Ferro-Alloys; Ferro-Niobium Price in Belgium - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Belgium (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in Belgium (FOB) - 2023
- Ferro-Alloys; Ferro-Niobium Imports in Belgium
- Ferro-Alloys; Ferro-Niobium Exports in Belgium
Ferro-Alloys; Ferro-Niobium Price in Belgium (CIF) - 2023
In July 2023, the average ferro-alloys; ferro-niobium import price amounted to $29,600 per ton, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 9.3% month-to-month. Over the period under review, average import prices reached the peak figure at $30,095 per ton in May 2023; however, from June 2023 to July 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 the Netherlands.
From July 2022 to July 2023, the rate of growth in terms of prices for Brazil amounted to +5.4% per month.
Ferro-Alloys; Ferro-Niobium Price in Belgium (FOB) - 2023
The average ferro-alloys; ferro-niobium export price stood at $31,458 per ton in July 2023, dropping by -5.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 4.8% month-to-month. Over the period under review, the average export prices attained the maximum at $33,272 per ton in June 2023, and then shrank in the following month.
Average prices varied noticeably for the major export markets. In July 2023, the highest price was recorded for prices to France ($33,935 per ton) and Poland ($31,240 per ton), while the average price for exports to Italy ($30,282 per ton) and Germany ($31,193 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Imports in Belgium
In 2022, the amount of ferro-alloys; ferro-niobia imported into Belgium reduced to 1.8K tons, dropping by -7.2% compared with 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, ferro-alloys; ferro-niobium imports shrank to $42M in 2022. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year.
| Import of Ferro-Alloys; Ferro-Niobium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 47.2 | 34.6 | 41.6 | 41.9 | -3.9% |
| Others | 3.1 | 1.5 | 1.6 | 0.5 | -45.6% |
| Total | 50.3 | 36.1 | 43.2 | 42.4 | -5.5% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Belgium in 2022:
- Netherlands (1833.5 tons)
Ferro-Alloys; Ferro-Niobium Exports in Belgium
In 2022, shipments abroad of ferro-alloys; ferro-niobia decreased by -52.2% to 124 tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. As a result, the exports attained the peak of 328 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-alloys; ferro-niobium exports declined significantly to $3.8M in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $6.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Alloys; Ferro-Niobium in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,347 | 1,180 | 1,176 | 1,037 | -8.3% |
| Italy | 274 | 619 | 1,075 | 828 | 44.6% |
| Germany | 2,010 | 2,863 | 2,525 | 781 | -27.0% |
| Austria | N/A | N/A | 92.1 | 713 | 674.2% |
| Poland | 67.0 | 437 | 225 | 233 | 51.5% |
| Slovenia | N/A | 65.6 | 108 | 91.0 | 17.8% |
| Slovakia | N/A | N/A | 98.3 | 59.6 | -39.4% |
| Spain | 671 | N/A | 180 | N/A | -48.2% |
| United Arab Emirates | N/A | 379 | N/A | N/A | 0% |
| Others | 289 | 1,083 | 164 | 27.9 | -54.1% |
| Total | 4,658 | 6,627 | 5,643 | 3,770 | -6.8% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from Belgium in 2022:
- France (33.7 tons)
- Germany (27.3 tons)
- Austria (25.0 tons)
- Italy (23.8 tons)
- Poland (8.3 tons)
- Slovenia (3.1 tons)
- Slovakia (2.1 tons)
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