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China - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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May 9, 2023

Ferro-silicon Export in China Surges to $60M in March 2023

China Ferrosilicon Exports

In March 2023, approximately 37K tons of ferro-silicon were exported from China; with an increase of 51% compared with the previous month's figure. Over the period under review, exports, however, recorded a abrupt slump.

In value terms, ferro-silicon exports soared to $60M (IndexBox estimates) in March 2023. In general, exports, however, saw a abrupt decline.

Ferrosilicon Exports by Country (million USD)">
COUNTRYExport Value of Ferrosilicon in China (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
South Korea35.325.237.130.933.419.715.516.812.317.912.911.215.7
Japan18.829.643.620.231.918.416.812.814.715.813.110.513.4
Mexico7.04.55.95.96.03.73.65.34.83.85.64.83.3
Thailand3.04.94.12.93.02.02.02.71.51.93.22.43.1
Vietnam6.84.61.33.92.51.43.71.81.61.20.71.02.5
Indonesia13.95.00.717.510.27.63.61.61.21.438.01.72.1
India7.910.02.43.16.76.312.56.77.22.41.10.82.1
Turkey7.619.320.55.90.80.83.53.62.92.72.01.11.7
Saudi Arabia0.20.50.80.40.70.20.81.00.30.20.60.11.5
United Arab Emirates2.60.30.90.20.61.10.60.9N/A0.4N/AN/A1.5
Canada0.61.01.61.40.40.4N/A0.70.31.11.90.71.3
Chile2.40.21.30.90.10.90.5N/A0.60.80.70.71.2
United Kingdom2.70.11.7N/A0.50.1N/AN/AN/A0.12.1N/A1.0
Others28.140.353.629.922.416.49.58.88.711.69.15.49.5
Total13714617512311978.872.662.956.461.390.940.259.9

Exports by Country

South Korea (9.3K tons), Japan (8.1K tons) and Thailand (2K tons) were the main destinations of ferro-silicon exports from China, with a combined 53% share of total exports. Mexico, Vietnam, India, Indonesia, Turkey, Saudi Arabia, the United Arab Emirates, Canada, Chile and the UK lagged somewhat behind, together comprising a further 31%.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +18.2%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($16M), Japan ($13M) and Mexico ($3.3M) constituted the largest markets for ferro-silicon exported from China worldwide, together accounting for 54% of total exports. Thailand, Vietnam, Indonesia, India, Turkey, Saudi Arabia, the United Arab Emirates, Canada, Chile and the UK lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +17.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon (35K tons) was the largest type of ferro-silicon exported from China, accounting for a 94% share of total exports. Moreover, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon exceeded the volume of the second product type, ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon (2.2K tons), more than tenfold.

From March 2022 to March 2023, the average monthly growth rate of the volume of export of ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon amounted to -6.1%.

In value terms, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon ($56M) remains the largest type of ferro-silicon exported from China, comprising 93% of total exports. The second position in the ranking was held by ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon ($4M), with a 6.6% share of total exports.

From March 2022 to March 2023, the average monthly rate of growth in terms of the export volume of ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon stood at -6.9%.

Export Prices by Country

In March 2023, the ferrosilicon price amounted to $1,627 per ton (FOB, China), leveling off at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 15% m-o-m. As a result, the export price attained the peak level of $2,237 per ton. From June 2022 to March 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In March 2023, the highest price was recorded for prices to Mexico ($1,765 per ton) and the United Arab Emirates ($1,722 per ton), while the average price for exports to India ($1,343 per ton) and Turkey ($1,384 per ton) were amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-silicon 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:

  • Prodcom 24101230 - Ferro-silicon
  • Prodcom 24101235 -
  • Prodcom 24101236 -
  • Prodcom 24101239 -

Country coverage:

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

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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