Ferro-Alloys; Ferro-Niobium Price in the Philippines - 2021
Contents:
- Ferro-Alloys; Ferro-Niobium Price in the Philippines (CIF) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in the Philippines
Ferro-Alloys; Ferro-Niobium Price in the Philippines (CIF) - 2022
The average ferro-alloys; ferro-niobium import price stood at $34,300 per ton in 2022, leveling off at the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($40,441 per ton), while the price for Taiwan (Chinese) amounted to $24,344 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%).
Ferro-Alloys; Ferro-Niobium Imports in the Philippines
In 2022, supplies from abroad of ferro-alloys; ferro-niobia decreased by -50% to 750 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a sharp slump.
In value terms, ferro-alloys; ferro-niobium imports contracted rapidly to $26K in 2022. Overall, imports saw a sharp reduction.
| Import of Ferro-Alloys; Ferro-Niobium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 75.5 | N/A | 22.1 | 18.8 | -37.1% |
| Taiwan (Chinese) | 27.4 | N/A | 8.1 | 7.0 | -36.5% |
| Sweden | N/A | N/A | 21.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 103 | N/A | 51.5 | 25.7 | -37.0% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to the Philippines in 2022:
- South Korea (464.0 kg)
- Taiwan (Chinese) (286.0 kg)
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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.
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