Ferro-Alloys; Ferro-Vanadium Price in Guatemala - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Guatemala (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in Guatemala
Ferro-Alloys; Ferro-Vanadium Price in Guatemala (CIF) - 2022
In 2022, the average ferro-alloys; ferro-vanadium import price amounted to $38,959 per ton, increasing by 50% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 82%. The import price peaked at $41,016 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($44,150 per ton), while the price for Mexico stood at $34,849 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (-1.4%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Vanadium Imports in Guatemala
Ferro-alloys; ferro-vanadium imports into Guatemala surged to 7.7 tons in 2022, growing by 143% compared with the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium imports surged to $298K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Ferro-Alloys; Ferro-Vanadium in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 64.0 | 99.0 | 72.4 | 149 | 32.5% |
China | N/A | N/A | N/A | 149 | 0% |
Costa Rica | N/A | N/A | 9.0 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 64.0 | 99.0 | 81.5 | 298 | 67.0% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Guatemala in 2022:
- Mexico (4.3 tons)
- China (3.4 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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