Ferro-Alloys; Ferro-Nickel Price in Belgium - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Belgium (CIF) - 2023
- Ferro-Alloys; Ferro-Nickel Price in Belgium (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Imports in Belgium
- Ferro-Alloys; Ferro-Nickel Exports in Belgium
Ferro-Alloys; Ferro-Nickel Price in Belgium (CIF) - 2023
In June 2023, the average ferro-alloys; ferro-nickel import price amounted to $4,354 per ton, with a decrease of -7.5% against the previous month. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 41% month-to-month. Over the period under review, average import prices hit record highs at $7,848 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From June 2022 to June 2023, the rate of growth in terms of prices for Colombia amounted to -1.0% per month.
Ferro-Alloys; Ferro-Nickel Price in Belgium (FOB) - 2023
In May 2023, the average ferro-alloys; ferro-nickel export price amounted to $6,090 per ton, rising by 12% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 91% against the previous month. As a result, the export price reached the peak level of $13,441 per ton. From August 2022 to May 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Slovenia ($7,393 per ton), while the average price for exports to Luxembourg ($4,405 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Imports in Belgium
In 2022, after three years of growth, there was decline in supplies from abroad of ferro-alloys; ferro-nickels, when their volume decreased by -2.7% to 30K tons. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports attained the peak of 30K tons, and then dropped modestly in the following year.
In value terms, ferro-alloys; ferro-nickel imports declined to $95M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year.
| Import of Ferro-Alloys; Ferro-Nickel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 69.8 | 75.7 | 78.8 | 95.1 | 10.9% |
| Others | 1.2 | 7.7 | 19.2 | 0.2 | -45.0% |
| Total | 71.0 | 83.4 | 98.0 | 95.3 | 10.3% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Belgium in 2022:
- Brazil (29.4K tons)
Ferro-Alloys; Ferro-Nickel Exports in Belgium
In 2022, the amount of ferro-alloys; ferro-nickels exported from Belgium totaled 58 tons, standing approx. at 2021 figures. In general, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
In value terms, ferro-alloys; ferro-nickel exports amounted to $244K in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year.
| Export of Ferro-Alloys; Ferro-Nickel in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.7 | 0.6 | 1.2 | 151 | 499.7% |
| South Korea | 55.6 | 19.2 | 122 | 92.4 | 18.4% |
| Germany | 303 | 3.2 | 2.6 | N/A | -90.7% |
| Italy | 0.1 | 99.2 | N/A | N/A | 99100.0% |
| Netherlands | 3.3 | N/A | 116 | N/A | 492.9% |
| Others | N/A | 0.8 | 1.2 | N/A | 50.0% |
| Total | 363 | 123 | 243 | 244 | -12.4% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Belgium in 2022:
- Germany (undefined tons)
- Spain (53.6 tons)
- South Korea (4.3 tons)
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