Belgium: Ferro-Silico-Manganese Market 2025

Ferro-Silico-Manganese Market Size in Belgium

The Belgian ferro-silico-manganese market dropped sharply to $X in 2022, with a decrease of -16.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. Ferro-silico-manganese consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ferro-Silico-Manganese Exports

Exports from Belgium

In 2022, overseas shipments of ferro-silico-manganese decreased by -10.2% to X tons, falling for the second year in a row after two years of decline. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 331%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ferro-silico-manganese exports reduced modestly to $X in 2022. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of 559% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for ferro-silico-manganese exports from Belgium, with a 58% share of total exports. Moreover, ferro-silico-manganese exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.2% per year) and Slovakia (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for ferro-silico-manganese exports from Belgium, comprising 64% of total exports. The second position in the ranking was held by Austria ($X), with a 21% share of total exports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-0.8% per year) and France (-40.3% per year).

Export Prices by Country

The average ferro-silico-manganese export price stood at $X per ton in 2022, rising by 7.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into Belgium

In 2022, approx. X tons of ferro-silico-manganese were imported into Belgium; dropping by -22.9% compared with the year before. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports reduced to $X in 2022. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 78%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of ferro-silico-manganese imports to Belgium, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +3.3%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of ferro-silico-manganese to Belgium, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 27% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.6% per year) and Italy (+0.9% per year).

Import Prices by Country

In 2022, the average ferro-silico-manganese import price amounted to $X per ton, growing by 17% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 56%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Italy ($X per ton), while the price for Luxembourg ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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