Ferro-Alloys; Ferro-Nickel Price in India - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in India (CIF) - 2023
- Ferro-Alloys; Ferro-Nickel Price in India (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Imports in India
- Ferro-Alloys; Ferro-Nickel Exports in India
Ferro-Alloys; Ferro-Nickel Price in India (CIF) - 2023
The average ferro-alloys; ferro-nickel import price stood at $2,186 per ton in July 2023, with a decrease of -31.3% against the previous month. Over the period under review, the import price saw a deep setback. The growth pace was the most rapid in May 2023 when the average import price increased by 44% m-o-m. As a result, import price reached the peak level of $4,643 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($4,573 per ton), while the price for Indonesia ($1,858 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Singapore (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Ferro-Alloys; Ferro-Nickel Price in India (FOB) - 2023
In July 2023, the average ferro-alloys; ferro-nickel export price amounted to $2,454 per ton, approximately equating the previous month. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in August 2022 an increase of 12% month-to-month. Over the period under review, the average export prices attained the maximum at $72,208 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +0.2% per month.
Ferro-Alloys; Ferro-Nickel Imports in India
Ferro-alloys; ferro-nickel imports into India dropped remarkably to 174K tons in 2022, waning by -27.6% against the year before. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 with an increase of 252%. As a result, imports reached the peak of 241K tons, and then declined dramatically in the following year.
In value terms, ferro-alloys; ferro-nickel imports reduced rapidly to $433M in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 280%. As a result, imports reached the peak of $598M, and then fell significantly in the following year.
| Import of Ferro-Alloys; Ferro-Nickel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 5.8 | 6.4 | 7.0 | 17.2 | 43.7% |
| Japan | 50.6 | 16.3 | 18.6 | 13.9 | -35.0% |
| Brazil | 5.5 | 5.9 | 0.6 | 12.2 | 30.4% |
| United States | 0.1 | 0.3 | 1.3 | 8.5 | 339.7% |
| Singapore | N/A | N/A | N/A | 1.0 | 0% |
| Malaysia | N/A | N/A | 3.3 | 0.8 | -75.8% |
| North Macedonia | 16.2 | N/A | N/A | N/A | 0% |
| Indonesia | 203 | 114 | 272 | N/A | 15.8% |
| Others | 19.4 | 14.1 | 295 | 379 | 169.3% |
| Total | 301 | 157 | 598 | 433 | 12.9% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to India in 2022:
- Japan (5.8K tons)
- Dominican Republic (2.9K tons)
- Brazil (2.7K tons)
- Malaysia (0.5K tons)
- United States (0.4K tons)
- Singapore (0.2K tons)
Ferro-Alloys; Ferro-Nickel Exports in India
In 2022, overseas shipments of ferro-alloys; ferro-nickels decreased by -66.5% to 13 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 23,157% against the previous year. As a result, the exports attained the peak of 77 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-alloys; ferro-nickel exports shrank markedly to $183K in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 34,153%. As a result, the exports attained the peak of $877K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Ferro-Alloys; Ferro-Nickel in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | 1.1 | 12.0 | 162 | 171 | 437.7% |
| Malaysia | N/A | N/A | N/A | 12.4 | 0% |
| China | N/A | 865 | 173 | N/A | -80.0% |
| Bahrain | N/A | N/A | 104 | N/A | 0% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 2.6 | 877 | 440 | 183 | 312.9% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from India in 2022:
- Kyrgyzstan (12.6 tons)
- Malaysia (0.3 tons)
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