Report Update Nov 1, 2024

Greece - Ferro-Silicon - Market Analysis, Forecast, Size, Trends and Insights

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Greece: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Greece

In 2022, the Greek ferro-silicon market increased by 37% to $X, rising for the second consecutive year after three years of decline. In general, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Ferro-Silicon Exports

Exports from Greece

After three years of growth, overseas shipments of ferro-silicon decreased by -99.8% to X kg in 2022. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 13%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X kg) was the main destination for ferro-silicon exports from Greece, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cyprus amounted to -10.8%.

In value terms, Cyprus ($X) emerged as the key foreign market for ferro-silicon exports from Greece.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled -14.1%.

Export Prices by Country

In 2022, the average ferro-silicon export price amounted to $X per ton, increasing by 180% against the previous year. Over the period under review, the export price saw prominent growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cyprus.

From 2012 to 2022, the rate of growth in terms of prices for Cyprus amounted to -3.7% per year.

Ferro-Silicon Imports

Imports into Greece

In 2022, purchases abroad of ferro-silicon increased by 34% to X tons, rising for the second year in a row after three years of decline. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 94%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-silicon imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 251%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of ferro-silicon imports to Greece, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +158.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon suppliers to Greece were Italy ($X), China ($X) and Poland ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +161.5%, saw 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

The average ferro-silicon import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price 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, ferro-silicon import price increased by +100.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 81%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ferro-silicon in the world?

China constituted the country with the largest volume of ferro-silicon consumption, accounting for 42% of total volume. Moreover, ferro-silicon consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sixfold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the largest producers of ferro-silicon in the world?

The country with the largest volume of ferro-silicon production was China, comprising approx. 53% of total volume. Moreover, ferro-silicon production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by the United States, with a 4.5% share.

What are the leading suppliers of ferro-silicon to Greece?

In value terms, Italy, Ukraine and Kazakhstan constituted the largest ferro-silicon suppliers to Greece, with a combined 87% share of total imports.

What are the leading importers of ferro-silicon from Greece?

In value terms, the Netherlands remains the key foreign market for ferro-silicon exports from Greece.

What is the average export price for ferro-silicon in Greece?

In 2021, the average ferro-silicon export price amounted to $1,065 per ton, shrinking by -15.9% against the previous year.

What is the average import price for ferro-silicon in Greece?

The average ferro-silicon import price stood at $1,827 per ton in 2021, increasing by 58% against the previous year.

This report provides an in-depth analysis of the ferro-silicon market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101230 - Ferro-silicon
Prodcom 24101235 -
Prodcom 24101236 -
Prodcom 24101239 -

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023