China - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-silicon Export in China Surges to $60M in March 2023
China Ferrosilicon Exports
In March 2023, approximately 37K tons of ferro-silicon were exported from China; with an increase of 51% compared with the previous month's figure. Over the period under review, exports, however, recorded a abrupt slump.
In value terms, ferro-silicon exports soared to $60M (IndexBox estimates) in March 2023. In general, exports, however, saw a abrupt decline.
| COUNTRY | Export Value of Ferrosilicon in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| South Korea | 35.3 | 25.2 | 37.1 | 30.9 | 33.4 | 19.7 | 15.5 | 16.8 | 12.3 | 17.9 | 12.9 | 11.2 | 15.7 |
| Japan | 18.8 | 29.6 | 43.6 | 20.2 | 31.9 | 18.4 | 16.8 | 12.8 | 14.7 | 15.8 | 13.1 | 10.5 | 13.4 |
| Mexico | 7.0 | 4.5 | 5.9 | 5.9 | 6.0 | 3.7 | 3.6 | 5.3 | 4.8 | 3.8 | 5.6 | 4.8 | 3.3 |
| Thailand | 3.0 | 4.9 | 4.1 | 2.9 | 3.0 | 2.0 | 2.0 | 2.7 | 1.5 | 1.9 | 3.2 | 2.4 | 3.1 |
| Vietnam | 6.8 | 4.6 | 1.3 | 3.9 | 2.5 | 1.4 | 3.7 | 1.8 | 1.6 | 1.2 | 0.7 | 1.0 | 2.5 |
| Indonesia | 13.9 | 5.0 | 0.7 | 17.5 | 10.2 | 7.6 | 3.6 | 1.6 | 1.2 | 1.4 | 38.0 | 1.7 | 2.1 |
| India | 7.9 | 10.0 | 2.4 | 3.1 | 6.7 | 6.3 | 12.5 | 6.7 | 7.2 | 2.4 | 1.1 | 0.8 | 2.1 |
| Turkey | 7.6 | 19.3 | 20.5 | 5.9 | 0.8 | 0.8 | 3.5 | 3.6 | 2.9 | 2.7 | 2.0 | 1.1 | 1.7 |
| Saudi Arabia | 0.2 | 0.5 | 0.8 | 0.4 | 0.7 | 0.2 | 0.8 | 1.0 | 0.3 | 0.2 | 0.6 | 0.1 | 1.5 |
| United Arab Emirates | 2.6 | 0.3 | 0.9 | 0.2 | 0.6 | 1.1 | 0.6 | 0.9 | N/A | 0.4 | N/A | N/A | 1.5 |
| Canada | 0.6 | 1.0 | 1.6 | 1.4 | 0.4 | 0.4 | N/A | 0.7 | 0.3 | 1.1 | 1.9 | 0.7 | 1.3 |
| Chile | 2.4 | 0.2 | 1.3 | 0.9 | 0.1 | 0.9 | 0.5 | N/A | 0.6 | 0.8 | 0.7 | 0.7 | 1.2 |
| United Kingdom | 2.7 | 0.1 | 1.7 | N/A | 0.5 | 0.1 | N/A | N/A | N/A | 0.1 | 2.1 | N/A | 1.0 |
| Others | 28.1 | 40.3 | 53.6 | 29.9 | 22.4 | 16.4 | 9.5 | 8.8 | 8.7 | 11.6 | 9.1 | 5.4 | 9.5 |
| Total | 137 | 146 | 175 | 123 | 119 | 78.8 | 72.6 | 62.9 | 56.4 | 61.3 | 90.9 | 40.2 | 59.9 |
Exports by Country
South Korea (9.3K tons), Japan (8.1K tons) and Thailand (2K tons) were the main destinations of ferro-silicon exports from China, with a combined 53% share of total exports. Mexico, Vietnam, India, Indonesia, Turkey, Saudi Arabia, the United Arab Emirates, Canada, Chile and the UK lagged somewhat behind, together comprising a further 31%.
From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +18.2%), while the other leaders experienced more modest paces of growth.
In value terms, South Korea ($16M), Japan ($13M) and Mexico ($3.3M) constituted the largest markets for ferro-silicon exported from China worldwide, together accounting for 54% of total exports. Thailand, Vietnam, Indonesia, India, Turkey, Saudi Arabia, the United Arab Emirates, Canada, Chile and the UK lagged somewhat behind, together comprising a further 30%.
In terms of the main countries of destination, Saudi Arabia, with a CAGR of +17.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon (35K tons) was the largest type of ferro-silicon exported from China, accounting for a 94% share of total exports. Moreover, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon exceeded the volume of the second product type, ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon (2.2K tons), more than tenfold.
From March 2022 to March 2023, the average monthly growth rate of the volume of export of ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon amounted to -6.1%.
In value terms, ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon ($56M) remains the largest type of ferro-silicon exported from China, comprising 93% of total exports. The second position in the ranking was held by ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon ($4M), with a 6.6% share of total exports.
From March 2022 to March 2023, the average monthly rate of growth in terms of the export volume of ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon stood at -6.9%.
Export Prices by Country
In March 2023, the ferrosilicon price amounted to $1,627 per ton (FOB, China), leveling off at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 15% m-o-m. As a result, the export price attained the peak level of $2,237 per ton. From June 2022 to March 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In March 2023, the highest price was recorded for prices to Mexico ($1,765 per ton) and the United Arab Emirates ($1,722 per ton), while the average price for exports to India ($1,343 per ton) and Turkey ($1,384 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the ferro-silicon 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:
- Prodcom 24101230 - Ferro-silicon
- Prodcom 24101235 -
- Prodcom 24101236 -
- Prodcom 24101239 -
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
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.
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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
