Global Ferro-Alloys Market 2024

Ferro-Alloys Market Size

In 2022, the global ferro-alloys market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Ferro-Alloys Production

In value terms, ferro-alloys production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Ferro-Alloys Exports

Exports

Global ferro-alloys exports rose markedly to X tons in 2022, increasing by X% against the previous year. Overall, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, ferro-alloys exports skyrocketed to $X in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Indonesia (X tons), distantly followed by South Africa (X tons), India (X tons), Kazakhstan (X tons) and China (X tons) represented the major exporters of ferro-alloys, together mixing up X% of total exports. The following exporters - Norway (X tons), the Netherlands (X tons), Russia (X tons), Malaysia (X tons), Brazil (X tons), Zimbabwe (X tons) and Ukraine (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest ferro-alloys supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by South Africa ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Brazil (X% per year).

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The global export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Ferro-Alloys Imports

Imports

In 2022, purchases abroad of ferro-alloys increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, ferro-alloys imports soared to $X in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China represented the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Indonesia (X tons), the United States (X tons) and Japan (X tons), together achieving a X% share of total imports. The Netherlands (X tons), South Korea (X tons), Germany (X tons), Taiwan (Chinese) (X tons), Italy (X tons), Turkey (X tons), Belgium (X tons), India (X tons) and Spain (X tons) held a minor share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), the Netherlands (X%), India (X%), Turkey (X%), Spain (X%) and the United States (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese), Belgium and Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%), Italy (X%) and Germany (X%) illustrated a downward trend over the same period. China (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the global imports, while Taiwan (Chinese), the United States, Italy, South Korea, Germany and Japan saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ferro-alloys worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with an X% share of global imports. It was followed by Japan, with a X% share.

In China, ferro-alloys imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform