Ferro-Alloys; Ferro-Vanadium Price in China - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in China (FOB) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in China (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Exports in China
- Ferro-Alloys; Ferro-Vanadium Imports in China
Ferro-Alloys; Ferro-Vanadium Price in China (FOB) - 2023
In June 2023, the average ferro-alloys; ferro-vanadium export price amounted to $24,591 per ton, declining by -4.1% against the previous month. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in March 2023 an increase of 12% against the previous month. Over the period under review, the average export prices reached the peak figure at $30,676 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In June 2023, the countries with the highest prices were Canada ($26,877 per ton) and Iran ($26,500 per ton), while the average price for exports to the Netherlands ($23,835 per ton) and Japan ($24,364 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.6%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Vanadium Price in China (CIF) - 2023
The average ferro-alloys; ferro-vanadium import price stood at $19,589 per ton in June 2023, declining by -45.4% against the previous month. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 63% m-o-m. Over the period under review, average import prices reached the maximum at $45,584 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($39,864 per ton), while the price for Austria totaled $19,062 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (0.0%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Vanadium Exports in China
In 2022, the amount of ferro-alloys; ferro-vanadia exported from China surged to 6.5K tons, increasing by 37% against the year before. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium exports skyrocketed to $194M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year.
| Export of Ferro-Alloys; Ferro-Vanadium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 65.9 | 29.8 | 54.2 | 57.1 | -4.7% |
| Netherlands | 43.4 | 19.4 | 32.3 | 52.3 | 6.4% |
| Japan | 53.1 | 14.4 | 32.2 | 45.7 | -4.9% |
| Canada | 6.7 | 4.6 | 4.9 | 7.7 | 4.7% |
| Brazil | N/A | N/A | N/A | 2.6 | 0% |
| Taiwan (Chinese) | 25.4 | N/A | N/A | N/A | 0% |
| Others | 4.7 | 10.8 | 15.6 | 28.8 | 83.0% |
| Total | 199 | 79.0 | 139 | 194 | -0.8% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from China in 2022:
- South Korea (2.0K tons)
- Netherlands (1.7K tons)
- Japan (1.5K tons)
- Canada (0.2K tons)
- Brazil (0.1K tons)
Ferro-Alloys; Ferro-Vanadium Imports in China
In 2022, purchases abroad of ferro-alloys; ferro-vanadia decreased by -36.9% to 1.6K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 274% against the previous year. As a result, imports reached the peak of 3.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-vanadium imports reduced rapidly to $32M in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 114%. As a result, imports attained the peak of $54M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Ferro-Alloys; Ferro-Vanadium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.2 | 16.1 | 11.3 | 13.6 | 62.0% |
| Germany | 9.2 | 5.9 | 5.9 | 5.5 | -15.8% |
| Japan | 1.5 | 7.0 | 0.6 | 0.2 | -48.9% |
| Russia | 7.9 | 5.2 | 9.2 | N/A | 7.9% |
| Others | 3.7 | 20.4 | 13.0 | 12.3 | 49.2% |
| Total | 25.5 | 54.5 | 40.0 | 31.6 | 7.4% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to China in 2022:
- Austria (560.0 tons)
- Germany (80.0 tons)
- Japan (5.1 tons)
808
This report provides an in-depth analysis of the ferro-alloys market in China.
58
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in China.
434
This report provides an in-depth analysis of the ferro-chromium market in China.
626
This report provides an in-depth analysis of the ferro-silicon market in China.
495
This report provides an in-depth analysis of the ferro-manganese market in China.
342
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in China.
475
This report provides an in-depth analysis of the ferro-silico-manganese market in China.
404
This report provides an in-depth analysis of the ferro-molybdenum market in China.
2469
This report provides an in-depth analysis of the global ferro-alloys market.
90
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
271
In terms of value, imports of FerroAlloys dropped significantly to $1.4B in June 2023.
826
In September 2022, the ferro-alloys price stood at $2,055 per ton (CIF, China), falling by -9.2% against the previous month.
636
In value terms, ferro-silicon exports soared to $60M in March 2023
445
In value terms, ferro-manganese exports shrank significantly to $458K in March 2023.
190
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.
2652
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.
1736
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.
2421
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
134
Discover the top import markets for Ferro-Chromium and their impact on the global market. Learn about the key players driving demand for this essential alloy.
157
Explore the top import markets for ferro-silicon and delve into the key statistics and numbers behind these markets. Learn about the demand drivers and trends in these key markets.
