Ferro-Alloys; Ferro-Vanadium Price in Bulgaria - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Bulgaria (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in Bulgaria
Ferro-Alloys; Ferro-Vanadium Price in Bulgaria (CIF) - 2023
The average ferro-alloys; ferro-vanadium import price stood at $23,806 per ton in April 2023, stabilizing at the previous month. In general, the import price saw a relatively flat trend pattern. The import price peaked at $28,198 per ton in August 2022; however, from September 2022 to April 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Austria.
From June 2022 to April 2023, the rate of growth in terms of prices for Austria amounted to +0.0% per month.
Ferro-Alloys; Ferro-Vanadium Imports in Bulgaria
In 2022, ferro-alloys; ferro-vanadium imports into Bulgaria surged to 70 tons, jumping by 48% on the previous year. Over the period under review, imports, however, showed a abrupt downturn.
In value terms, ferro-alloys; ferro-vanadium imports soared to $1.7M in 2022. Overall, imports, however, recorded a abrupt descent.
Import of Ferro-Alloys; Ferro-Vanadium in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 2,098 | N/A | 1,346 | 1,696 | -6.8% |
United Kingdom | 124 | N/A | N/A | N/A | 0% |
Czech Republic | 135 | N/A | N/A | N/A | 0% |
Netherlands | 338 | N/A | N/A | N/A | 0% |
Others | 9.7 | N/A | 6.2 | 9.0 | -2.5% |
Total | 2,705 | N/A | 1,352 | 1,705 | -14.3% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Bulgaria in 2022:
- Austria (70.0 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.
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
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.
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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