Miscellaneous ferro-alloys market
Miscellaneous ferro-alloys market: read the most recent facts and figures secured by an Ai-driven business intelligence tool. Datasets include trade, consumption, imports, market size, exports, companies, market prices, and production. Here is a split by country, including EU, the Middle East, China, Africa, Latin America, the U.K., the U.S., and Russia. Market dynamics and outlook to 2030 are also provided in the snapshots.
Miscellaneous Ferro-alloys - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Japan |
In value terms, China led the market, alone. The second position in the ranking was occupied by Japan.
In China, the miscellaneous ferro-alloys market decreased by an average annual rate of -1.1% over the period from 2018-2020.
Miscellaneous Ferro-Alloys Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Indonesia | 2250 | 2595 | 1652 | -14.3% |
| Japan | 2078 | 1962 | 1927 | -3.7% |
| Ukraine | 2053 | 2258 | 2174 | 2.9% |
| China | 5267 | 3668 | 2427 | -32.1% |
| South Korea | 6008 | 4122 | 2587 | -34.4% |
| North Macedonia | 4220 | 2915 | 2929 | -16.7% |
| Colombia | 4238 | 3915 | 3490 | -9.3% |
| New Caledonia | 4367 | 3869 | 3737 | -7.5% |
| Myanmar | 4663 | n/a | 3971 | -7.7% |
| Guatemala | 6016 | 4765 | 4307 | -15.4% |
| Netherlands | 9441 | 6150 | 7126 | -13.1% |
| Brazil | 10207 | 10061 | 7601 | -13.7% |
| Average | 5482 | 4924 | 2689 | -30.0% |
Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($7,601 per ton), while Indonesia ($1,652 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Netherlands | 4774 | 2938 | 7988 | 29.4% |
| United States | 8131 | 7441 | 5299 | -19.3% |
| South Korea | 3878 | 3488 | 3879 | 0.0% |
| Belgium | 4717 | 3518 | 3197 | -17.7% |
| China | 3185 | 2767 | 2249 | -16.0% |
| Average | 4299 | 3445 | 2794 | -19.4% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the Netherlands ($7,988 per ton), while China ($2,249 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced mixed trends in the import price figures.
Miscellaneous Ferro-Alloys - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 3.3 | 5.5 | 7.8 | 53.9% |
| Netherlands | 0.1 | 0.2 | 0.6 | 131.2% |
| United States | 0.8 | 0.7 | 0.4 | -27.0% |
| South Korea | 0.6 | 0.6 | 0.4 | -19.8% |
| Belgium | 0.3 | 0.2 | 0.3 | -1.4% |
In value terms, China ($7.8B) constitutes the largest market for imported miscellaneous ferro-alloys worldwide, comprising 64% of global imports. The second position in the ranking was occupied by the Netherlands ($650M), with a 5.3% share of global imports. It was followed by the United States, with a 3.6% share.
From 2018 to 2020, the average annual rate of growth in terms of value in China totaled +53.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+131.2% per year) and the United States (-27.0% per year).
Miscellaneous Ferro-Alloys - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Indonesia | 0.3 | 0.3 | 4.7 | 322.9% |
| Brazil | 2.6 | 2.9 | 2.3 | -6.6% |
| New Caledonia | 1.1 | 0.9 | 0.9 | -11.7% |
| Netherlands | 0.1 | 0.08 | 0.6 | 113.1% |
| Colombia | 0.6 | 0.5 | 0.4 | -11.7% |
In value terms, Indonesia ($4.7B) emerged as the largest miscellaneous ferro-alloys supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Brazil ($2.3B), with a 19% share of global exports. It was followed by New Caledonia, with a 6.9% share.
In Indonesia, miscellaneous ferro-alloys exports expanded at an average annual rate of +322.9% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Brazil (-6.6% per year) and New Caledonia (-11.7% per year).
Miscellaneous Ferro-Alloys - Market Forecast
Driven by rising demand for miscellaneous ferro-alloys worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Miscellaneous Ferro-alloys - Product Coverage
- HS 720250 - Ferro-alloys; ferro-silico-chromium
- HS 720260 - Ferro-alloys; ferro-nickel
- HS 720280 - Ferro-alloys; ferro-tungsten and ferro-silico-tungsten
- HS 720292 - Ferro-alloys; ferro-vanadium
- HS 720293 - Ferro-alloys; ferro-niobium
- HS 720299 - Ferro-alloys; n.e.s. in heading no. 7202
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
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