Ferro-Alloys; Ferro-Vanadium Price in Luxembourg - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Luxembourg (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in Luxembourg
Ferro-Alloys; Ferro-Vanadium Price in Luxembourg (CIF) - 2023
In May 2023, the average ferro-alloys; ferro-vanadium import price amounted to $32,269 per ton, declining by -1.6% against the previous month. In general, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in April 2023 an increase of 17% m-o-m. Over the period under review, average import prices hit record highs at $44,141 per ton in May 2022; however, from June 2022 to May 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From May 2022 to May 2023, the rate of growth in terms of prices for Spain amounted to 0.0% per month.
Ferro-Alloys; Ferro-Vanadium Imports in Luxembourg
In 2022, the amount of ferro-alloys; ferro-vanadia imported into Luxembourg soared to 318 tons, increasing by 39% on the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.0% against 2020 indices. 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 $9.7M in 2022. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year.
Import of Ferro-Alloys; Ferro-Vanadium in Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 1.5 | 3.6 | 5.6 | 9.1 | 82.4% |
Spain | N/A | N/A | N/A | 0.6 | 0% |
South Korea | N/A | N/A | 1.9 | N/A | 0% |
Austria | 9.1 | N/A | N/A | N/A | 0% |
Czech Republic | 0.5 | 0.5 | 0.1 | N/A | -55.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 11.1 | 4.2 | 7.7 | 9.7 | -4.4% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Luxembourg in 2022:
- South Africa (296.0 tons)
- Spain (20.3 tons)
- South Korea (2.0 tons)
This report provides an in-depth analysis of the ferro-alloys market in Luxembourg.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Luxembourg.
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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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