Spain: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Spain

In 2022, the Spanish ferro-silicon market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Ferro-Silicon Production in Spain

In value terms, ferro-silicon production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Ferro-Silicon Exports

Exports from Spain

In 2022, overseas shipments of ferro-silicon decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, ferro-silicon exports stood at $X in 2022. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for ferro-silicon exports from Spain, accounting for a X% share of total exports. Moreover, ferro-silicon exports to Germany exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Poland (X% per year).

In value terms, Germany ($X) remains the key foreign market for ferro-silicon exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average ferro-silicon export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Spain

In 2022, after two years of growth, there was significant decline in overseas purchases of ferro-silicon, when their volume decreased by X% to X tons. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, ferro-silicon imports surged to $X in 2022. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest ferro-silicon supplier to Spain, with a X% share of total imports. Moreover, ferro-silicon imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. The third position in this ranking was held by Norway (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Norway (X% per year).

In value terms, France ($X), Norway ($X) and the Netherlands ($X) were the largest ferro-silicon suppliers to Spain, together comprising X% of total imports. Belgium, Germany, Argentina, Brazil, Portugal and Iceland lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-silicon import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform