Ferro-Alloys; Ferro-Niobium Price in Slovakia - 2023

Contents:

  1. Ferro-Alloys; Ferro-Niobium Price in Slovakia (CIF) - 2023
  2. Ferro-Alloys; Ferro-Niobium Price in Slovakia (FOB) - 2022
  3. Ferro-Alloys; Ferro-Niobium Imports in Slovakia
  4. Ferro-Alloys; Ferro-Niobium Exports in Slovakia

Ferro-Alloys; Ferro-Niobium Price in Slovakia (CIF) - 2023

The average ferro-alloys; ferro-niobium import price stood at $31,389 per ton in July 2023, dropping by -2.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 23% m-o-m. As a result, import price attained the peak level of $32,606 per ton. From March 2023 to July 2023, the average import prices failed to regain momentum.

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 the Netherlands amounted to +1.7% per month.

Ferro-Alloys; Ferro-Niobium Price in Slovakia (FOB) - 2022

In 2022, the average ferro-alloys; ferro-niobium export price amounted to $26,418 per ton, jumping by 22% against the previous year. Over the period under review, the export price, however, faced a sharp contraction. The growth pace was the most rapid in 2014 when the average export price increased by 124%. Over the period under review, the average export prices hit record highs at $673,381 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($27,501 per ton) and Romania ($27,219 per ton), while the average price for exports to Serbia ($23,906 per ton) and Turkey ($26,257 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.4%), while the prices for the other major destinations experienced a decline.

Ferro-Alloys; Ferro-Niobium Imports in Slovakia

Ferro-alloys; ferro-niobium imports into Slovakia soared to 997 tons in 2022, with an increase of 73% against 2021 figures. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, ferro-alloys; ferro-niobium imports soared to $26M in 2022. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ferro-Alloys; Ferro-Niobium in Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands15.15.112.021.111.8%
GermanyN/A1.1N/A1.412.8%
Czech Republic1.01.20.61.39.1%
PolandN/A0.10.10.7164.6%
Others1.90.1N/A1.2-14.2%
Total18.07.512.725.612.5%

Top Suppliers of Ferro-Alloys; Ferro-Niobium to Slovakia in 2022:

  1. Netherlands (934.9 tons)
  2. Poland (31.9 tons)
  3. Czech Republic (25.4 tons)
  4. Germany (2.8 tons)

Ferro-Alloys; Ferro-Niobium Exports in Slovakia

In 2022, exports of ferro-alloys; ferro-niobia from Slovakia surged to 447 tons, with an increase of 162% compared with 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys; ferro-niobium exports soared to $12M in 2022. Over the period under review, exports enjoyed significant growth. 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 Slovakia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
RomaniaN/AN/A1.34.0207.7%
Czech Republic0.1N/A1.13.9239.1%
Serbia2.31.40.92.75.5%
Hungary2.21.40.40.8-28.6%
TurkeyN/AN/AN/A0.30%
OthersN/AN/AN/AN/A0%
Total4.62.83.711.836.9%

Top Export Markets for Ferro-Alloys; Ferro-Niobium from Slovakia in 2022:

  1. Romania (148.3 tons)
  2. Czech Republic (143.0 tons)
  3. Serbia (111.4 tons)
  4. Hungary (31.8 tons)
  5. Turkey (12.2 tons)

Source: IndexBox Market Intelligence Platform

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