Ferro-Alloys; Ferro-Niobium Price in Spain - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Spain (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in Spain (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in Spain
- Ferro-Alloys; Ferro-Niobium Exports in Spain
Ferro-Alloys; Ferro-Niobium Price in Spain (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $29,563 per ton in August 2023, approximately reflecting the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in February 2023 an increase of 13% m-o-m. Over the period under review, average import prices reached the maximum at $30,449 per ton in April 2023; however, from May 2023 to August 2023, 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 August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to +3.6% per month.
Ferro-Alloys; Ferro-Niobium Price in Spain (FOB) - 2022
In 2022, the average ferro-alloys; ferro-niobium export price amounted to $24,639 per ton, with an increase of 10% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys; ferro-niobium export price increased by +30.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40%. Over the period under review, the average export prices hit record highs at $27,501 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($27,777 per ton) and the Netherlands ($24,263 per ton), while the average price for exports to Italy ($21,654 per ton) and Slovenia ($22,266 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 Peru (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Imports in Spain
In 2022, the amount of ferro-alloys; ferro-niobia imported into Spain expanded significantly to 1.1K tons, surging by 14% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium imports soared to $26M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Niobium in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.2 | 18.8 | 19.1 | 19.6 | 83.0% |
| Canada | 6.6 | 2.0 | 2.5 | 5.9 | -3.7% |
| Brazil | 13.7 | N/A | N/A | 0.5 | -66.8% |
| Others | 0.7 | N/A | 0.9 | 0.3 | -24.6% |
| Total | 24.1 | 20.8 | 22.5 | 26.3 | 3.0% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Spain in 2022:
- Netherlands (848.5 tons)
- Canada (231.0 tons)
- Brazil (20.0 tons)
Ferro-Alloys; Ferro-Niobium Exports in Spain
In 2022, exports of ferro-alloys; ferro-niobia from Spain surged to 118 tons, picking up by 80% against 2021 figures. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium exports soared to $2.9M in 2022. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Niobium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 154 | N/A | N/A | 1,899 | 131.0% |
| Argentina | 877 | 462 | 902 | 600 | -11.9% |
| Italy | 234 | 254 | 144 | 178 | -8.7% |
| Slovenia | 85.7 | 135 | 43.2 | 176 | 27.1% |
| Hungary | N/A | 103 | N/A | N/A | 0% |
| Sweden | N/A | N/A | 136 | N/A | 0% |
| United Kingdom | 147 | N/A | 47.8 | N/A | -43.0% |
| Mexico | 49.3 | 184 | 88.1 | N/A | 33.7% |
| Others | 186 | 42.5 | 95.8 | 46.2 | -37.1% |
| Total | 1,735 | 1,180 | 1,457 | 2,899 | 18.7% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from Spain in 2022:
- Netherlands (78.3 tons)
- Argentina (21.6 tons)
- Italy (8.2 tons)
- Slovenia (7.9 tons)
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