Benelux: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Benelux

In 2023, after two years of growth, there was significant decline in the Benelux ferro-alloys market, when its value decreased by X% to $X. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Ferro-Alloys Production in Benelux

In value terms, ferro-alloys production expanded modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Ferro-Alloys Exports

Exports in Benelux

In 2023, overseas shipments of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, ferro-alloys exports expanded modestly to $X in 2023. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

The Netherlands represented the key exporter of ferro-alloys in Benelux, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), creating a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the ferro-alloys exports, with a CAGR of X% from 2012 to 2023. Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest ferro-alloys supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands stood at X%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Ferro-Alloys Imports

Imports in Benelux

In 2023, after three years of growth, there was decline in overseas purchases of ferro-alloys, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted slightly in the following year.

In value terms, ferro-alloys imports contracted to $X in 2023. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank slightly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) represented the largest importer of ferro-alloys, achieving X% of total imports. It was distantly followed by Belgium (X tons), generating a X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. Belgium (X%) and Luxembourg (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported ferro-alloys in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

In the Netherlands, ferro-alloys imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform