Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium - 2023
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (FOB) - 2023
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (CIF) - 2022
- Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (FOB) - 2023
In June 2023, the average ferro-alloys; ferro-tungsten and ferro-silico-tungsten export price amounted to $29,162 per ton, increasing by 3.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 8.5% m-o-m. Over the period under review, the average export prices reached the peak figure at $30,422 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the highest price was recorded for prices to France ($30,386 per ton) and Germany ($29,886 per ton), while the average price for exports to Austria ($28,809 per ton) and Poland ($29,311 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 Austria (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (CIF) - 2022
In 2022, the average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price amounted to $308,282 per ton, increasing by 1,262% against the previous year. In general, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($310,332 per ton), while the price for Estonia ($266,915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+64.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium
In 2022, overseas shipments of ferro-alloys; ferro-tungsten and ferro-silico-tungstens decreased by -40.1% to 182 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 26%. As a result, the exports attained the peak of 339 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten exports declined rapidly to $5.2M in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports reached the peak of $7.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 3.5 | 2.6 | 2.3 | -8.5% |
| Italy | 0.2 | 0.6 | 0.2 | 1.2 | 81.7% |
| Austria | 1.5 | 1.4 | 3.3 | 1.0 | -12.6% |
| Spain | 1.4 | 1.6 | 0.6 | 0.5 | -29.1% |
| France | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 6.5 | 7.5 | 7.0 | 5.2 | -7.2% |
Top Export Markets for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten from Belgium in 2022:
- Germany (82.4 tons)
- Italy (42.5 tons)
- Austria (34.3 tons)
- Spain (15.8 tons)
- France (3.5 tons)
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium
In 2022, purchases abroad of ferro-alloys; ferro-tungsten and ferro-silico-tungstens decreased by -92.2% to 30 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 34%. As a result, imports attained the peak of 446 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports expanded remarkably to $9.3M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of $9.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 1.4 | 2.3 | 8.9 | 209.6% |
| Estonia | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Czech Republic | N/A | 0.2 | 0.4 | 0.2 | 0.0% |
| Russia | 0.5 | 3.1 | N/A | N/A | 520.0% |
| China | 3.2 | 1.3 | 3.5 | N/A | 4.6% |
| Sweden | N/A | N/A | 0.9 | N/A | 0% |
| United Kingdom | 2.0 | 1.7 | N/A | N/A | -15.0% |
| Netherlands | 0.7 | 0.6 | 0.4 | N/A | -24.4% |
| Brazil | 0.9 | 1.2 | 0.7 | N/A | -11.8% |
| Others | 0.3 | 0.2 | 0.3 | N/A | 0.0% |
| Total | 7.8 | 9.8 | 8.8 | 9.3 | 6.0% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to Belgium in 2022:
- Germany (28.6 tons)
- Estonia (1.1 tons)
- Czech Republic (0.5 tons)
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