Ferro-Alloys; Ferro-Nickel Price in Indonesia - 2022
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Indonesia (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Price in Indonesia (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Exports in Indonesia
- Ferro-Alloys; Ferro-Nickel Imports in Indonesia
Ferro-Alloys; Ferro-Nickel Price in Indonesia (FOB) - 2022
In March 2022, the average ferro-alloys; ferro-nickel export price amounted to $2,723 per ton, picking up by 14% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In March 2022, the country with the highest price was China ($2,726 per ton), while the average price for exports to Taiwan (Chinese) ($2,406 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Nickel Price in Indonesia (CIF) - 2022
The average ferro-alloys; ferro-nickel import price stood at $5,478 per ton in February 2022, remaining relatively unchanged against the previous month. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in October 2021 an increase of 33% month-to-month. The import price peaked at $33,656 per ton in May 2021; however, from June 2021 to February 2022, 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 May 2021 to February 2022, the rate of growth in terms of prices for Brazil amounted to +4.7% per month.
Ferro-Alloys; Ferro-Nickel Exports in Indonesia
In 2022, ferro-alloys; ferro-nickel exports from Indonesia surged to 137K tons, growing by 39% against the previous year. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-nickel exports soared to $454M in 2022. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Nickel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 227 | 184 | 210 | 405 | 21.3% |
| India | 21.3 | 5.2 | 8.1 | 22.6 | 2.0% |
| Taiwan (Chinese) | 3.4 | 0.9 | 7.3 | 14.1 | 60.7% |
| South Korea | 12.8 | 1.7 | 3.0 | 7.9 | -14.9% |
| Others | 4.9 | 2.2 | 2.8 | 4.7 | -1.4% |
| Total | 270 | 193 | 232 | 454 | 18.9% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Indonesia in 2022:
- China (126.6K tons)
- India (4.4K tons)
- Taiwan (Chinese) (3.7K tons)
- South Korea (1.4K tons)
Ferro-Alloys; Ferro-Nickel Imports in Indonesia
After two years of decline, purchases abroad of ferro-alloys; ferro-nickels decreased by -50% to 1.2K tons in 2022. Overall, imports recorded a sharp decline.
In value terms, ferro-alloys; ferro-nickel imports dropped dramatically to $5.3M in 2022. In general, imports showed a significant curtailment.
| Import of Ferro-Alloys; Ferro-Nickel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.8 | 0% |
| Brazil | 6.5 | N/A | 9.2 | 2.3 | -29.3% |
| South Korea | 0.4 | N/A | 1.0 | 0.1 | -37.0% |
| Dominican Republic | 10.1 | N/A | N/A | N/A | 0% |
| Colombia | 4.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.5 | 0.1 | 0.0% |
| Total | 21.3 | N/A | 10.7 | 5.3 | -37.1% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Indonesia in 2022:
- Brazil (565.7 tons)
- China (552.7 tons)
- South Korea (20.2 tons)
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