Indonesia: Ferro-Alloys Market 2022

Ferro-Alloys Market Size in Indonesia

The Indonesian ferro-alloys market was estimated at $X in 2020, approximately equating the previous year. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Ferro-Alloys Production in Indonesia

In value terms, ferro-alloys production shrank sharply to $X in 2020 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Ferro-alloys production peaked at $X in 2019, and then declined significantly in the following year.

Ferro-Alloys Exports

Exports from Indonesia

In 2020, shipments abroad of ferro-alloys decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, ferro-alloys exports contracted remarkably to $X in 2020. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

China (X tonnes) was the main destination for ferro-alloys exports from Indonesia, with a X% share of total exports. It was followed by India (X tonnes), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%.

In value terms, China ($X) remains the key foreign market for ferro-alloys exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to China amounted to +X%.

Export Prices by Country

In 2020, the average ferro-alloys export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the country with the highest price was India ($X per tonne), while the average price for exports to China stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (-X%).

Ferro-Alloys Imports

Imports into Indonesia

In 2020, ferro-alloys imports into Indonesia was estimated at X tonnes, surging by X% on the previous year. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, ferro-alloys imports contracted to $X in 2020. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, South Africa (X tonnes) constituted the largest ferro-alloys supplier to Indonesia, with a X% share of total imports. Moreover, ferro-alloys imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X tonnes), sixfold. The third position in this ranking was occupied by Kazakhstan (X tonnes), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from South Africa stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

In value terms, South Africa ($X) constituted the largest supplier of ferro-alloys to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of value from South Africa totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price saw a perceptible contraction. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform