Europe: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Europe

In 2022, the Europe ferro-silicon market increased by 66% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Silicon Production in Europe

In value terms, ferro-silicon production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ferro-Silicon Exports

Exports in Europe

In 2022, ferro-silicon exports in Europe shrank significantly to X tons, reducing by -30.7% on the previous year. In general, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ferro-silicon exports expanded remarkably to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 83%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Norway (X tons), distantly followed by the Netherlands (X tons), Iceland (X tons), Germany (X tons), Poland (X tons), France (X tons), Italy (X tons) and Russia (X tons) represented the main exporters of ferro-silicon, together creating 85% of total exports. Belgium (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Iceland ($X) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of total exports. Germany, Poland, Italy, France, Russia and Belgium lagged somewhat behind, together comprising a further 31%.

Among the main exporting countries, Italy, with a CAGR of +27.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, picking up by 56% against the previous year. Over the period under review, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+9.9%), while the other leaders experienced more modest paces of growth.

Ferro-Silicon Imports

Imports in Europe

In 2022, supplies from abroad of ferro-silicon increased by 40% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +112.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, ferro-silicon imports soared to $X in 2022. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 79% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), Finland (X tons), Belgium (X tons), Spain (X tons), Austria (X tons) and Poland (X tons) represented the major importers of ferro-silicon, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 55% of total imports.

Among the main importing countries, Italy, with a CAGR of +11.5%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, increasing by 6.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform