
World - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
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Global Trade in Ferroalloys to Grow by 35% to $28B This Year
IndexBox has just published a new report: 'World - Ferro-Alloys - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year's figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
Ferro-Alloy Imports by Country
From January to September 2021, global ferroalloy imports reached $11.8B, rising by +36% compared to the same period last year. In physical terms, the volume of supplies (5.8M tonnes) remained nearly unchanged.
In 2020, overseas purchases amounted to 14M tonnes, falling for the second consecutive year after three years of growth. In value terms, ferroalloy imports were estimated at $20.5B (IndexBox estimates).
China ($5.9B) constitutes the largest importer of ferroalloys worldwide, comprising 29% of the total value. The second position in the ranking was occupied by Japan ($1.7B), with an 8.2% share of global imports. It was followed by the U.S., with a 6.3% share.
In physical terms, China (3.8M tonnes) represented the primary importer of ferroalloys, creating 28% of the total volume. Japan (1,200K tonnes) occupied the second position in the ranking, followed by Indonesia (905K tonnes), the U.S. (805K tonnes), South Korea (785K tonnes) and Germany (747K tonnes). All these countries together occupied near 32% share of total imports. The following importers - Italy (595K tonnes), the Netherlands (496K tonnes), Taiwan (Chinese) (474K tonnes), Turkey (467K tonnes), Belgium (336K tonnes), Spain (276K tonnes) and India (258K tonnes) - together made up 21% of total imports.
The average ferroalloy import price in September 2021 was $2.5 per kg, increasing significantly by +56% compared to those of the same period in 2020. Last year, India ($1.9 per kg) had the highest average import price, while Indonesia's price ($1.0 per kg) was amongst the lowest.
Source: IndexBox Platform
This report provides an in-depth analysis of the global ferro-alloys market. 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.
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