Spain - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSpain'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.
| COUNTRY | Import Value of Ferro-Silicon in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Norway | 19.8 | 16.2 | 2.5 | 10.5 | 6.4 | 12.1 | 15.7 | 23.4 | 32.7 | 36.0 | 25.8 |
| France | 14.6 | 13.4 | 13.9 | 10.1 | 8.7 | 11.8 | 11.9 | 9.0 | 6.5 | 8.4 | 14.2 |
| South Africa | 1.0 | 1.7 | 3.7 | 2.8 | 2.0 | 3.3 | 1.9 | 1.8 | 1.5 | 3.2 | 10.3 |
| Germany | 4.7 | 4.0 | 4.2 | 4.8 | 4.2 | 4.0 | 3.7 | 3.7 | 6.2 | 15.7 | 9.9 |
| Brazil | 3.3 | 2.4 | 0.4 | 0.6 | 0.2 | 1.0 | 0.5 | 2.1 | 2.4 | 4.0 | 6.0 |
| Iceland | 0.9 | 0.7 | 1.0 | 1.2 | 1.1 | 4.7 | N/A | 1.0 | 2.4 | 6.6 | 5.2 |
| Kazakhstan | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 | 0.2 | N/A | 2.1 | 5.0 |
| Netherlands | 4.5 | 9.2 | 6.7 | 10.7 | 16.3 | 22.1 | 19.9 | 14.0 | 19.3 | 0.6 | 0.6 |
| Others | 4.7 | 3.5 | 8.8 | 5.2 | 11.9 | 19.2 | 10.4 | 4.8 | 10.8 | 15.2 | 9.8 |
| Total | 53.5 | 51.1 | 41.1 | 46.0 | 50.9 | 78.1 | 64.2 | 59.8 | 81.8 | 91.8 | 86.8 |
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.
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:
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
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
-
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
-
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
