EU: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in the EU

After two years of growth, the EU ferro-silicon market decreased by X% to $X in 2023. Overall, consumption, however, enjoyed noticeable growth. The level of consumption peaked at $X in 2022, and then fell significantly in the following year.

Ferro-Silicon Production in the EU

In value terms, ferro-silicon production soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 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 the EU

In 2023, exports of ferro-silicon in the European Union declined rapidly to X tons, dropping by X% compared with the previous year's figure. Over the period under review, exports recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. 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-silicon exports contracted rapidly to $X in 2023. In general, exports, however, recorded a mild expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

In 2023, the Netherlands (X tons) represented the major exporter of ferro-silicon, achieving X% of total exports. Germany (X tons) held the second position in the ranking, followed by Poland (X tons), France (X tons), Italy (X tons) and Belgium (X tons). All these countries together took approx. X% share of total exports. Slovakia (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ferro-silicon exports from the Netherlands stood at X%. At the same time, Italy (X%) and Belgium (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. Germany experienced a relatively flat trend pattern. By contrast, Poland (X%), France (X%) and Slovakia (X%) illustrated a downward trend over the same period. Italy (X p.p.) significantly strengthened its position in terms of the total exports, while France and Slovakia 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 ($X) remains the largest ferro-silicon supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, showed notable growth. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then reduced sharply in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Germany ($X per ton), while Poland ($X per ton) and Belgium ($X per ton) were 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-Silicon Imports

Imports in the EU

After three years of growth, overseas purchases of ferro-silicon decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, ferro-silicon imports contracted dramatically to $X in 2023. Overall, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

In 2023, the Netherlands (X tons), Germany (X tons), Italy (X tons), Spain (X tons) and Belgium (X tons) was the largest importer of ferro-silicon in the European Union, committing X% of total import. It was distantly followed by Austria (X tons), constituting a X% share of total imports. France (X tons), Poland (X tons), Sweden (X tons), Finland (X tons), the Czech Republic (X tons) and Slovakia (X tons) held a little share of total imports.

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

In value terms, the largest ferro-silicon importing markets in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Belgium, Spain, Austria, France, Sweden, Poland, Finland, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, which is down by X% against the previous year. Import price indicated a modest expansion 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 pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

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

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

Source: IndexBox Platform