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U.S. - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNovember 2023 Witnesses a Sharp Decline in U.S. Imports of Ferro-alloys, Reaching a Mere $171M
U.S. Ferro-Alloys Imports
In November 2023, purchases abroad of ferro-alloys decreased by -35.6% to 83K tons for the first time since August 2023, thus ending a two-month rising trend. Overall, imports, however, saw slight growth. The most prominent rate of growth was recorded in December 2022 with an increase of 203% against the previous month. As a result, imports reached the peak of 208K tons. From January 2023 to November 2023, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys imports fell dramatically to $171M (IndexBox estimates) in November 2023. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in December 2022 with an increase of 93% month-to-month. As a result, imports attained the peak of $447M. From January 2023 to November 2023, the growth of imports failed to regain momentum.
COUNTRY | Import Value of Ferro-Alloys in U.S. (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
Russia | N/A | 46.3 | N/A | 71.4 | 12.1 | 84.5 | 3.6 | N/A | N/A | 0.4 | N/A | N/A | 29.4 |
Brazil | 25.8 | 37.0 | 26.4 | 29.2 | 48.1 | 24.6 | 40.9 | 27.6 | 25.6 | 27.3 | 24.2 | 25.4 | 17.0 |
Malaysia | 6.1 | 53.1 | 42.9 | 4.5 | 2.7 | 18.4 | 19.4 | 10.4 | 25.7 | 6.6 | 5.1 | 27.6 | 14.1 |
India | 4.6 | 53.4 | 14.4 | 2.2 | 8.7 | 6.8 | 5.2 | 11.8 | 9.5 | 10.0 | 5.6 | 15.0 | 13.5 |
South Africa | 1.4 | 78.6 | 72.7 | 3.9 | 56.4 | 9.4 | 31.0 | 4.2 | 31.5 | 2.7 | 44.1 | 6.3 | 9.7 |
Australia | 39.4 | 0.7 | 22.7 | N/A | 20.5 | 9.6 | N/A | 11.7 | N/A | 12.2 | 8.4 | 21.7 | N/A |
Zimbabwe | 8.2 | N/A | N/A | 11.9 | 11.2 | N/A | 23.7 | N/A | N/A | N/A | 6.8 | N/A | N/A |
Others | 145 | 177 | 88.6 | 130 | 153 | 225 | 172 | 128 | 112 | 131 | 121 | 142 | 87.0 |
Total | 231 | 447 | 268 | 253 | 313 | 379 | 295 | 194 | 204 | 190 | 215 | 238 | 171 |
Imports by Country
Russia (19K tons), Malaysia (14K tons) and India (9.9K tons) were the main suppliers of ferro-alloys imports to the United States, together comprising 51% of total imports. These countries were followed by South Africa and Brazil, which together accounted for a further 15%.
From November 2022 to November 2023, the biggest increases were in South Africa (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest ferro-alloys suppliers to the United States were Russia ($29M), Brazil ($17M) and Malaysia ($14M), with a combined 35% share of total imports. India and South Africa lagged somewhat behind, together accounting for a further 14%.
Among the main suppliers, South Africa, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Ferro-silicon (28K tons), ferro-manganese (23K tons) and ferro-chromium (16K tons) were the main products of ferro-alloys imports to the United States, with a combined 80% share of total imports.
From November 2022 to November 2023, the biggest increases were in ferro-silicon (with a CAGR of +7.5%), while purchases for the other products experienced mixed trend patterns.
In value terms, the most traded types of ferro-alloys in the United States were ferro-silicon ($48M), miscellaneous ferro-alloys ($35M) and ferro-chromium ($34M), with a combined 68% share of total imports.
Import Prices by Country
In November 2023, the ferro-alloys price stood at $2,051 per ton (CIF, US), surging by 12% against the previous month. Overall, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in February 2023 an increase of 64% month-to-month. Over the period under review, average import prices attained the maximum at $3,359 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($6,338 per ton), while the price for Mexico ($1,014 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (+8.2%), while the prices for the other major suppliers experienced a decline.
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023