Benelux: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Benelux

After three years of growth, the Benelux ferro-alloys market decreased by X% to $X in 2023. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Ferro-Alloys Production in Benelux

In value terms, ferro-alloys production stood at $X in 2023 estimated in export price. Overall, production recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Ferro-Alloys Exports

Exports in Benelux

In 2023, overseas shipments of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total exports indicated slight growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then shrank in the following year.

In value terms, ferro-alloys exports expanded modestly to $X in 2023. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands was the largest exporter of ferro-alloys in Benelux, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), creating a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the ferro-alloys exports, with a CAGR of X% from 2012 to 2023. Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) remains the largest ferro-alloys supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, ferro-alloys exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Ferro-Alloys Imports

Imports in Benelux

After three years of growth, overseas purchases of ferro-alloys decreased by X% to X tons in 2023. In general, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, ferro-alloys imports reduced to $X in 2023. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped slightly in the following year.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Belgium (X tons), achieving a X% share of total imports. Luxembourg (X tons) took a little share of total imports.

The Netherlands was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. Belgium (X%) and Luxembourg (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Luxembourg (X p.p.) and Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-alloys in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform