Europe: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe ferro-silicon market, when its value decreased by X% to $X. The total consumption indicated mild 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 2020 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then declined in the following year.

Ferro-Silicon Production in Europe

In value terms, ferro-silicon production stood at $X in 2023 estimated in export price. The total production indicated mild 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 appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ferro-Silicon Exports

Exports in Europe

In 2023, shipments abroad of ferro-silicon decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, ferro-silicon exports declined dramatically to $X in 2023. In general, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell sharply in the following year.

Exports by Country

In 2023, Russia (X tons), distantly followed by Norway (X tons), the Netherlands (X tons), Iceland (X tons), Germany (X tons), Poland (X tons) and France (X tons) represented the main exporters of ferro-silicon, together generating X% of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest ferro-silicon supplying countries in Europe were Russia ($X), Norway ($X) and the Netherlands ($X), with a combined X% share of total exports. Iceland, Germany, France, Poland and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Italy, with a CAGR of X%, recorded the highest growth rate of 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 Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, saw a notable expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Russia ($X per ton) and the Netherlands ($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 Russia (X%), while the other leaders experienced more modest paces of growth.

Ferro-Silicon Imports

Imports in Europe

In 2023, overseas purchases of ferro-silicon decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-silicon imports fell remarkably to $X in 2023. Overall, imports, however, showed a pronounced increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined significantly in the following year.

Imports by Country

The countries with the highest levels of ferro-silicon imports in 2023 were the Netherlands (X tons), Germany (X tons), Italy (X tons), Spain (X tons) and Belgium (X tons), together recording X% of total import. It was distantly followed by Austria (X tons), making up a X% share of total imports. France (X tons), Poland (X tons), Russia (X tons), Sweden (X tons), Finland (X tons), the Czech Republic (X tons) and Slovakia (X tons) held a minor share of total imports.

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

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

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price 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, ferro-silicon import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank markedly 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 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