Ferro-Alloys; Ferro-Vanadium Price in Belgium - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Belgium (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in Belgium (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Exports in Belgium
- Ferro-Alloys; Ferro-Vanadium Imports in Belgium
Ferro-Alloys; Ferro-Vanadium Price in Belgium (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $29,923 per ton in 2022, rising by 6.1% against the previous year. Over the period under review, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 129% against the previous year. As a result, the export price reached the peak level of $59,678 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($35,353 per ton), while the average price for exports to Spain ($12,156 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 the UK (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in Belgium (CIF) - 2022
The average ferro-alloys; ferro-vanadium import price stood at $32,300 per ton in 2022, surging by 15% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 138%. As a result, import price attained the peak level of $55,913 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($48,461 per ton), while the price for Poland ($27,414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Exports in Belgium
In 2022, approx. 488 tons of ferro-alloys; ferro-vanadia were exported from Belgium; jumping by 45% on 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium exports skyrocketed to $15M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Vanadium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 0.8 | 1.8 | 4.2 | 6.8 | 104.1% |
| Germany | 0.6 | 2.5 | 2.3 | 4.7 | 98.6% |
| Poland | 0.7 | 0.7 | 0.9 | 0.8 | 4.6% |
| Italy | 0.6 | 0.7 | 0.7 | 0.6 | 0.0% |
| France | 3.4 | 1.2 | 0.9 | 0.5 | -47.2% |
| Slovenia | N/A | N/A | 0.3 | 0.5 | 66.7% |
| Spain | 3.7 | 0.7 | N/A | 0.4 | -52.4% |
| Others | 1.5 | N/A | 0.1 | 0.2 | -48.9% |
| Total | 11.4 | 7.6 | 9.5 | 14.6 | 8.6% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Belgium in 2022:
- Austria (216.2 tons)
- Germany (151.7 tons)
- Spain (36.7 tons)
- Poland (25.9 tons)
- Italy (21.9 tons)
- France (16.0 tons)
- Slovenia (12.8 tons)
Ferro-Alloys; Ferro-Vanadium Imports in Belgium
In 2022, approx. 256 tons of ferro-alloys; ferro-vanadia were imported into Belgium; reducing by -43.5% compared with the previous year's figure. Overall, imports faced a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 32%.
In value terms, ferro-alloys; ferro-vanadium imports shrank notably to $8.3M in 2022. In general, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 90%.
| Import of Ferro-Alloys; Ferro-Vanadium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.1 | 0.2 | N/A | 3.8 | 51.2% |
| Netherlands | 2.8 | 0.2 | 1.4 | 0.9 | -31.5% |
| Luxembourg | 0.2 | 0.6 | 5.5 | 0.8 | 58.7% |
| Germany | 2.4 | 1.2 | 0.6 | 0.5 | -40.7% |
| Poland | 0.8 | 0.5 | 1.3 | 0.4 | -20.6% |
| Ireland | N/A | 1.0 | 0.3 | 0.4 | -36.8% |
| China | 1.1 | N/A | N/A | 0.4 | -28.6% |
| Italy | N/A | 0.5 | N/A | 0.3 | -22.5% |
| Sweden | 0.1 | 0.5 | 3.1 | 0.3 | 44.2% |
| India | 10.0 | 0.4 | N/A | N/A | -96.0% |
| Others | 0.2 | 1.6 | 0.4 | 0.6 | 44.2% |
| Total | 18.7 | 6.7 | 12.7 | 8.3 | -23.7% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Belgium in 2022:
- South Korea (120.3 tons)
- Netherlands (32.2 tons)
- Luxembourg (17.3 tons)
- Germany (16.6 tons)
- Ireland (15.0 tons)
- Poland (12.8 tons)
- Sweden (10.7 tons)
- China (10.0 tons)
- Italy (8.6 tons)
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