Ferro-Alloys; Ferro-Vanadium Price in India - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in India (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in India (FOB) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in India
- Ferro-Alloys; Ferro-Vanadium Exports in India
Ferro-Alloys; Ferro-Vanadium Price in India (CIF) - 2023
The average ferro-alloys; ferro-vanadium import price stood at $25,384 per ton in July 2023, shrinking by -1.8% against the previous month. In general, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in February 2023 an increase of 30% against the previous month. The import price peaked at $33,392 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($42,448 per ton), while the price for Japan ($15,424 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in India (FOB) - 2023
In July 2023, the average ferro-alloys; ferro-vanadium export price amounted to $26,027 per ton, shrinking by -26.2% against the previous month. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in April 2023 an increase of 48% against the previous month. Over the period under review, the average export prices attained the maximum at $39,936 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was Indonesia ($30,534 per ton), while the average price for exports to Thailand totaled $25,768 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Vanadium Imports in India
In 2022, ferro-alloys; ferro-vanadium imports into India surged to 966 tons, with an increase of 119% compared with 2021 figures. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium imports skyrocketed to $28M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Vanadium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.7 | 1.7 | 3.7 | 14.7 | 105.3% |
| Japan | 2.3 | 1.8 | 1.1 | 7.3 | 47.0% |
| Germany | 3.6 | 3.1 | 4.2 | 2.2 | -15.1% |
| China | 2.6 | N/A | 0.2 | 1.9 | -9.9% |
| United States | 0.7 | 0.1 | N/A | 0.4 | -17.0% |
| Russia | 2.5 | N/A | N/A | N/A | 0% |
| Switzerland | N/A | 0.6 | 0.2 | N/A | -66.7% |
| Netherlands | 1.5 | 0.1 | 0.1 | N/A | -74.2% |
| Others | N/A | 0.4 | 1.9 | 1.0 | 58.1% |
| Total | 14.8 | 7.8 | 11.3 | 27.5 | 22.9% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to India in 2022:
- South Korea (481.4 tons)
- Japan (286.4 tons)
- Germany (80.5 tons)
- China (66.0 tons)
- United States (23.5 tons)
- Netherlands (0.3 tons)
Ferro-Alloys; Ferro-Vanadium Exports in India
Ferro-alloys; ferro-vanadium exports from India declined to 408 tons in 2022, waning by -4.5% against 2021 figures. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year.
In value terms, ferro-alloys; ferro-vanadium exports soared to $14M in 2022. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2021 when exports increased by 97%.
| Export of Ferro-Alloys; Ferro-Vanadium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | 2.8 | N/A | 7.3 | 87.9% |
| Thailand | 0.7 | 0.8 | 4.8 | 6.0 | 104.7% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Turkey | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Belgium | 10.7 | 0.7 | N/A | N/A | -93.5% |
| China | 1.3 | N/A | N/A | N/A | 0% |
| Oman | 1.2 | 1.1 | 5.6 | N/A | 116.0% |
| Others | 1.5 | 0.1 | 0.6 | 0.4 | -35.6% |
| Total | 16.5 | 5.6 | 11.1 | 14.1 | -5.1% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from India in 2022:
- Netherlands (209.7 tons)
- Thailand (168.5 tons)
- United Arab Emirates (10.3 tons)
- Turkey (6.3 tons)
1129
This report provides an in-depth analysis of the ferro-alloys market in India.
93
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in India.
467
This report provides an in-depth analysis of the ferro-chromium market in India.
1608
This report provides an in-depth analysis of the ferro-silicon market in India.
657
This report provides an in-depth analysis of the ferro-manganese market in India.
274
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in India.
1525
This report provides an in-depth analysis of the ferro-silico-manganese market in India.
1605
This report provides an in-depth analysis of the ferro-molybdenum market in India.
2545
This report provides an in-depth analysis of the global ferro-alloys market.
151
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
478
In November 2022, the ferro-alloys price stood at $1,186 per ton (FOB, India), with an increase of 4.1% against the previous month.
673
In February 2023, the ferrosilicon price amounted to $1,712 per ton (CIF, India), growing by 6.6% against the previous month.
345
In November 2022, ferro-manganese price per ton (FOB, India) was $1,171, a 2% increase from the previous month
795
In October 2022, the ferro-manganese price amounted to $1,148 per ton (FOB, India), declining by -9.9% against the previous month.
232
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.
2771
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.
1921
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.
2460
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
57
Explore the top import markets for miscellaneous ferro-alloys in 2023, including key statistics and insights. Discover the leading countries driving global trade in ferro-alloys.
181
Discover the top import markets for Ferro-Chromium and their impact on the global market. Learn about the key players driving demand for this essential alloy.
