Ferro-Alloys; Ferro-Silico-Chromium Price in Norway - 2023
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in Norway (FOB) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Price in Norway (CIF) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Exports in Norway
- Ferro-Alloys; Ferro-Silico-Chromium Imports in Norway
Ferro-Alloys; Ferro-Silico-Chromium Price in Norway (FOB) - 2022
In 2022, the average ferro-alloys; ferro-silico-chromium export price amounted to $12,108 per ton, with an increase of 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 43% against the previous year. As a result, the export price reached the peak level of $17,258 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($32,814 per ton), while the average price for exports to Sweden ($1,623 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 Turkey (-1.9%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Silico-Chromium Price in Norway (CIF) - 2022
In 2022, the average ferro-alloys; ferro-silico-chromium import price amounted to $3,385 per ton, almost unchanged from the previous year. Overall, the import price recorded a dramatic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by less than 0.1% against the previous year. The import price peaked at $138,866 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -8.4% per year.
Ferro-Alloys; Ferro-Silico-Chromium Exports in Norway
In 2022, the amount of ferro-alloys; ferro-silico-chromia exported from Norway contracted rapidly to 14 tons, which is down by -44.5% compared with 2021 figures. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 817% against the previous year.
In value terms, ferro-alloys; ferro-silico-chromium exports plummeted to $173K in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 683%.
Export of Ferro-Alloys; Ferro-Silico-Chromium in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 31.4 | 8.0 | 85.3 | 130 | 60.6% |
Germany | 43.0 | 3.1 | 37.4 | 18.6 | -24.4% |
United Kingdom | 28.5 | 4.1 | 27.1 | 15.1 | -19.1% |
Turkey | 157 | 23.0 | 70.6 | 4.1 | -70.3% |
Others | 316 | 1.0 | 87.0 | 5.3 | -74.4% |
Total | 576 | 39.2 | 307 | 173 | -33.0% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from Norway in 2022:
- Germany (7.3 tons)
- Netherlands (6.0 tons)
- United Kingdom (0.5 tons)
- Turkey (0.1 tons)
Ferro-Alloys; Ferro-Silico-Chromium Imports in Norway
In 2022, purchases abroad of ferro-alloys; ferro-silico-chromia decreased by -31.9% to 442 kg, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 6.3% against the previous year. As a result, imports attained the peak of 6.4 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-silico-chromium imports plummeted to $1.5K in 2022. Overall, imports showed a dramatic shrinkage.
Import of Ferro-Alloys; Ferro-Silico-Chromium in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | 5.5 | 2.2 | 1.5 | -47.8% |
Netherlands | 89.0 | N/A | N/A | N/A | 0% |
Sweden | N/A | 16.0 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 89.0 | 21.5 | 2.2 | 1.5 | -74.4% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to Norway in 2022:
- United Kingdom (442.0 kg)
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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.
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.
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.
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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