Ferro-Alloys; Ferro-Silico-Chromium Price in India - 2023
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in India (FOB) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Price in India (CIF) - 2023
- Ferro-Alloys; Ferro-Silico-Chromium Exports in India
- Ferro-Alloys; Ferro-Silico-Chromium Imports in India
Ferro-Alloys; Ferro-Silico-Chromium Price in India (FOB) - 2022
The average ferro-alloys; ferro-silico-chromium export price stood at $2,650 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price recorded a perceptible increase. The growth pace was the most rapid in 2017 an increase of 155% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($2,949 per ton), while the average price for exports to Germany ($2,498 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.2%).
Ferro-Alloys; Ferro-Silico-Chromium Price in India (CIF) - 2023
The average ferro-alloys; ferro-silico-chromium import price stood at $15,740 per ton in September 2023, almost unchanged from the previous month. Over the period under review, the import price continues to indicate a significant expansion. Over the period under review, average import prices reached the peak figure in September 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to September 2023, the rate of growth in terms of prices for China amounted to +29.8% per month.
Ferro-Alloys; Ferro-Silico-Chromium Exports in India
In 2022, after two years of decline, there was decline in shipments abroad of ferro-alloys; ferro-silico-chromia, when their volume decreased by 0% to 3.1K tons. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, ferro-alloys; ferro-silico-chromium exports skyrocketed to $8.2M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,379% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Ferro-Alloys; Ferro-Silico-Chromium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 4,649 | 0% |
| Egypt | N/A | 9.1 | N/A | 387 | 552.1% |
| Netherlands | N/A | N/A | N/A | 91.5 | 0% |
| United Arab Emirates | 74.8 | 0.5 | 14.7 | N/A | -55.7% |
| Canada | 687 | N/A | 11.7 | N/A | -86.9% |
| Others | 4.9 | 74.4 | 1,216 | 3,046 | 753.4% |
| Total | 767 | 84.0 | 1,243 | 8,174 | 120.1% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from India in 2022:
- Germany (1860.9 tons)
- Egypt (131.3 tons)
- Netherlands (32.2 tons)
Ferro-Alloys; Ferro-Silico-Chromium Imports in India
In 2022, after two years of decline, there was significant decline in supplies from abroad of ferro-alloys; ferro-silico-chromia, when their volume decreased by -50% to 16 tons. Over the period under review, imports recorded a significant decline.
In value terms, ferro-alloys; ferro-silico-chromium imports declined notably to $65K in 2022. In general, imports recorded a significant curtailment.
| Import of Ferro-Alloys; Ferro-Silico-Chromium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 131 | 65.4 | -50.1% |
| Kazakhstan | 52.0 | N/A | N/A | N/A | 0% |
| Zimbabwe | 47.0 | N/A | N/A | N/A | 0% |
| Norway | 151 | N/A | N/A | N/A | 0% |
| Others | 11.8 | N/A | N/A | N/A | 0% |
| Total | 262 | N/A | 131 | 65.4 | -37.0% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to India in 2022:
- China (16.1 tons)
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
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The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
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