Eastern Europe: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Eastern Europe

The East European ferro-silicon market soared to $X in 2022, with an increase of 73% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ferro-Silicon Production in Eastern Europe

In value terms, ferro-silicon production contracted to $X in 2022 estimated in export price. In general, production saw a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ferro-Silicon Exports

Exports in Eastern Europe

In 2022, approx. X tons of ferro-silicon were exported in Eastern Europe; with a decrease of -70.7% on 2021 figures. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ferro-silicon exports contracted notably to $X in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 139%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Poland (X tons) and Russia (X tons) represented the key exporters of ferro-silicon in 2022, amounting to near 38% and 26% of total exports, respectively. Slovakia (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (8.8%) and the Czech Republic (7.5%). The following exporters - Latvia (X tons) and Bulgaria (X tons) - together made up 5.7% of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the largest ferro-silicon supplier in Eastern Europe, comprising 45% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports. It was followed by Slovakia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-17.1% per year) and Slovakia (+4.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 24% against the previous year. In general, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 83% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+10.1%), while the other leaders experienced more modest paces of growth.

Ferro-Silicon Imports

Imports in Eastern Europe

In 2022, purchases abroad of ferro-silicon increased by 14% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, ferro-silicon imports soared to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +140.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) represented the key importer of ferro-silicon, comprising 48% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a 26% share, followed by Bulgaria (6.5%) and Slovakia (5.1%). The following importers - Hungary (X tons), Latvia (X tons) and Romania (X tons) - together made up 11% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported ferro-silicon in Eastern Europe, comprising 50% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports. It was followed by Slovakia, with an 8.5% share.

In Poland, ferro-silicon imports expanded at an average annual rate of +10.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+2.6% per year) and Slovakia (+5.3% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Latvia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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