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

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Sep 24, 2024

Spain's Ferro-Silicon Imports Fall to $87M in 2023

Spain Ferro-Silicon Imports

Ferro-silicon imports into Spain reached 62K tons in 2023, approximately equating the year before. The total import volume increased at an average annual rate of +1.1% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of 16%. Imports peaked at 65K tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-silicon imports reduced to $87M (IndexBox estimates) in 2023. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure at $92M in 2022, and then declined in the following year.Spain Ferro-Silicon Imports By Country (Million USD)

COUNTRYImport Value of Ferro-Silicon in Spain (million USD)
20132014201520162017201820192020202120222023
Norway19.816.22.510.56.412.115.723.432.736.025.8
France14.613.413.910.18.711.811.99.06.58.414.2
South Africa1.01.73.72.82.03.31.91.81.53.210.3
Germany4.74.04.24.84.24.03.73.76.215.79.9
Brazil3.32.40.40.60.21.00.52.12.44.06.0
Iceland0.90.71.01.21.14.7N/A1.02.46.65.2
KazakhstanN/AN/AN/AN/AN/AN/A0.10.2N/A2.15.0
Netherlands4.59.26.710.716.322.119.914.019.30.60.6
Others4.73.58.85.211.919.210.44.810.815.29.8
Total53.551.141.146.050.978.164.259.881.891.886.8

Imports by Country

France (15K tons), Norway (14K tons) and Germany (9.2K tons) were the main suppliers of ferro-silicon imports to Spain, with a combined 62% share of total imports. South Africa, Brazil, Kazakhstan, Iceland and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2013 to 2023, the biggest increases were recorded for Kazakhstan (with a CAGR of +126.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($26M), France ($14M) and South Africa ($10M) appeared to be the largest ferro-silicon suppliers to Spain, together comprising 58% of total imports. Germany, Brazil, Iceland, Kazakhstan and the Netherlands lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Kazakhstan, with a CAGR of +166.1%, saw 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

Ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon (37K tons) and ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon (26K tons) were the main products of ferro-silicon imports to Spain.

From 2013 to 2023, the biggest increases were recorded for ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon (with a CAGR of +6.2%).

In value terms, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon ($69M) constituted the largest type of ferro-silicon supplied to Spain, comprising 79% of total imports. The second position in the ranking was taken by ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon ($18M), with a 21% share of total imports.

Import Prices by Country

In 2023, the ferro-silicon price amounted to $1,399 per ton (CIF, Spain), waning by -6.5% against the previous year. Overall, import price indicated noticeable growth from 2013 to 2023: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-silicon import price increased by +11.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The import price peaked at $1,496 per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($2,427 per ton), while the price for France ($935 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Iceland (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • 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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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Free Data: Ferro-Silicon - Spain