South Africa - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Silicon Price in South Africa - 2023
Contents:
- Ferro-Silicon Price in South Africa (FOB) - 2023
- Ferro-Silicon Price in South Africa (CIF) - 2023
- Ferro-Silicon Exports in South Africa
- Ferro-Silicon Imports in South Africa
Ferro-Silicon Price in South Africa (FOB) - 2023
The average ferro-silicon export price stood at $1,170 per ton in September 2023, declining by -12.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 76% month-to-month. As a result, the export price attained the peak level of $2,725 per ton. From June 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,815 per ton), while the average price for exports to France ($249 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Silicon Price in South Africa (CIF) - 2023
In September 2023, the average ferro-silicon import price amounted to $1,756 per ton, growing by 5.7% against the previous month. In general, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in January 2023 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $2,359 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($4,360 per ton), while the price for Zambia ($1,192 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Norway (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Silicon Exports in South Africa
In 2022, shipments abroad of ferro-silicon was finally on the rise to reach 46K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, ferro-silicon exports skyrocketed to $72M in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Silicon in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 7.2 | 5.1 | 6.9 | 10.1 | 11.9% |
| Botswana | 9.0 | 9.3 | 6.7 | 7.5 | -5.9% |
| United States | 5.5 | 6.3 | 7.1 | 6.9 | 7.9% |
| India | 8.7 | 7.0 | 6.6 | 6.8 | -7.9% |
| Netherlands | 1.6 | 1.5 | 2.4 | 4.8 | 44.2% |
| Namibia | 3.2 | 2.5 | 2.7 | 3.7 | 5.0% |
| Russia | 2.6 | 2.7 | 3.8 | 3.4 | 9.4% |
| France | 2.5 | 1.8 | 1.8 | 3.3 | 9.7% |
| Spain | 1.9 | 1.8 | 1.3 | 2.8 | 13.8% |
| Angola | 0.9 | 1.5 | 2.2 | 2.2 | 34.7% |
| Zimbabwe | 1.0 | 1.2 | 1.1 | 2.0 | 26.0% |
| Democratic Republic of the Congo | 1.3 | 1.6 | 1.8 | 1.9 | 13.5% |
| Italy | 0.8 | 0.1 | 0.9 | 1.1 | 11.2% |
| Others | 13.5 | 9.7 | 12.0 | 15.2 | 4.0% |
| Total | 59.7 | 52.1 | 57.2 | 71.8 | 6.3% |
Top Export Markets for Ferro-Silicon from South Africa in 2022:
- Australia (8.3K tons)
- Botswana (6.2K tons)
- India (3.5K tons)
- Namibia (3.1K tons)
- United States (2.9K tons)
- Netherlands (2.7K tons)
- Russia (2.5K tons)
- Angola (1.7K tons)
- Zimbabwe (1.6K tons)
- France (1.5K tons)
- Democratic Republic of the Congo (1.5K tons)
- Italy (1.5K tons)
- Spain (1.4K tons)
Ferro-Silicon Imports in South Africa
In 2022, the amount of ferro-silicon imported into South Africa soared to 12K tons, jumping by 68% against 2021. Overall, imports, however, faced a drastic downturn.
In value terms, ferro-silicon imports skyrocketed to $11M in 2022. Over the period under review, imports, however, faced a abrupt contraction.
| Import of Ferro-Silicon in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.1 | 0.4 | 4.5 | 124.1% |
| Zambia | 5.1 | 1.0 | 1.8 | 2.8 | -18.1% |
| Norway | 0.7 | 0.2 | 0.6 | 0.9 | 8.7% |
| Brazil | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| India | 0.5 | 0.1 | 0.3 | 0.5 | 0.0% |
| Canada | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Zimbabwe | 2.6 | N/A | N/A | 0.4 | -46.4% |
| Russia | 7.0 | 0.7 | 1.5 | N/A | -53.7% |
| Others | 1.3 | 1.3 | 1.3 | 0.5 | -27.3% |
| Total | 17.7 | 3.6 | 6.1 | 10.5 | -16.0% |
Top Suppliers of Ferro-Silicon to South Africa in 2022:
- China (5.0K tons)
- Zambia (3.5K tons)
- Canada (0.9K tons)
- Zimbabwe (0.6K tons)
- Norway (0.5K tons)
- Brazil (0.3K tons)
- India (0.3K tons)
This report provides an in-depth analysis of the ferro-silicon market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24101230 - Ferro-silicon
- Prodcom 24101235 -
- Prodcom 24101236 -
- Prodcom 24101239 -
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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