Benelux: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Benelux

In 2023, the Benelux ferro-silicon market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption posted a strong expansion. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Ferro-Silicon Production in Benelux

In value terms, ferro-silicon production totaled $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ferro-Silicon Exports

Exports in Benelux

In 2023, ferro-silicon exports in Benelux declined to X tons, dropping by X% on 2022 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ferro-silicon exports fell significantly to $X in 2023. Over the period under review, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Belgium (X tons), comprising a X% share of total exports.

Exports from the Netherlands decreased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

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

In the Netherlands, ferro-silicon exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, recorded measured growth. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

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

Ferro-Silicon Imports

Imports in Benelux

In 2023, approx. X tons of ferro-silicon were imported in Benelux; remaining relatively unchanged against the previous year's figure. Overall, imports recorded a slight expansion. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, ferro-silicon imports dropped remarkably to $X in 2023. Over the period under review, imports showed noticeable growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined notably in the following year.

Imports by Country

The Netherlands represented the key importer of ferro-silicon in Benelux, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by Belgium (X tons), mixing up a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the ferro-silicon imports, with a CAGR of X% from 2012 to 2023. Belgium experienced a relatively flat trend pattern. From 2012 to 2023, the share of the Netherlands increased by X percentage points.

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

In the Netherlands, ferro-silicon imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, which is down by X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price 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, ferro-silicon import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

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

Source: IndexBox Platform