United Kingdom: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in the UK

The UK ferro-alloys market surged to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ferro-Alloys Production in the UK

In value terms, ferro-alloys production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ferro-Alloys Exports

Exports from the UK

In 2022, ferro-alloys exports from the UK fell remarkably to X tons, declining by X% compared with 2021. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ferro-alloys exports surged to $X in 2022. Over the period under review, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and the United States (X tons) were the main destinations of ferro-alloys exports from the UK, together comprising X% of total exports. Japan, Spain, South Korea, Sweden, the Czech Republic, Brazil, Pakistan, Poland, Switzerland and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X) remains the key foreign market for ferro-alloys exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed a temperate increase. As a result, the export price attained 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 Spain ($X per ton), while the average price for exports to the Czech Republic ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into the UK

In 2022, after three years of decline, there was significant growth in overseas purchases of ferro-alloys, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-alloys imports surged to $X in 2022. Overall, imports saw a modest expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest ferro-alloys supplier to the UK, with a X% share of total imports. Moreover, ferro-alloys imports from Norway exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Sweden (X% per year).

In value terms, the largest ferro-alloys suppliers to the UK were Norway ($X), Brazil ($X) and Finland ($X), together comprising X% of total imports. Kazakhstan, France, Sweden, China, Germany, India, Turkey, Russia, Zimbabwe and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded 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-alloys import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price enjoyed a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while the price for Zimbabwe ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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