Ferro-Alloys; Ferro-Niobium Price in the UK - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in the UK (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in the UK (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in the UK
- Ferro-Alloys; Ferro-Niobium Exports in the UK
Ferro-Alloys; Ferro-Niobium Price in the UK (CIF) - 2023
In August 2023, the average ferro-alloys; ferro-niobium import price amounted to $35,272 per ton, picking up by 3.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 27% month-to-month. As a result, import price attained the peak level of $38,684 per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Brazil ($36,761 per ton), while the price for Canada totaled $31,963 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Price in the UK (FOB) - 2022
In 2022, the average ferro-alloys; ferro-niobium export price amounted to $24,794 per ton, increasing by 20% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices attained the maximum at $64,643 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($40,500 per ton), while the average price for exports to Thailand ($21,796 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 Luxembourg (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Imports in the UK
In 2022, the amount of ferro-alloys; ferro-niobia imported into the UK surged to 1.1K tons, with an increase of 78% against 2021. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium imports soared to $31M in 2022. Overall, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Niobium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 0.2 | 19.0 | 9400.0% |
| Canada | N/A | N/A | 0.1 | 10.5 | 10400.0% |
| China | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | 18.6 | 11.8 | 15.0 | 0.6 | -68.2% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 18.8 | 12.0 | 15.4 | 30.9 | 18.0% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to the UK in 2022:
- Brazil (699.1 tons)
- Canada (348.4 tons)
- Netherlands (26.5 tons)
- China (24.5 tons)
Ferro-Alloys; Ferro-Niobium Exports in the UK
In 2022, approx. 31 tons of ferro-alloys; ferro-niobia were exported from the UK; growing by 2.6% compared with the previous year. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 52%.
In value terms, ferro-alloys; ferro-niobium exports surged to $760K in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 35%.
| Export of Ferro-Alloys; Ferro-Niobium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 201 | 10.3 | 38.3 | 507 | 36.1% |
| Turkey | 13.4 | N/A | 104 | 76.3 | 78.6% |
| United States | N/A | N/A | N/A | 74.5 | 0% |
| Greece | N/A | N/A | N/A | 39.9 | 0% |
| Canada | N/A | N/A | N/A | 39.7 | 0% |
| Taiwan (Chinese) | 53.6 | 79.6 | 302 | 17.9 | -30.6% |
| Germany | N/A | 114 | N/A | N/A | 0% |
| Ireland | 108 | N/A | 9.1 | N/A | -71.0% |
| China | N/A | 98.0 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 166 | N/A | 0% |
| Egypt | N/A | 104 | N/A | N/A | 0% |
| Netherlands | 283 | N/A | N/A | N/A | 0% |
| Romania | 54.2 | 50.7 | N/A | N/A | -6.5% |
| Others | 64.7 | 1.8 | N/A | 5.1 | -57.1% |
| Total | 778 | 458 | 618 | 760 | -0.8% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from the UK in 2022:
- Thailand (23.3 tons)
- United States (2.8 tons)
- Turkey (2.0 tons)
- Canada (1.0 tons)
- Greece (1.0 tons)
- Taiwan (Chinese) (0.5 tons)
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