Japan - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingJapan's 2024 Ferro-Silicon Imports Plunge Significantly to $682 Million
Japan Ferro-Silicon Imports
For the third year in a row, Japan recorded decline in purchases abroad of ferro-silicon, which decreased by -3.6% to 350K tons in 2024. Over the period under review, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports attained the maximum at 510K tons in 2014; however, from 2015 to 2024, imports failed to regain momentum.
In value terms, ferro-silicon imports contracted to $589M (IndexBox estimates) in 2024. In general, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by 97% against the previous year. Imports peaked at $1B in 2022; however, from 2023 to 2024, imports failed to regain momentum.
| COUNTRY | Import Value of Ferro-Silicon in Japan (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Brazil | 129 | 109 | 82.0 | 87.7 | 99.7 | 124 | 91.5 | 91.8 | 206 | 183 |
| China | 408 | 302 | 183 | 231 | 270 | 169 | 84.3 | 288 | 267 | 164 |
| Russia | 137 | 122 | 133 | 144 | 180 | 154 | 119 | 259 | 221 | 116 |
| Malaysia | 0.4 | 10.1 | 40.9 | 69.0 | 96.9 | 89.3 | 59.9 | 82.3 | 169 | 104 |
| Iceland | 18.7 | 21.6 | 23.7 | 23.4 | 26.7 | 27.0 | 12.3 | 28.1 | 89.4 | 63.6 |
| Kazakhstan | N/A | 0.1 | 0.1 | N/A | N/A | 0.9 | 6.1 | 16.1 | 22.4 | 23.7 |
| Norway | 15.4 | 24.3 | 19.1 | 18.2 | 13.4 | 11.5 | 16.1 | 15.6 | 15.9 | 5.6 |
| Others | 37.7 | 26.0 | 19.5 | 25.7 | 26.5 | 19.7 | 22.7 | 32.2 | 27.6 | 22.4 |
| Total | 746 | 615 | 501 | 599 | 714 | 594 | 412 | 813 | 1,017 | 682 |
Imports by Country
China (105K tons), Russia (78K tons) and Malaysia (69K tons) were the main suppliers of ferro-silicon imports to Japan, together comprising 69% of total imports. Brazil, Iceland, Kazakhstan and Norway lagged somewhat behind, together comprising a further 27%.
From 2014 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of +109.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($183M), China ($164M) and Russia ($116M) were the largest ferro-silicon suppliers to Japan, with a combined 68% share of total imports. Malaysia, Iceland, Kazakhstan and Norway lagged somewhat behind, together accounting for a further 29%.
In terms of the main suppliers, Kazakhstan, with a CAGR of +112.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2024, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon (339K tons) was the main type of ferro-silicon supplied to Japan, with a 97% share of total imports. It was followed by ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon (11K tons), with a 3% share of total imports.
From 2014 to 2024, the average annual growth rate of the volume of ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon imports totaled -3.6%.
In value terms, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon ($571M) constituted the largest type of ferro-silicon supplied to Japan, comprising 97% of total imports. The second position in the ranking was held by ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon ($18M), with a 3% share of total imports.
Import Prices by Country
In 2023, the ferro-silicon price stood at $1,879 per ton (CIF, Japan), falling by -21.1% against the previous year. Over the period under review, import price indicated measured growth from 2014 to 2023: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-silicon import price increased by +53.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the peak figure at $2,383 per ton in 2022, and then plummeted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($3,065 per ton), while the price for Kazakhstan ($1,473 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Iceland (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the ferro-silicon market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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:
- 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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
