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China - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Oct 5, 2023

Significant Decline in Imports of Ferro-alloys Recorded in June 2023, Reaching $1.4B in China

China FerroAlloys Imports

In June 2023, imports of ferro-alloys into China shrank markedly to 756K tons, waning by -16.7% against May 2023. The total import volume increased at an average monthly rate of +2.2% over the period from June 2022 to June 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in April 2023 with an increase of 29% m-o-m. As a result, imports reached the peak of 1.1M tons. From May 2023 to June 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-alloys imports fell sharply to $1.4B (IndexBox estimates) in June 2023. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in February 2023 with an increase of 17% against the previous month. China<a href= FerroAlloys Imports By Country (Million USD)">

COUNTRY	Import Value of FerroAlloys in China (million USD)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
Indonesia	1,210	929	1,308	1,272	1,038	1,217	1,263	1,081	1,107	1,094	1,318	1,188	1,037
Brazil	109	109	161	90.8	108	111	160	126	178	141	166	125	119
Kazakhstan	56.8	128	64.1	46.1	96.7	101	55.5	75.0	123	70.3	93.5	53.8	56.4
South Africa	63.2	221	174	174	136	99.3	44.0	127	166	223	336	156	49.8
India	35.0	73.7	56.3	26.6	13.2	37.8	34.2	39.4	41.9	48.6	44.5	35.6	43.6
New Caledonia	109	108	93.6	59.6	83.1	79.2	63.3	67.4	70.2	53.5	73.1	36.0	34.7
Zimbabwe	34.4	52.0	5.0	29.7	37.0	29.6	7.3	16.4	3.6	29.0	29.2	24.2	18.3
Others	47.6	79.4	121	116	178	174	225	134	262	266	105	118	85.3
Total	1,665	1,701	1,983	1,814	1,690	1,849	1,852	1,666	1,951	1,924	2,166	1,738	1,444

Imports by Country

In June 2023, Indonesia (583K tons) constituted the largest ferro-alloys supplier to China, accounting for a 77% share of total imports. Moreover, ferro-alloys imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (45K tons), more than tenfold. Kazakhstan (37K tons) ranked third in terms of total imports with a 4.8% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from Indonesia amounted to +2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Africa (-0.9% per month) and Kazakhstan (+1.0% per month).

In value terms, Indonesia ($1B) constituted the largest supplier of ferro-alloys to China, comprising 72% of total imports. The second position in the ranking was taken by Brazil ($119M), with an 8.3% share of total imports. It was followed by Kazakhstan, with a 3.9% share.

From June 2022 to June 2023, the average monthly growth rate of value from Indonesia amounted to -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Brazil (+0.8% per month) and Kazakhstan (-0.1% per month).

Imports by Type

In June 2023, miscellaneous ferro-alloys (619K tons) constituted the largest type of ferro-alloys supplied to China, with a 82% share of total imports. Moreover, miscellaneous ferro-alloys exceeded the figures recorded for the second-largest type, ferro-chromium (132K tons), fivefold. Ferro-silicon (3.6K tons) ranked third in terms of total imports with a 0.5% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of miscellaneous ferro-alloys stood at +2.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: ferro-chromium (+0.1% per month) and ferro-silicon (+8.5% per month).

In value terms, miscellaneous ferro-alloys ($1.3B) constituted the largest type of ferro-alloys supplied to China, comprising 87% of total imports. The second position in the ranking was taken by ferro-chromium ($173M), with a 12% share of total imports. It was followed by ferro-molybdenum, with a 1% share.

Import Prices by Country

In June 2023, the ferroalloys price amounted to $1,910 per ton (CIF, China), approximately equating the previous month. Over the period under review, the import price saw a perceptible slump. The growth pace was the most rapid in December 2022 when the average import price increased by 13% m-o-m. The import price peaked at $2,873 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($13,690 per ton), while the price for South Africa ($1,120 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-alloys market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
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1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

China - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

Significant Decline in Imports of Ferro-alloys Recorded in June 2023, Reaching $1.4B in China

China FerroAlloys Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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