Report Update Feb 1, 2025

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

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Vietnam: Ferro-Silicon Market 2025

Ferro-Silicon Market Size in Vietnam

The Vietnamese ferro-silicon market dropped dramatically to $X in 2022, waning by -20.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a resilient increase. Ferro-silicon consumption peaked at $X in 2021, and then dropped markedly in the following year.

Ferro-Silicon Exports

Exports from Vietnam

In 2022, overseas shipments of ferro-silicon decreased by -16.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 802% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ferro-silicon exports dropped notably to $X in 2022. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2020 when exports increased by 773% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for ferro-silicon exports from Vietnam, with a 100% share of total exports. It was followed by Thailand (X kg), with less than 0.1% share of total exports. Taiwan (Chinese) (X kg) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-55.3% per year) and Taiwan (Chinese) (-65.0% per year).

In value terms, Japan ($X) emerged as the key foreign market for ferro-silicon exports from Vietnam, comprising 100% of total exports. The second position in the ranking was taken by Thailand ($X), with less than 0.1% share of total exports. It was followed by Taiwan (Chinese), with less than 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-54.3% per year) and Taiwan (Chinese) (-62.9% per year).

Export Prices by Country

The average ferro-silicon export price stood at $X per ton in 2022, falling by -9.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 Taiwan (Chinese) (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Vietnam

In 2022, purchases abroad of ferro-silicon decreased by -13% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 164%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-silicon imports declined markedly to $X in 2022. Overall, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 155%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Russia (X tons) were the main suppliers of ferro-silicon imports to Vietnam, with a combined 95% 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 Russia (with a CAGR of +123.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Malaysia ($X) and Russia ($X) constituted the largest ferro-silicon suppliers to Vietnam, together accounting for 94% of total imports.

Among the main suppliers, Russia, with a CAGR of +106.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average ferro-silicon import price amounted to $X per ton, reducing by -14.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the average import price increased by 51%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia ($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 (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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 United States ranked third in terms of total consumption 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 United States ranked third in terms of total production with a 4.5% share.

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

In value terms, China constituted the largest supplier of ferro-silicon to Vietnam.

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

In value terms, Japan remains the key foreign market for ferro-silicon exports from Vietnam, comprising 46% of total exports. The second position in the ranking was occupied by South Korea, with an 18% share of total exports. It was followed by the Netherlands, with a 12% share.

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

The average ferro-silicon export price stood at $1,296 per ton in 2021, remaining stable against the previous year.

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

In 2021, the average ferro-silicon import price amounted to $1,220 per ton, picking up by 5.2% against the previous year.

This report provides an in-depth analysis of the ferro-silicon market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024