EU: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in the EU

In 2023, the EU ferro-silico-manganese market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then reduced dramatically in the following year.

Ferro-Silico-Manganese Production in the EU

In value terms, ferro-silico-manganese production rose remarkably to $X in 2023 estimated in export price. Overall, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Ferro-Silico-Manganese Exports

Exports in the EU

In 2023, shipments abroad of ferro-silico-manganese decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, ferro-silico-manganese exports shrank remarkably to $X in 2023. In general, exports, however, saw measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then contracted sharply in the following year.

Exports by Country

Poland (X tons), the Netherlands (X tons) and Italy (X tons) represented roughly X% of total exports in 2023. It was distantly followed by France (X tons), achieving an X% share of total exports. The following exporters - Spain (X tons), Slovakia (X tons) and Germany (X tons) - together made up X% of total exports.

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

In value terms, Poland ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Spain ($X per ton) and Germany ($X per ton), while Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

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

Ferro-Silico-Manganese Imports

Imports in the EU

In 2023, overseas purchases of ferro-silico-manganese decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import 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 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, ferro-silico-manganese imports reduced dramatically to $X in 2023. In general, imports, however, posted measured growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

The purchases of the four major importers of ferro-silico-manganese, namely Italy, Poland, Germany and the Netherlands, represented more than two-thirds of total import. It was distantly followed by Spain (X tons) and France (X tons), together constituting a X% share of total imports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The Netherlands, Spain, France and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 dropped dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Spain ($X per ton), while Poland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform