands (0.2 tons)
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Indonesia sharply increased ferroalloy exports due to booming demand from its major trade partner, China. The supplies to China grew nearly twofold, while the total exports from Indonesia spiked from 1.6M tons in 2019 to 2.9M tons in 2020. In value terms, China’s purchases comprise 96% of total ferroalloy exports from Indonesia.
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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