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U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Jul 13, 2024

U.S. Imports of Ferro-Alloys Drop 42% to $2.9 Billion in 2023

U.S. Ferro-Alloys Imports

After two years of growth, purchases abroad of ferro-alloys decreased by -33.7% to 1.3M tons in 2023. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. As a result, imports reached the peak of 2M tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports reduced markedly to $2.9B (IndexBox estimates) in 2023. In general, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 83%. Imports peaked at $5.1B in 2022, and then contracted significantly in the following year.U.S. Ferro-Alloys Imports By Country (Million USD)

COUNTRYImport Value of Ferro-Alloys in U.S. (million USD)
20132014201520162017201820192020202120222023
Brazil264373279303285335317268332410339
South Africa566808435351668552400264421503315
Canada162172156133168237220130164314287
Kazakhstan15718959.785.5219225166125251560280
Chile92.411713.328.845.814610082.0239234227
MalaysiaN/AN/A3.33.937.014211957.8139308202
Russia225249241110284338200189455608202
Norway11713198.787.914316215992.3182216127
Australia10812397.383.4168208170100177279107
Others8691,1708986771,0791,3418514658831,619835
Total2,5613,3322,2811,8643,0983,6862,7041,7733,2435,0512,920

Imports by Country

South Africa (259K tons), Malaysia (159K tons) and Australia (93K tons) were the main suppliers of ferro-alloys imports to the United States, with a combined 41% share of total imports.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +74.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($339M), South Africa ($315M) and Canada ($287M) constituted the largest ferro-alloys suppliers to the United States, together comprising 32% of total imports. Kazakhstan, Chile, Malaysia, Russia, Norway and Australia lagged somewhat behind, together accounting for a further 39%.

Malaysia, with a CAGR of +67.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

Ferro-chromium (338K tons), ferro-manganese (319K tons) and ferro-silico-manganese (281K tons) were the main products of ferro-alloys imports to the United States, with a combined 75% share of total imports. Ferro-silicon, miscellaneous ferro-alloys, ferro-molybdenum and ferro-titanium and ferro-silico-titanium lagged somewhat behind, together comprising a further 25%.

From 2013 to 2023, the biggest increases were recorded for ferro-titanium and ferro-silico-titanium (with a CAGR of +7.4%), while purchases for the other products experienced mixed trend patterns.

In value terms, ferro-chromium ($696M), miscellaneous ferro-alloys ($576M) and ferro-silicon ($524M) appeared to be the most imported types of ferro-alloys in the United States, together accounting for 62% of total imports. Ferro-manganese, ferro-silico-manganese, ferro-molybdenum and ferro-titanium and ferro-silico-titanium lagged somewhat behind, together comprising a further 38%.

Import Prices by Country

In 2023, the ferro-alloys price amounted to $2,332 per ton (CIF, US), reducing by -12.9% against the previous year. Overall, import price indicated moderate growth from 2013 to 2023: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-alloys import price increased by +60.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure at $2,753 per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($6,482 per ton), while the price for Australia ($1,144 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+9.7%), 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-alloys market in the U.S.. 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:

    • United States

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in the U.S.
    • 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 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2024
      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 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption In 2012-2024
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country Of Origin, 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 Of Destination, 2012–2024

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
      5. Trade Balance, In Physical Terms, 2012-2024
      6. Trade Balance, In Value Terms, 2012-2024
      7. Per Capita Consumption, 2012-2024
      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, 2012–2024
      22. Production, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, 2012–2024
      24. Imports, In Value Terms, 2012–2024
      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 Of Origin, 2012–2024
      29. Exports, In Physical Terms, 2012–2024
      30. Exports, In Value Terms, 2012–2024
      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 Of Destination, 2012–2024

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