CIS: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in CIS

In 2023, the CIS ferro-alloys market increased by X% to $X, rising for the third consecutive year after three years of decline. 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 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Ferro-Alloys Production in CIS

In value terms, ferro-alloys production rose markedly to $X in 2023 estimated in export price. The total production indicated slight 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports in CIS

Ferro-alloys exports amounted to X tons in 2023, remaining stable against 2022. In general, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ferro-alloys exports shrank to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Kazakhstan (X tons) was the major exporter of ferro-alloys, creating X% of total exports. It was distantly followed by Russia (X tons), generating a X% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2023. Russia (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest ferro-alloys supplying countries in the CIS were Kazakhstan ($X) and Russia ($X).

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-alloys export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan stood at $X per ton.

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

Ferro-Alloys Imports

Imports in CIS

In 2023, the amount of ferro-alloys imported in the CIS reached X tons, with an increase of X% compared with 2022. In general, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports stood at $X in 2023. Over the period under review, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia represented the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Belarus (X tons) and Uzbekistan (X tons), together generating a X% share of total imports. Kazakhstan (X tons), Azerbaijan (X tons) and Armenia (X tons) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Armenia (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ferro-alloys in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, ferro-alloys imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

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

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

Source: IndexBox Platform