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U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Jan 19, 2024

November 2023 Witnesses a Sharp Decline in U.S. Imports of Ferro-alloys, Reaching a Mere $171M

U.S. Ferro-Alloys Imports

In November 2023, purchases abroad of ferro-alloys decreased by -35.6% to 83K tons for the first time since August 2023, thus ending a two-month rising trend. Overall, imports, however, saw slight growth. The most prominent rate of growth was recorded in December 2022 with an increase of 203% against the previous month. As a result, imports reached the peak of 208K tons. From January 2023 to November 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-alloys imports fell dramatically to $171M (IndexBox estimates) in November 2023. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in December 2022 with an increase of 93% month-to-month. As a result, imports attained the peak of $447M. From January 2023 to November 2023, the growth of imports failed to regain momentum.U.S. Ferro-Alloys Imports By Country (Million USD)

COUNTRYImport Value of Ferro-Alloys in U.S. (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
RussiaN/A46.3N/A71.412.184.53.6N/AN/A0.4N/AN/A29.4
Brazil25.837.026.429.248.124.640.927.625.627.324.225.417.0
Malaysia6.153.142.94.52.718.419.410.425.76.65.127.614.1
India4.653.414.42.28.76.85.211.89.510.05.615.013.5
South Africa1.478.672.73.956.49.431.04.231.52.744.16.39.7
Australia39.40.722.7N/A20.59.6N/A11.7N/A12.28.421.7N/A
Zimbabwe8.2N/AN/A11.911.2N/A23.7N/AN/AN/A6.8N/AN/A
Others14517788.613015322517212811213112114287.0
Total231447268253313379295194204190215238171

Imports by Country

Russia (19K tons), Malaysia (14K tons) and India (9.9K tons) were the main suppliers of ferro-alloys imports to the United States, together comprising 51% of total imports. These countries were followed by South Africa and Brazil, which together accounted for a further 15%.

From November 2022 to November 2023, the biggest increases were in South Africa (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-alloys suppliers to the United States were Russia ($29M), Brazil ($17M) and Malaysia ($14M), with a combined 35% share of total imports. India and South Africa lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, South Africa, with a CAGR of +17.6%, saw the highest growth rate of 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-silicon (28K tons), ferro-manganese (23K tons) and ferro-chromium (16K tons) were the main products of ferro-alloys imports to the United States, with a combined 80% share of total imports.

From November 2022 to November 2023, the biggest increases were in ferro-silicon (with a CAGR of +7.5%), while purchases for the other products experienced mixed trend patterns.

In value terms, the most traded types of ferro-alloys in the United States were ferro-silicon ($48M), miscellaneous ferro-alloys ($35M) and ferro-chromium ($34M), with a combined 68% share of total imports.

Import Prices by Country

In November 2023, the ferro-alloys price stood at $2,051 per ton (CIF, US), surging by 12% against the previous month. Overall, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in February 2023 an increase of 64% month-to-month. Over the period under review, average import prices attained the maximum at $3,359 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($6,338 per ton), while the price for Mexico ($1,014 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (+8.2%), while the prices for the other major suppliers experienced a decline.

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 2012–2023
      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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