Ferro-Alloys; Ferro-Niobium Price in Turkey - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in Turkey (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in Turkey (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in Turkey
- Ferro-Alloys; Ferro-Niobium Exports in Turkey
Ferro-Alloys; Ferro-Niobium Price in Turkey (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $26,368 per ton in September 2023, which is down by -3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 24% against the previous month. As a result, import price attained the peak level of $33,337 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Brazil ($26,771 per ton), while the price for the United Arab Emirates totaled $23,000 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (0.0%).
Ferro-Alloys; Ferro-Niobium Price in Turkey (FOB) - 2022
The average ferro-alloys; ferro-niobium export price stood at $28,438 per ton in 2022, growing by 7.8% against the previous year. Over the period under review, the export price posted a significant increase. The pace of growth was the most pronounced in 2017 an increase of 845% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($29,493 per ton) and the Netherlands ($25,312 per ton), while the average price for exports to Iran ($24,117 per ton) and Algeria ($25,022 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+106.4%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Niobium Imports in Turkey
In 2022, ferro-alloys; ferro-niobium imports into Turkey soared to 1.3K tons, with an increase of 35% compared with the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium imports surged to $34M in 2022. Over the period under review, imports saw a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Niobium in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 29.0 | 3.9 | 20.1 | 30.1 | 1.2% |
| Canada | 0.5 | 10.0 | 1.9 | 3.6 | 93.1% |
| Others | 0.1 | 0.5 | N/A | 0.4 | 58.7% |
| Total | 29.6 | 14.4 | 22.0 | 34.2 | 4.9% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to Turkey in 2022:
- Brazil (1115.2 tons)
- Canada (125.4 tons)
Ferro-Alloys; Ferro-Niobium Exports in Turkey
Ferro-alloys; ferro-niobium exports from Turkey dropped to 10 tons in 2022, falling by -13.3% on the year before. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year.
In value terms, ferro-alloys; ferro-niobium exports contracted to $283K in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year.
| Export of Ferro-Alloys; Ferro-Niobium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 227 | 0% |
| Netherlands | N/A | N/A | N/A | 32.5 | 0% |
| Iran | N/A | 186 | N/A | 19.3 | -67.8% |
| Algeria | N/A | N/A | 298 | 4.8 | -98.4% |
| Belgium | 125 | N/A | N/A | N/A | 0% |
| Sweden | 133 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 48.9 | N/A | N/A | N/A | 0% |
| Egypt | 115 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 5.7 | N/A | 0% |
| Total | 421 | 186 | 304 | 283 | -12.4% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from Turkey in 2022:
- Russia (7.7 tons)
- Netherlands (1.3 tons)
- Iran (0.8 tons)
- Algeria (0.2 tons)
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