Poland: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Poland

In 2022, the Polish ferro-silicon market increased by 168% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Silicon Production in Poland

In value terms, ferro-silicon production declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Ferro-silicon production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ferro-Silicon Exports

Exports from Poland

Ferro-silicon exports from Poland shrank remarkably to X tons in 2022, declining by -24.8% on the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, ferro-silicon exports soared to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 114%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and Austria (X tons) were the main destinations of ferro-silicon exports from Poland, together accounting for 74% of total exports. Belgium, the Czech Republic, the Netherlands, Luxembourg, Latvia, the UK, Greece, Sweden, Slovakia and Slovenia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +1,575.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-silicon exported from Poland were Italy ($X), Germany ($X) and Austria ($X), with a combined 78% share of total exports. Belgium, Latvia, the UK, the Czech Republic, Luxembourg, Sweden, Slovakia, Greece, the Netherlands and Slovenia lagged somewhat behind, together comprising a further 19%.

Latvia, with a CAGR of +1,390.5%, 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, picking up by 56% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Poland

In 2022, purchases abroad of ferro-silicon increased by 55% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-silicon imports surged to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ukraine (X tons), Sweden (X tons) and Norway (X tons) were the main suppliers of ferro-silicon imports to Poland, with a combined 51% share of total imports. Slovakia, France, Kazakhstan, Germany, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +56.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon suppliers to Poland were Ukraine ($X), Sweden ($X) and Slovakia ($X), together comprising 50% of total imports. Norway, France, Germany, Kazakhstan, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Kazakhstan, with a CAGR of +58.8%, saw 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 average ferro-silicon import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. The import price peaked 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 France ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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