Ferro-Alloys; Ferro-Vanadium Price in Kuwait - 2021
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Kuwait (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in Kuwait
Ferro-Alloys; Ferro-Vanadium Price in Kuwait (CIF) - 2022
The average ferro-alloys; ferro-vanadium import price stood at $9,938 per ton in 2022, approximately equating the previous year. In general, the import price recorded a sharp contraction. The pace of growth appeared the most rapid in 2017 an increase of 56%. The import price peaked at $3,618,000 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,005 per ton), while the price for the United Arab Emirates ($4,674 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (-33.3%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Vanadium Imports in Kuwait
In 2022, purchases abroad of ferro-alloys; ferro-vanadia decreased by -50% to 16 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a dramatic shrinkage.
In value terms, ferro-alloys; ferro-vanadium imports declined significantly to $159 in 2022. Overall, imports recorded a precipitous slump.
Import of Ferro-Alloys; Ferro-Vanadium in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 580 | N/A | 311 | 155 | -35.6% |
China | 51.0 | N/A | 5.0 | 3.0 | -61.1% |
United Arab Emirates | 5.0 | N/A | 2.0 | 1.0 | -41.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 636 | N/A | 318 | 159 | -37.0% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Kuwait in 2022:
- India (16.0 kg)
- United Arab Emirates (1.0 kg)
- China (1.0 kg)
This report provides an in-depth analysis of the ferro-alloys market in Kuwait.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Kuwait.
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This report provides an in-depth analysis of the ferro-silicon market in Kuwait.
This report provides an in-depth analysis of the ferro-manganese market in Kuwait.
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This report provides an in-depth analysis of the global ferro-alloys market.
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
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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