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U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jul 13, 2024

U.S. Imports of Ferro-Alloys Drop 42% to $2.9 Billion in 2023

U.S. Ferro-Alloys Imports

After two years of growth, purchases abroad of ferro-alloys decreased by -33.7% to 1.3M tons in 2023. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. As a result, imports reached the peak of 2M tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports reduced markedly to $2.9B (IndexBox estimates) in 2023. In general, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 83%. Imports peaked at $5.1B in 2022, and then contracted significantly in the following year. U.S. Ferro-Alloys Imports By Country (Million USD)

COUNTRY	Import Value of Ferro-Alloys in U.S. (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Brazil	264	373	279	303	285	335	317	268	332	410	339
South Africa	566	808	435	351	668	552	400	264	421	503	315
Canada	162	172	156	133	168	237	220	130	164	314	287
Kazakhstan	157	189	59.7	85.5	219	225	166	125	251	560	280
Chile	92.4	117	13.3	28.8	45.8	146	100	82.0	239	234	227
Malaysia	N/A	N/A	3.3	3.9	37.0	142	119	57.8	139	308	202
Russia	225	249	241	110	284	338	200	189	455	608	202
Norway	117	131	98.7	87.9	143	162	159	92.3	182	216	127
Australia	108	123	97.3	83.4	168	208	170	100	177	279	107
Others	869	1,170	898	677	1,079	1,341	851	465	883	1,619	835
Total	2,561	3,332	2,281	1,864	3,098	3,686	2,704	1,773	3,243	5,051	2,920

Imports by Country

South Africa (259K tons), Malaysia (159K tons) and Australia (93K tons) were the main suppliers of ferro-alloys imports to the United States, with a combined 41% share of total imports.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +74.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($339M), South Africa ($315M) and Canada ($287M) constituted the largest ferro-alloys suppliers to the United States, together comprising 32% of total imports. Kazakhstan, Chile, Malaysia, Russia, Norway and Australia lagged somewhat behind, together accounting for a further 39%.

Malaysia, with a CAGR of +67.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

Ferro-chromium (338K tons), ferro-manganese (319K tons) and ferro-silico-manganese (281K tons) were the main products of ferro-alloys imports to the United States, with a combined 75% share of total imports. Ferro-silicon, miscellaneous ferro-alloys, ferro-molybdenum and ferro-titanium and ferro-silico-titanium lagged somewhat behind, together comprising a further 25%.

From 2013 to 2023, the biggest increases were recorded for ferro-titanium and ferro-silico-titanium (with a CAGR of +7.4%), while purchases for the other products experienced mixed trend patterns.

In value terms, ferro-chromium ($696M), miscellaneous ferro-alloys ($576M) and ferro-silicon ($524M) appeared to be the most imported types of ferro-alloys in the United States, together accounting for 62% of total imports. Ferro-manganese, ferro-silico-manganese, ferro-molybdenum and ferro-titanium and ferro-silico-titanium lagged somewhat behind, together comprising a further 38%.

Import Prices by Country

In 2023, the ferro-alloys price amounted to $2,332 per ton (CIF, US), reducing by -12.9% against the previous year. Overall, import price indicated moderate growth from 2013 to 2023: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-alloys import price increased by +60.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure at $2,753 per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($6,482 per ton), while the price for Australia ($1,144 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-alloys market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

U.S. Imports of Ferro-Alloys Drop 42% to $2.9 Billion in 2023

U.S. Ferro-Alloys Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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