CIS: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in CIS

The CIS ferro-silicon market was estimated at $X in 2023, almost unchanged from the previous year. The total consumption indicated slight growth from 2012 to 2023: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2015; afterwards, it flattened through to 2023.

Ferro-Silicon Production in CIS

In value terms, ferro-silicon production totaled $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. 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 CIS

In 2023, exports of ferro-silicon in the CIS amounted to X tons, increasing by X% against the previous year. Total exports indicated a modest increase from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-silicon exports shrank modestly to $X in 2023. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Russia represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Kazakhstan (X tons), creating a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Kazakhstan increased by X percentage points.

In value terms, Russia ($X) remains the largest ferro-silicon supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan amounted to $X per ton.

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

Ferro-Silicon Imports

Imports in CIS

In 2023, the amount of ferro-silicon imported in the CIS declined to X tons, falling by X% on 2022 figures. Overall, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, ferro-silicon imports reduced to $X in 2023. In general, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Armenia (X tons) held the second position in the ranking, followed by Belarus (X tons). All these countries together held near X% share of total imports. Kazakhstan (X tons), Azerbaijan (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the ferro-silicon imports, with a CAGR of X% from 2012 to 2023. At the same time, Armenia (X%) displayed positive paces of growth. By contrast, Azerbaijan (X%), Kazakhstan (X%), Belarus (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Armenia and Uzbekistan increased by X, X and X percentage points, respectively.

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

In Russia, ferro-silicon imports expanded 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: Armenia (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Import price indicated a notable increase 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-silicon import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted 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 Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform