Ferro-Alloys; Ferro-Niobium Price in Japan - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Japan (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in Japan (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in Japan
- Ferro-Alloys; Ferro-Niobium Exports in Japan
Ferro-Alloys; Ferro-Niobium Price in Japan (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $25,810 per ton in September 2023, falling by -6.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 14% m-o-m. The import price peaked at $30,516 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From September 2022 to September 2023, the rate of growth in terms of prices for Brazil amounted to +1.2% per month.
Ferro-Alloys; Ferro-Niobium Price in Japan (FOB) - 2022
The average ferro-alloys; ferro-niobium export price stood at $36,159 per ton in 2022, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $40,016 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($73,845 per ton), while the average price for exports to Thailand ($28,553 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 Taiwan (Chinese) (-1.4%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Niobium Imports in Japan
Ferro-alloys; ferro-niobium imports into Japan declined to 6K tons in 2022, waning by -5.9% on 2021 figures. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year.
In value terms, ferro-alloys; ferro-niobium imports shrank modestly to $148M in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 26%.
Import of Ferro-Alloys; Ferro-Niobium in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 178 | 118 | 150 | 147 | -6.2% |
Others | 5.1 | 3.4 | 2.1 | 1.3 | -36.6% |
Total | 183 | 121 | 152 | 148 | -6.8% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Japan in 2022:
- Brazil (6.0K tons)
Ferro-Alloys; Ferro-Niobium Exports in Japan
In 2022, shipments abroad of ferro-alloys; ferro-niobia decreased by -48.8% to 3.5 tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. As a result, the exports attained the peak of 8.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-alloys; ferro-niobium exports contracted notably to $127K in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. As a result, the exports attained the peak of $306K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Ferro-Alloys; Ferro-Niobium in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 112 | 125 | 114 | 58.5 | -19.5% |
Taiwan (Chinese) | 65.0 | 148 | 82.4 | 36.9 | -17.2% |
New Zealand | N/A | N/A | N/A | 22.2 | 0% |
South Korea | 10.9 | 32.8 | 48.3 | 9.0 | -6.2% |
Others | N/A | N/A | 2.7 | N/A | 0% |
Total | 188 | 306 | 247 | 127 | -12.3% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from Japan in 2022:
- Thailand (2050.0 kg)
- Taiwan (Chinese) (900.0 kg)
- New Zealand (300.0 kg)
- South Korea (250.0 kg)
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Ferro-Alloys imports reached their peak at 1.9M tons in 2014 but have since decreased, with imports staying at a lower figure from 2015 to 2023. In terms of value, Ferro-Alloys imports dropped to $2.5B in 2023.
During the period analyzed, Ferro-Silicon imports reached their highest point in 2014, with 510K tons. However, from 2015 to 2023, imports remained at a slightly lower level. In terms of value, Ferro-Silicon imports saw a significant decline, dropping to $682M in 2023.
The growth of Ferro-Silicon imports was at its peak in September 2023 with a 36% month-to-month increase. The value of imports skyrocketed to $56M in November 2023.
In September 2023, Ferro-Silicon experienced a significant growth rate of 36% compared to the previous month. By November 2023, the value of ferro-silicon imports surged to $56M.
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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