Ferro-Alloys; Ferro-Niobium Price in India - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in India (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in India (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in India
- Ferro-Alloys; Ferro-Niobium Exports in India
Ferro-Alloys; Ferro-Niobium Price in India (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $33,502 per ton in July 2023, remaining constant against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 19% against the previous month. As a result, import price reached the peak level of $33,575 per ton, leveling off in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Switzerland ($60,207 per ton), while the price for Singapore ($32,323 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Price in India (FOB) - 2022
The average ferro-alloys; ferro-niobium export price stood at $30,704 per ton in 2022, rising by 10% against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 825% against the previous year. Over the period under review, the average export prices reached the peak figure at $42,990 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($39,085 per ton), while the average price for exports to the United Arab Emirates ($23,708 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 South Africa (+53.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Imports in India
In 2022, approx. 5K tons of ferro-alloys; ferro-niobia were imported into India; rising by 87% on the previous year's figure. Overall, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium imports soared to $145M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Niobium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 37.9 | 33.7 | 50.5 | 96.5 | 36.6% |
| Brazil | 27.9 | 17.2 | 14.9 | 37.0 | 9.9% |
| Canada | 6.4 | 8.7 | 5.1 | 8.2 | 8.6% |
| United Arab Emirates | 6.6 | 1.0 | 0.3 | 0.2 | -68.8% |
| Others | 2.6 | 4.3 | 2.4 | 2.6 | 0.0% |
| Total | 81.2 | 64.9 | 73.1 | 145 | 21.3% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to India in 2022:
- Singapore (3149.2 tons)
- Brazil (1492.5 tons)
- Canada (263.2 tons)
- United Arab Emirates (6.2 tons)
Ferro-Alloys; Ferro-Niobium Exports in India
In 2022, ferro-alloys; ferro-niobium exports from India dropped to 34 tons, waning by -11.9% on the previous year's figure. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 245%.
In value terms, ferro-alloys; ferro-niobium exports dropped modestly to $1M in 2022. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 291%.
| Export of Ferro-Alloys; Ferro-Niobium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 289 | 9.1 | 256 | 502 | 20.2% |
| Peru | N/A | N/A | 203 | 204 | 0.5% |
| United Arab Emirates | 429 | 255 | 206 | 140 | -31.2% |
| Russia | N/A | N/A | N/A | 129 | 0% |
| South Africa | N/A | N/A | 188 | 39.4 | -79.0% |
| Egypt | N/A | 8.6 | 9.3 | 20.4 | 54.0% |
| China | N/A | N/A | 150 | N/A | 0% |
| Oman | 3.0 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 1,085 | N/A | 8.6 | N/A | -91.1% |
| Others | 58.3 | 0.5 | 48.8 | 3.4 | -61.2% |
| Total | 1,864 | 273 | 1,069 | 1,038 | -17.7% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from India in 2022:
- Malaysia (16.7 tons)
- United Arab Emirates (5.9 tons)
- Peru (5.7 tons)
- Russia (3.8 tons)
- South Africa (1.1 tons)
- Egypt (0.5 tons)
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