South-Eastern Asia: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in South-Eastern Asia

In 2023, the Southeast Asian ferro-silicon market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Ferro-Silicon Production in South-Eastern Asia

In value terms, ferro-silicon production reached $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Ferro-Silicon Exports

Exports in South-Eastern Asia

In 2023, exports of ferro-silicon in South-Eastern Asia contracted to X tons, declining by X% compared with the year before. Over the period under review, exports, however, enjoyed a resilient expansion. 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 attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports dropped remarkably to $X in 2023. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Malaysia prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Thailand (X tons) and Vietnam (X tons), together constituting a X% share of total exports.

Malaysia was also the fastest-growing in terms of the ferro-silicon exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Export price indicated a slight expansion 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. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then declined remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Ferro-Silicon Imports

Imports in South-Eastern Asia

Ferro-silicon imports declined slightly to X tons in 2023, shrinking by X% on the previous year's figure. Total imports indicated a strong expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-silicon imports dropped to $X in 2023. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Indonesia (X tons) was the main importer of ferro-silicon, generating X% of total imports. It was distantly followed by Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), together constituting 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-silicon imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Thailand (X%) and Vietnam (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, Thailand and Vietnam saw its share reduced by X%, 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 ($X) constitutes the largest market for imported ferro-silicon in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Indonesia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and the Philippines ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform