Ferro-Alloys; Ferro-Silico-Chromium Price in Singapore - 2022
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in Singapore (FOB) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Exports in Singapore
Ferro-Alloys; Ferro-Silico-Chromium Price in Singapore (FOB) - 2022
The average ferro-alloys; ferro-silico-chromium export price stood at $123,743 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded significant growth. The export price peaked at $125,536 per ton in 2021, and then declined slightly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($151,328 per ton), while the average price for exports to Indonesia amounted to $16,994 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.2%).
Ferro-Alloys; Ferro-Silico-Chromium Exports in Singapore
Ferro-alloys; ferro-silico-chromium exports from Singapore declined rapidly to 35 kg in 2022, which is down by -49.3% on 2021 figures. In general, exports faced a dramatic descent.
In value terms, ferro-alloys; ferro-silico-chromium exports reduced notably to $4.3K in 2022. Over the period under review, exports continue to indicate a precipitous curtailment.
Export of Ferro-Alloys; Ferro-Silico-Chromium in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Malaysia | N/A | 4.2 | 0% | ||
Indonesia | 8.7 | 0.1 | -98.9% | ||
Others | N/A | N/A | 0% | ||
Total | 8.7 | 4.3 | -50.6% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from Singapore in 2022:
- Malaysia (28.0 kg)
- Indonesia (7.0 kg)
This report provides an in-depth analysis of the ferro-alloys market in Singapore.
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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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