Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Exports in Hong Kong SAR
- Ferro-Alloys; Ferro-Nickel Imports in Hong Kong SAR
Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (FOB) - 2023
The average ferro-alloys; ferro-nickel export price stood at $3,975 per ton in March 2023, approximately mirroring the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of less than 0.1% m-o-m. The export price peaked at $3,990 per ton in January 2023; afterwards, it flattened through to March 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to March 2023, the rate of growth in terms of prices for China amounted to +0.6% per month.
Ferro-Alloys; Ferro-Nickel Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $2,449 per ton, almost unchanged from the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2021 a decrease of less than 0.1% against the previous year. Over the period under review, average import prices hit record highs at $4,921 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Colombia ($2,443 per ton), while the price for China stood at $1,530 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%).
Ferro-Alloys; Ferro-Nickel Exports in Hong Kong SAR
In 2022, the amount of ferro-alloys; ferro-nickels exported from Hong Kong SAR rose notably to 39 tons, with an increase of 9.6% on 2021. Over the period under review, exports, however, faced a significant contraction.
In value terms, ferro-alloys; ferro-nickel exports soared to $168K in 2022. Overall, exports, however, recorded a abrupt decrease.
Export of Ferro-Alloys; Ferro-Nickel in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
China | 255 | 128 | 162 | -20.3% | |
India | N/A | N/A | 4.8 | 0% | |
Others | 1.7 | 0.1 | 0.6 | -40.6% | |
Total | 256 | 128 | 168 | -19.0% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Hong Kong SAR in 2022:
- China (36.2 tons)
- India (2.5 tons)
Ferro-Alloys; Ferro-Nickel Imports in Hong Kong SAR
In 2022, the amount of ferro-alloys; ferro-nickels imported into Hong Kong SAR surged to 86 tons, rising by 50% on 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt slump.
In value terms, ferro-alloys; ferro-nickel imports surged to $212K in 2022. In general, imports, however, saw a abrupt downturn.
Import of Ferro-Alloys; Ferro-Nickel in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Colombia | 277 | 138 | 199 | -15.2% | |
China | 3.5 | 1.7 | 2.1 | -22.5% | |
Others | 2.0 | 1.1 | 10.1 | 124.7% | |
Total | 282 | 141 | 212 | -13.3% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Hong Kong SAR in 2022:
- Colombia (81.6 tons)
- China (1.4 tons)
This report provides an in-depth analysis of the ferro-alloys market in Hong Kong SAR, China.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global ferro-alloys market.
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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