MERCOSUR: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in MERCOSUR

In 2023, the MERCOSUR ferro-silicon market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Ferro-Silicon Production in MERCOSUR

In value terms, ferro-silicon production expanded remarkably to $X in 2023 estimated in export price. In general, production showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ferro-Silicon Exports

Exports in MERCOSUR

In 2023, the amount of ferro-silicon exported in MERCOSUR contracted to X tons, declining by X% compared with the year before. Overall, exports recorded a mild slump. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ferro-silicon exports fell to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Brazil prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Paraguay (X tons), mixing up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ferro-silicon exports from Brazil stood at X%. At the same time, Paraguay (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) and Paraguay (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest ferro-silicon supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports.

In Brazil, ferro-silicon exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. Export price indicated a measured 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%).

Ferro-Silicon Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of ferro-silicon decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-silicon imports fell rapidly to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

Brazil was the main importing country with an import of around X tons, which resulted at X% of total imports. Chile (X tons) ranks second in terms of the total imports with a X% share, followed by Argentina (X%), Colombia (X%) and Peru (X%). The following importers - Venezuela (X tons) and Ecuador (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-silicon imports into Brazil stood at X%. At the same time, Venezuela (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Peru and Colombia experienced a relatively flat trend pattern. By contrast, Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil, Venezuela and Colombia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ferro-silicon in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a noticeable 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 growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped notably 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 Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform