Ferro-Alloys; Ferro-Silico-Chromium Price in Turkey - 2023
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in Turkey (CIF) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Price in Turkey (FOB) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Imports in Turkey
- Ferro-Alloys; Ferro-Silico-Chromium Exports in Turkey
Ferro-Alloys; Ferro-Silico-Chromium Price in Turkey (CIF) - 2022
The average ferro-alloys; ferro-silico-chromium import price stood at $2,740 per ton in 2022, with an increase of 90% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 747% against the previous year. Over the period under review, average import prices hit record highs at $14,034 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Zimbabwe amounted to +7.8% per year.
Ferro-Alloys; Ferro-Silico-Chromium Price in Turkey (FOB) - 2022
In 2022, the average ferro-alloys; ferro-silico-chromium export price amounted to $352 per ton, increasing by 9.7% against the previous year. Overall, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 104% against the previous year. The export price peaked at $2,100 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($366 per ton), while the average price for exports to the Netherlands stood at $314 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-16.1%).
Ferro-Alloys; Ferro-Silico-Chromium Imports in Turkey
Ferro-alloys; ferro-silico-chromium imports into Turkey surged to 2.8K tons in 2022, increasing by 101% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 3,100% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ferro-alloys; ferro-silico-chromium imports skyrocketed to $7.7M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 680% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Ferro-Alloys; Ferro-Silico-Chromium in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.1 | N/A | 7.7 | 777.5% |
| Zimbabwe | 3.6 | N/A | 1.9 | N/A | -27.4% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 3.8 | 0.3 | 2.0 | 7.7 | 26.5% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to Turkey in 2022:
- China (2.8K tons)
Ferro-Alloys; Ferro-Silico-Chromium Exports in Turkey
Ferro-alloys; ferro-silico-chromium exports from Turkey soared to 871 tons in 2022, jumping by 29% on the year before. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 420%. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ferro-alloys; ferro-silico-chromium exports soared to $306K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 348% against the previous year. As a result, the exports reached the peak of $354K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Alloys; Ferro-Silico-Chromium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 125 | 127 | 230 | 35.6% |
| Netherlands | N/A | 228 | 89.7 | 76.6 | -42.0% |
| China | 78.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 78.9 | 354 | 216 | 306 | 57.1% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from Turkey in 2022:
- Japan (627.6 tons)
- Netherlands (243.7 tons)
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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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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.
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