Sweden: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Sweden

In 2022, the Swedish ferro-silicon market increased by 86% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Silicon Exports

Exports from Sweden

In 2022, ferro-silicon exports from Sweden dropped remarkably to X tons, which is down by -21.9% against the year before. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports skyrocketed to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +96.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and Finland (X tons) were the main destinations of ferro-silicon exports from Sweden, with a combined 94% share of total exports. The Netherlands, France and Belgium lagged somewhat behind, together accounting for a further 5.2%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +36.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for ferro-silicon exports from Sweden, comprising 56% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.6% per year) and Finland (+3.1% per year).

Export Prices by Country

The average ferro-silicon export price stood at $X per ton in 2022, growing by 60% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +92.7% against 2019 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Sweden

In 2022, overseas purchases of ferro-silicon increased by 45% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, ferro-silicon imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +115.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of ferro-silicon to Sweden, accounting for a 64% share of total imports. Moreover, ferro-silicon imports from Norway exceeded the figures recorded by the second-largest supplier, Latvia (X tons), eightfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+3.1% per year) and the Netherlands (+58.2% per year).

In value terms, Norway ($X) constituted the largest supplier of ferro-silicon to Sweden, comprising 66% of total imports. The second position in the ranking was held by Latvia ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Norway totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+3.3% per year) and the Netherlands (+46.5% per year).

Import Prices by Country

In 2022, the average ferro-silicon import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Latvia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :