India: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in India

In 2022, the Indian ferro-silicon market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Ferro-silicon consumption peaked in 2022 and is likely to see gradual growth in years to come.

Ferro-Silicon Production in India

In value terms, ferro-silicon production reached $X in 2022 estimated in export price. Overall, production recorded a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Ferro-Silicon Exports

Exports from India

In 2022, overseas shipments of ferro-silicon increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a slight expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports soared to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Egypt (X tons) were the main destinations of ferro-silicon exports from India, together accounting for X% of total exports. The United Arab Emirates, the United States, Spain, Nigeria, Saudi Arabia, Libya, Mexico, Slovenia, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-silicon exported from India were Italy ($X), the Netherlands ($X) and Egypt ($X), with a combined X% share of total exports. The United Arab Emirates, the United States, Libya, Spain, Slovenia, Nigeria, Saudi Arabia, Turkey, Mexico and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Libya, with a CAGR of X%, saw 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 2022, the average ferro-silicon export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silicon export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into India

In 2022, the amount of ferro-silicon imported into India rose significantly to X tons, growing by X% on 2021 figures. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, ferro-silicon imports soared to $X in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Bhutan (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of ferro-silicon imports to India, with a combined X% share of total imports. Brazil, the Netherlands, Norway, the United Arab Emirates and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon suppliers to India were Bhutan ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports. The Netherlands, Norway, Brazil, the United Arab Emirates and Russia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded 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

The average ferro-silicon import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silicon import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform