EU: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in the EU

The EU ferro-cerium and pyrophoric alloys market shrank to $X in 2021, with a decrease of -2.5% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in the EU

In value terms, ferro-cerium and pyrophoric alloys production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in the EU

In 2021, exports of ferro-cerium and pyrophoric alloys in the European Union was estimated at X tons, growing by 15% against 2020. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of 15%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), the Netherlands (X tons) and Ireland (X tons) was the largest exporter of ferro-cerium and pyrophoric alloys in the European Union, making up 73% of total export. It was distantly followed by Croatia (X tons), constituting a 7.3% share of total exports. The Czech Republic (X tons), Denmark (X tons) and Austria (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Croatia (with a CAGR of +45.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Ireland ($X), together accounting for 67% of total exports. Croatia, Austria, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

Croatia, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, rising by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2013 when the export price increased by 9% against the previous year. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+3.3%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in the EU

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of ferro-cerium and pyrophoric alloys, namely Italy, France, Germany, Spain, Portugal, the Netherlands, Austria, Greece, Denmark, Romania, Belgium and Hungary, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in the European Union were Italy ($X), France ($X) and Germany ($X), with a combined 50% share of total imports. These countries were followed by Spain, the Netherlands, Portugal, Austria, Greece, Denmark, Romania, Belgium and Hungary, which together accounted for a further 33%.

Among the main importing countries, Romania, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, approximately mirroring the previous year. Overall, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2017 an increase of 8% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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