Asia-Pacific: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Asia-Pacific

In 2022, the Asia-Pacific ferro-alloys market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Alloys Production in Asia-Pacific

In value terms, ferro-alloys production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Ferro-Alloys Exports

Exports in Asia-Pacific

In 2022, overseas shipments of ferro-alloys increased by X% to X tons, rising for the seventh year in a row after two years of decline. In general, exports showed a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, ferro-alloys exports soared to $X in 2022. Overall, exports posted resilient growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia represented the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by India (X tons), China (X tons) and Malaysia (X tons), together achieving a X% share of total exports. South Korea (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ferro-alloys exports from Indonesia stood at X%. At the same time, Malaysia (X%), China (X%) and India (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, China and India saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest ferro-alloys supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Ferro-Alloys Imports

Imports in Asia-Pacific

Ferro-alloys imports surged to X tons in 2022, increasing by X% on 2021 figures. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ferro-alloys imports soared to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) represented the main importer of ferro-alloys, creating X% of total imports. Indonesia (X tons) held the second position in the ranking, followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together took near X% share of total imports. India (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ferro-alloys imports into China stood at X%. At the same time, Indonesia (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ferro-alloys in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform