Chile: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Chile

In 2021, the Chilean ferro-cerium and pyrophoric alloys market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a pronounced setback. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Chile

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a sharp slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Overall, exports, however, recorded a significant decline. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Chile, accounting for a 64% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to the United States exceeded the volume sent to the second major destination, Peru (X kg), twofold. Paraguay (X kg) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-38.4% per year) and Paraguay (-56.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Chile, comprising 77% of total exports. The second position in the ranking was taken by Peru ($X), with a 17% share of total exports. It was followed by Paraguay, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-42.7% per year) and Paraguay (-58.7% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, saw a slight descent. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Chile

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys increased by 64% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Chile, together accounting for 86% of total imports. These countries were followed by Greece, Turkey, China, Argentina, the Netherlands and South Korea, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +139.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Greece ($X) constituted the largest ferro-cerium and pyrophoric alloys suppliers to Chile, together comprising 84% of total imports.

Greece, with a CAGR of +206.0%, saw the highest growth rate of 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.

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, picking up by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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