India: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in India

In 2021, after nine years of growth, there was decline in the Indian ferro-cerium and pyrophoric alloys market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in India

In value terms, ferro-cerium and pyrophoric alloys production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from India

Ferro-cerium and pyrophoric alloys exports from India shrank to X tons in 2021, dropping by -6.7% on the year before. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 59%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports declined to $X in 2021. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 49%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from India, together comprising 44% of total exports. These countries were followed by Estonia, Israel, Egypt, Maldives, Saudi Arabia, Italy, Kuwait, Bangladesh, Greece and Nepal, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +175.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from India were Qatar ($X), the United States ($X) and Estonia ($X), with a combined 39% share of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of +167.3%, 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

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into India

In 2021, ferro-cerium and pyrophoric alloys imports into India declined to X tons, waning by -4.1% on the year before. Over the period under review, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 413% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 287% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to India, accounting for a 79% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa amounted to +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.5% per year) and the United Arab Emirates (-8.5% per year).

In value terms, South Africa ($X), China ($X) and Hong Kong SAR ($X) were the largest ferro-cerium and pyrophoric alloys suppliers to India, with a combined 90% share of total imports.

China, with a CAGR of +73.6%, saw the highest growth rate of 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 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, rising by 34% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price increased by +123.0% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 38%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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