EU: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in the EU

In 2023, after two years of growth, there was significant decline in the EU ferro-alloys market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Ferro-Alloys Production in the EU

In value terms, ferro-alloys production rose markedly to $X in 2023 estimated in export price. The total production indicated a temperate expansion 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Ferro-Alloys Exports

Exports in the EU

In 2023, shipments abroad of ferro-alloys decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, ferro-alloys exports declined to $X in 2023. Over the period under review, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

The Netherlands represented the largest exporter of ferro-alloys in the European Union, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Finland (X%), France (X%), Italy (X%), Germany (X%) and Belgium (X%).

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Italy (X%), Poland (X%), Finland (X%) and France (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. Poland (X p.p.), Italy (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted modestly 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 Belgium ($X per ton), while Finland ($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.

Ferro-Alloys Imports

Imports in the EU

In 2023, supplies from abroad of ferro-alloys decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports contracted notably to $X in 2023. Overall, imports, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank significantly in the following year.

Imports by Country

The purchases of the six major importers of ferro-alloys, namely the Netherlands, Germany, Italy, Belgium, Spain and Poland, represented more than two-thirds of total import. It was distantly followed by France (X tons), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Import price indicated a temperate 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-alloys import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Poland ($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