China - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Decline in Imports of Ferro-alloys Recorded in June 2023, Reaching $1.4B in China
China FerroAlloys Imports
In June 2023, imports of ferro-alloys into China shrank markedly to 756K tons, waning by -16.7% against May 2023. The total import volume increased at an average monthly rate of +2.2% over the period from June 2022 to June 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in April 2023 with an increase of 29% m-o-m. As a result, imports reached the peak of 1.1M tons. From May 2023 to June 2023, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys imports fell sharply to $1.4B (IndexBox estimates) in June 2023. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in February 2023 with an increase of 17% against the previous month. 
FerroAlloys Imports By Country (Million USD)">
| COUNTRY | Import Value of FerroAlloys in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Indonesia | 1,210 | 929 | 1,308 | 1,272 | 1,038 | 1,217 | 1,263 | 1,081 | 1,107 | 1,094 | 1,318 | 1,188 | 1,037 |
| Brazil | 109 | 109 | 161 | 90.8 | 108 | 111 | 160 | 126 | 178 | 141 | 166 | 125 | 119 |
| Kazakhstan | 56.8 | 128 | 64.1 | 46.1 | 96.7 | 101 | 55.5 | 75.0 | 123 | 70.3 | 93.5 | 53.8 | 56.4 |
| South Africa | 63.2 | 221 | 174 | 174 | 136 | 99.3 | 44.0 | 127 | 166 | 223 | 336 | 156 | 49.8 |
| India | 35.0 | 73.7 | 56.3 | 26.6 | 13.2 | 37.8 | 34.2 | 39.4 | 41.9 | 48.6 | 44.5 | 35.6 | 43.6 |
| New Caledonia | 109 | 108 | 93.6 | 59.6 | 83.1 | 79.2 | 63.3 | 67.4 | 70.2 | 53.5 | 73.1 | 36.0 | 34.7 |
| Zimbabwe | 34.4 | 52.0 | 5.0 | 29.7 | 37.0 | 29.6 | 7.3 | 16.4 | 3.6 | 29.0 | 29.2 | 24.2 | 18.3 |
| Others | 47.6 | 79.4 | 121 | 116 | 178 | 174 | 225 | 134 | 262 | 266 | 105 | 118 | 85.3 |
| Total | 1,665 | 1,701 | 1,983 | 1,814 | 1,690 | 1,849 | 1,852 | 1,666 | 1,951 | 1,924 | 2,166 | 1,738 | 1,444 |
Imports by Country
In June 2023, Indonesia (583K tons) constituted the largest ferro-alloys supplier to China, accounting for a 77% share of total imports. Moreover, ferro-alloys imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (45K tons), more than tenfold. Kazakhstan (37K tons) ranked third in terms of total imports with a 4.8% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from Indonesia amounted to +2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Africa (-0.9% per month) and Kazakhstan (+1.0% per month).
In value terms, Indonesia ($1B) constituted the largest supplier of ferro-alloys to China, comprising 72% of total imports. The second position in the ranking was taken by Brazil ($119M), with an 8.3% share of total imports. It was followed by Kazakhstan, with a 3.9% share.
From June 2022 to June 2023, the average monthly growth rate of value from Indonesia amounted to -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Brazil (+0.8% per month) and Kazakhstan (-0.1% per month).
Imports by Type
In June 2023, miscellaneous ferro-alloys (619K tons) constituted the largest type of ferro-alloys supplied to China, with a 82% share of total imports. Moreover, miscellaneous ferro-alloys exceeded the figures recorded for the second-largest type, ferro-chromium (132K tons), fivefold. Ferro-silicon (3.6K tons) ranked third in terms of total imports with a 0.5% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of miscellaneous ferro-alloys stood at +2.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: ferro-chromium (+0.1% per month) and ferro-silicon (+8.5% per month).
In value terms, miscellaneous ferro-alloys ($1.3B) constituted the largest type of ferro-alloys supplied to China, comprising 87% of total imports. The second position in the ranking was taken by ferro-chromium ($173M), with a 12% share of total imports. It was followed by ferro-molybdenum, with a 1% share.
Import Prices by Country
In June 2023, the ferroalloys price amounted to $1,910 per ton (CIF, China), approximately equating the previous month. Over the period under review, the import price saw a perceptible slump. The growth pace was the most rapid in December 2022 when the average import price increased by 13% m-o-m. The import price peaked at $2,873 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($13,690 per ton), while the price for South Africa ($1,120 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.1%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the ferro-alloys market in China. 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:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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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
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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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
