Ferro-Alloys; Ferro-Niobium Price in Canada - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Canada (FOB) - 2023
- Ferro-Alloys; Ferro-Niobium Price in Canada (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Exports in Canada
- Ferro-Alloys; Ferro-Niobium Imports in Canada
Ferro-Alloys; Ferro-Niobium Price in Canada (FOB) - 2023
In June 2023, the average ferro-alloys; ferro-niobium export price amounted to $30,504 per ton, with an increase of 3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 3.9% month-to-month. Over the period under review, the average export prices reached the maximum in June 2023.
Average prices varied noticeably for the major external markets. In June 2023, the countries with the highest prices were the Netherlands ($32,067 per ton) and the United Arab Emirates ($32,017 per ton), while the average price for exports to the United States ($28,726 per ton) and China ($30,053 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Price in Canada (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $26,805 per ton in June 2023, dropping by -9.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in January 2023 an increase of 42% against the previous month. As a result, import price reached the peak level of $36,781 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($30,469 per ton), while the price for Brazil totaled $26,491 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+1.3%).
Ferro-Alloys; Ferro-Niobium Exports in Canada
Ferro-alloys; ferro-niobium exports from Canada rose to 9.6K tons in 2022, surging by 2.6% against 2021. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 3.1%.
In value terms, ferro-alloys; ferro-niobium exports skyrocketed to $264M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Niobium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 103 | 52.0 | 62.3 | 128 | 7.5% |
| Netherlands | 51.7 | 67.1 | 95.4 | 97.2 | 23.4% |
| India | 6.0 | 9.2 | 6.8 | 9.9 | 18.2% |
| China | 48.7 | 64.9 | 39.7 | 8.9 | -43.3% |
| South Africa | 6.3 | 4.4 | 6.5 | 7.6 | 6.5% |
| Spain | 6.3 | 2.5 | 3.7 | 5.9 | -2.2% |
| South Korea | 3.3 | 8.0 | 1.7 | 1.4 | -24.9% |
| Others | 9.1 | 4.8 | 7.4 | 5.4 | -16.0% |
| Total | 234 | 213 | 223 | 264 | 4.1% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from Canada in 2022:
- United States (4.4K tons)
- Netherlands (3.7K tons)
- India (0.4K tons)
- South Africa (0.3K tons)
- China (0.3K tons)
- Spain (0.2K tons)
- South Korea (0.1K tons)
Ferro-Alloys; Ferro-Niobium Imports in Canada
In 2022, approx. 1.3K tons of ferro-alloys; ferro-niobia were imported into Canada; waning by -52.5% on the previous year's figure. Overall, imports saw a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 139% against the previous year.
In value terms, ferro-alloys; ferro-niobium imports fell slightly to $34M in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 32%.
| Import of Ferro-Alloys; Ferro-Niobium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 39.1 | 23.5 | 30.0 | 32.4 | -6.1% |
| United Arab Emirates | 1.0 | N/A | 0.1 | 0.6 | -15.7% |
| United States | 0.5 | 1.1 | 3.4 | 0.5 | 0.0% |
| Others | 1.2 | 1.0 | 0.2 | N/A | -59.2% |
| Total | 41.8 | 25.6 | 33.7 | 33.5 | -7.1% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Canada in 2022:
- Brazil (1287.5 tons)
- United States (32.1 tons)
- United Arab Emirates (20.3 tons)
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