South-Eastern Asia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian ferro-alloys market increased by X% to $X in 2023. The total consumption indicated slight 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 decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Ferro-Alloys Production in South-Eastern Asia

In value terms, ferro-alloys production totaled $X in 2023 estimated in export price. Overall, production, however, posted strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Ferro-Alloys Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of ferro-alloys decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2022, and then declined notably in the following year.

In value terms, ferro-alloys exports reduced rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank significantly in the following year.

Exports by Country

In 2023, Indonesia (X tons) represented the largest exporter of ferro-alloys, constituting X% of total exports. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Indonesia (X p.p.) and Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest ferro-alloys supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia amounted to X%.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia stood at $X per ton.

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

Ferro-Alloys Imports

Imports in South-Eastern Asia

In 2023, the amount of ferro-alloys imported in South-Eastern Asia expanded remarkably to X tons, picking up by X% on the year before. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, ferro-alloys imports declined modestly to $X in 2023. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Indonesia represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), together mixing up a X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported ferro-alloys in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In Indonesia, ferro-alloys imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell 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 Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform