Ferro Alloy Market - Global Exports of Ferro-Alloys on a Decline

Basic Iron And Steel November 11, 2016
Author: Maria Fadeeva
Market Analyst

ferro alloy market

Photo: © miraclemoments / Bigstockphoto

The global trade in ferro-alloys amounted to 20,009 million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for the remainder of the period under review, with the exception of a brief reversal in 2014. Overall, there was an annual decrease of approx. -4% from 2007 to 2015.

According to IndexBox estimates, South Africa continued to dominate in the global supplies of ferro-alloys. In 2015, South Africa's exports of ferro-alloys totaled 2,804 million USD, which accounted for a 14% share of global exports. Brazil, Kazakhstan, India, and Russia were the other key global suppliers of ferro-alloys in 2015, with a 31% combined share of global exports.

India (+6.0% per year) and Brazil (+5.6% per year) were the only key suppliers with a positive rate of growth on the global ferro alloy market from 2007 to 2015. Brazil increased its share of global exports of ferro-alloys by +6 percentage points.

On the other hand, China (20%, based on value terms), Japan (10%), USA (10%), Germany (7%), and Korea (6%) were the leading destinations of imports of ferro-alloys in 2015. Imports to China grew at a pace of +8.2% per year from 2007 to 2015, while the balance of key importers contracted their imports. China increased its share of global imports increased significantly, while the share of Germany illustrated negative dynamics.

Global Exports Of Ferro-Alloys, In Value Terms

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Source: World: Ferro Alloys - Market Report. Analysis And Forecast To 2020