Indonesia: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Indonesia

The Indonesian ferro-titanium and ferro-silico-titanium market surged to $X in 2023, growing by X% against the previous year. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Production in Indonesia

In value terms, ferro-titanium and ferro-silico-titanium production totaled $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X,000% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Indonesia

In 2023, after six years of decline, there was significant growth in shipments abroad of ferro-titanium and ferro-silico-titanium, when their volume increased by X% to X kg. Overall, exports, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports expanded remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for ferro-titanium and ferro-silico-titanium exports from Indonesia, accounting for a X% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to Singapore exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2023, the average annual growth rate of volume to Singapore stood at X%.

In value terms, Singapore ($X) remains the key foreign market for ferro-titanium and ferro-silico-titanium exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Singapore stood at X%.

Export Prices by Country

In 2023, the average ferro-titanium and ferro-silico-titanium export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Indonesia

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported into Indonesia skyrocketed to X tons, rising by X% against the year before. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports soared to $X in 2023. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Russia (X tons) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Indonesia, accounting for a X% share of total imports. Moreover, ferro-titanium and ferro-silico-titanium imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Estonia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Estonia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Indonesia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform