Ferro-Alloys; Ferro-Nickel Price in the Philippines - 2022
Contents:
- Ferro-Alloys; Ferro-Nickel Price in the Philippines (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in the Philippines
Ferro-Alloys; Ferro-Nickel Price in the Philippines (CIF) - 2022
The average ferro-alloys; ferro-nickel import price stood at $279,200 per ton in 2022, standing approx. at the previous year. In general, the import price enjoyed significant growth. The growth pace was the most rapid in 2019 an increase of 2,982%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($11,813,603 per ton), while the price for Canada ($224,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+134.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Imports in the Philippines
In 2022, after two years of decline, there was significant decline in overseas purchases of ferro-alloys; ferro-nickels, when their volume decreased by -50% to 5 kg. Over the period under review, imports showed a precipitous setback.
In value terms, ferro-alloys; ferro-nickel imports dropped dramatically to $1.4K in 2022. Overall, imports faced a precipitous contraction.
Import of Ferro-Alloys; Ferro-Nickel in the Philippines (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 2,733 | N/A | 2,452 | 1,066 | -26.9% |
Taiwan (Chinese) | 767 | N/A | 300 | 314 | -25.7% |
Singapore | 50.0 | N/A | 39.0 | 16.0 | -31.6% |
Malaysia | 2,030 | N/A | N/A | N/A | 0% |
Others | 1.0 | N/A | N/A | N/A | 0% |
Total | 5,581 | N/A | 2,791 | 1,396 | -37.0% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to the Philippines in 2022:
- Canada (5.0 kg)
- Taiwan (Chinese) (1.0 kg)
- Singapore (1.0 kg)
This report provides an in-depth analysis of the ferro-alloys market in the Philippines.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in the Philippines.
This report provides an in-depth analysis of the ferro-chromium market in the Philippines.
This report provides an in-depth analysis of the ferro-silicon market in the Philippines.
This report provides an in-depth analysis of the ferro-manganese market in the Philippines.
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in the Philippines.
This report provides an in-depth analysis of the ferro-silico-manganese market in the Philippines.
This report provides an in-depth analysis of the ferro-molybdenum market in the Philippines.
This report provides an in-depth analysis of the global ferro-alloys market.
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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.
The global trade in ferro-alloys amounted to X 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 th
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