Germany: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Germany

The German ferro-silicon market soared to $X in 2022, jumping by 61% 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 enjoyed prominent growth. Ferro-silicon consumption peaked in 2022 and is expected to retain growth in the immediate term.

Ferro-Silicon Exports

Exports from Germany

In 2022, overseas shipments of ferro-silicon increased by 9.6% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 17% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, ferro-silicon exports surged to $X in 2022. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), France (X tons) and Belgium (X tons) were the main destinations of ferro-silicon exports from Germany, with a combined 56% share of total exports. Spain, Luxembourg, the Czech Republic, Slovakia, Mexico, the Netherlands, Poland, Italy and Turkey lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +65.1%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), France ($X) and Belgium ($X) constituted the largest markets for ferro-silicon exported from Germany worldwide, together accounting for 53% of total exports. The Czech Republic, Spain, Slovakia, Mexico, Luxembourg, Turkey, Italy, Poland and the Netherlands lagged somewhat behind, together accounting for a further 38%.

Mexico, with a CAGR of +65.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-silicon export price amounted to $X per ton, with an increase of 58% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silicon export price increased by +126.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Netherlands ($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 Turkey (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Germany

In 2022, the amount of ferro-silicon imported into Germany skyrocketed to X tons, picking up by 51% compared with 2021 figures. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 67%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ferro-silicon imports surged to $X in 2022. In general, imports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Norway (X tons), France (X tons) and Iceland (X tons) were the main suppliers of ferro-silicon imports to Germany, together accounting for 47% of total imports. Kazakhstan, Poland, Italy, the Netherlands, the Czech Republic and Spain lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +158.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iceland ($X), France ($X) and Norway ($X) appeared to be the largest ferro-silicon suppliers to Germany, together accounting for 48% of total imports. Poland, Italy, the Netherlands, Kazakhstan, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

Kazakhstan, with a CAGR of +138.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average ferro-silicon import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :