Ferro-Alloys; Ferro-Nickel Price in Turkey - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Turkey (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Price in Turkey (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in Turkey
- Ferro-Alloys; Ferro-Nickel Exports in Turkey
Ferro-Alloys; Ferro-Nickel Price in Turkey (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $7,117 per ton, picking up by 709% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 3,080% against the previous year. The import price peaked at $177,000 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($64,184 per ton), while the price for Russia ($4,449 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.9%).
Ferro-Alloys; Ferro-Nickel Price in Turkey (FOB) - 2022
In 2022, the average ferro-alloys; ferro-nickel export price amounted to $209,500 per ton, rising by 8,854% against the previous year. In general, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,834,666 per ton), while the average price for exports to the Netherlands ($117,883 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+52.3%).
Ferro-Alloys; Ferro-Nickel Imports in Turkey
In 2022, overseas purchases of ferro-alloys; ferro-nickels decreased by -42.9% to 945 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 20,699,538%. As a result, imports reached the peak of 3.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ferro-alloys; ferro-nickel imports skyrocketed to $6.7M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 177,755%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Ferro-Alloys; Ferro-Nickel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | N/A | 2.1 | 0% |
| Netherlands | N/A | N/A | N/A | 1.5 | 0% |
| South Korea | N/A | N/A | N/A | 1.1 | 0% |
| Russia | N/A | N/A | N/A | 0.1 | 0% |
| Indonesia | N/A | N/A | 0.7 | N/A | 0% |
| Greece | N/A | 2.9 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.7 | 1.9 | 171.4% |
| Total | N/A | 2.9 | 1.5 | 6.7 | 52.0% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Turkey in 2022:
- Netherlands (278.8 tons)
- Colombia (276.5 tons)
- Russia (26.1 tons)
- South Korea (16.5 tons)
Ferro-Alloys; Ferro-Nickel Exports in Turkey
In 2022, ferro-alloys; ferro-nickel exports from Turkey dropped remarkably to 2 kg, which is down by 99.9% compared with 2021. In general, exports faced a dramatic shrinkage. The smallest decline of -50% was in 2021.
In value terms, ferro-alloys; ferro-nickel exports shrank sharply to $419 in 2022. Over the period under review, exports faced a significant decline. The smallest decline of -50% was in 2021.
| Export of Ferro-Alloys; Ferro-Nickel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | N/A | N/A | N/A | 0% | |
| Iraq | N/A | 3.5 | N/A | 0% | |
| China | 7.7 | N/A | N/A | 0% | |
| Singapore | N/A | N/A | N/A | 0% | |
| Czech Republic | N/A | N/A | N/A | 0% | |
| Netherlands | N/A | 0.4 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 7.7 | 3.9 | N/A | -49.4% | |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Turkey in 2022:
- Iraq (2.0 kg)
- Netherlands (1.0 kg)
- Czech Republic (1.0 kg)
- Spain (1.0 kg)
- Singapore (1.0 kg)
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