Ferro-alloys Market

Ferro-alloys market: get the latest data featured by an Ai-driven BI tool. Information provide market size, companies, trade, consumption, market prices, exports, imports, and production. Here is a split by country, including the U.S., the U.K., Africa, Russia, EU, the Middle East, China, and Latin America. Market dynamics and outlook to 2030 are also provided in the reports.

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Ferro-alloys - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by Japan. It was followed by Russia.

In China, the ferro-alloys market shrank by an average annual rate of -2.8% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Japan (-14.8% per year) and Russia (-8.4% per year).

Ferro-Alloys Prices

Ferro-Alloys - Top Importers

In value terms, China ($5.9B) constitutes the largest market for imported ferro-alloys worldwide, comprising 29% of global imports. The second position in the ranking was occupied by Japan ($1.7B), with a 8.2% share of global imports. It was followed by the United States, with a 6.3% share.

From 2018 to 2020, the average annual growth rate of value in China stood at +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-26.6% per year) and the United States (-31.4% per year).

Ferro-Alloys - Top Exporters

In value terms, the largest ferro-alloys supplying countries worldwide were South Africa ($2.7B), Brazil ($2.5B) and Kazakhstan ($1.7B), with a combined 34% share of global exports. These countries were followed by India, Norway, Russia, China, Ukraine, Malaysia, the Netherlands, Finland, France and Georgia, which together accounted for a further 33%.

Finland recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Ferro-Alloys - Market Forecast

Driven by rising demand for ferro-alloys worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Ferro-alloys - Product Coverage

• HS 720211 - Ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon
• HS 720219 - Ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon
• HS 720221 - Ferro-alloys; ferro-silicon, containing by weight more than 55% of silicon
• HS 720229 - Ferro-alloys; ferro-silicon, containing by weight 55% or less of silicon
• HS 720230 - Ferro-alloys; ferro-silico-manganese
• HS 720241 - Ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon
• HS 720249 - Ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon
• HS 720250 - Ferro-alloys; ferro-silico-chromium
• HS 720260 - Ferro-alloys; ferro-nickel
• HS 720270 - Ferro-alloys; ferro-molybdenum
• HS 720280 - Ferro-alloys; ferro-tungsten and ferro-silico-tungsten
• HS 720291 - Ferro-alloys; ferro-titanium and ferro-silico-titanium
• HS 720292 - Ferro-alloys; ferro-vanadium
• HS 720293 - Ferro-alloys; ferro-niobium
• HS 720299 - Ferro-alloys; n.e.s. in heading no. 7202