Ferro-Alloys; Ferro-Niobium Price in Hungary - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Hungary (CIF) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in Hungary
Ferro-Alloys; Ferro-Niobium Price in Hungary (CIF) - 2022
The average ferro-alloys; ferro-niobium import price stood at $27,400 per ton in 2022, rising by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($31,201 per ton), while the price for Slovakia stood at $27,347 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.2%).
Ferro-Alloys; Ferro-Niobium Imports in Hungary
Ferro-alloys; ferro-niobium imports into Hungary reduced rapidly to 47 tons in 2022, waning by -45.5% on 2021 figures. Overall, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.
In value terms, ferro-alloys; ferro-niobium imports shrank markedly to $1.3M in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 22%.
Import of Ferro-Alloys; Ferro-Niobium in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 2,163 | 1,419 | 1,754 | 1,259 | -16.5% |
Belgium | 104 | N/A | 200 | 15.2 | -47.3% |
France | 56.2 | 93.2 | 13.8 | 7.8 | -48.2% |
Spain | N/A | 99.5 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,324 | 1,612 | 1,968 | 1,282 | -18.0% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Hungary in 2022:
- Slovakia (46.0 tons)
- Belgium (0.5 tons)
- France (0.3 tons)
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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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