Ferro-Alloys; Ferro-Vanadium Price in Canada - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Canada (FOB) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in Canada (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Exports in Canada
- Ferro-Alloys; Ferro-Vanadium Imports in Canada
Ferro-Alloys; Ferro-Vanadium Price in Canada (FOB) - 2023
The average ferro-alloys; ferro-vanadium export price stood at $31,285 per ton in June 2023, with an increase of 7.9% against the previous month. In general, the export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in August 2022 an increase of 15% m-o-m. Over the period under review, the average export prices hit record highs at $43,799 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -2.8% per month.
Ferro-Alloys; Ferro-Vanadium Price in Canada (CIF) - 2023
The average ferro-alloys; ferro-vanadium import price stood at $28,836 per ton in June 2023, falling by -2.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 58% m-o-m. As a result, import price reached the peak level of $50,135 per ton. From August 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Brazil ($53,934 per ton), while the price for Austria ($23,746 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Exports in Canada
In 2022, ferro-alloys; ferro-vanadium exports from Canada skyrocketed to 1.6K tons, growing by 20% on the previous year's figure. The total export volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium exports skyrocketed to $57M in 2022. Over the period under review, exports, however, recorded a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year.
| Export of Ferro-Alloys; Ferro-Vanadium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.7 | 22.2 | 46.3 | 56.5 | -4.4% |
| South Korea | N/A | 5.0 | N/A | N/A | 0% |
| Others | 0.4 | 0.4 | N/A | N/A | 0.0% |
| Total | 65.1 | 27.7 | 46.4 | 56.5 | -4.6% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Canada in 2022:
- United States (1592.4 tons)
Ferro-Alloys; Ferro-Vanadium Imports in Canada
Ferro-alloys; ferro-vanadium imports into Canada surged to 935 tons in 2022, picking up by 21% on 2021 figures. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 128%.
In value terms, ferro-alloys; ferro-vanadium imports soared to $32M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 89%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Ferro-Alloys; Ferro-Vanadium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 20.4 | 4.1 | 7.9 | 11.9 | -16.4% |
| China | 7.6 | 4.0 | 5.1 | 6.4 | -5.6% |
| Austria | N/A | 1.0 | 0.4 | 4.9 | 121.4% |
| Belgium | N/A | N/A | N/A | 3.5 | 0% |
| South Africa | 0.4 | 1.0 | 5.1 | 2.4 | 81.7% |
| Brazil | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| United States | 1.5 | 0.8 | 1.7 | 1.0 | -12.6% |
| Others | 0.7 | 0.1 | 0.4 | 0.5 | -10.6% |
| Total | 30.7 | 11.1 | 20.9 | 31.5 | 0.9% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Canada in 2022:
- Czech Republic (320.7 tons)
- China (220.9 tons)
- Belgium (140.0 tons)
- Austria (100.4 tons)
- Brazil (52.8 tons)
- South Africa (52.5 tons)
- United States (26.0 tons)
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