Ferro-Alloys; Ferro-Vanadium Price in Mexico - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Mexico (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in Mexico
Ferro-Alloys; Ferro-Vanadium Price in Mexico (CIF) - 2023
In February 2023, the average ferro-alloys; ferro-vanadium import price amounted to $30,285 per ton, flattening at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level of $32,311 per ton. From August 2022 to February 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to February 2023, the rate of growth in terms of prices for China amounted to -0.9% per month.
Ferro-Alloys; Ferro-Vanadium Imports in Mexico
In 2022, approx. 100 tons of ferro-alloys; ferro-vanadia were imported into Mexico; increasing by 452% on the previous year. Overall, imports showed 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 expanded modestly to $22M in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2,545% against the previous year.
Import of Ferro-Alloys; Ferro-Vanadium in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
China | 0.1 | N/A | 22.5 | 1400.0% | |
United States | 0.2 | 6.6 | N/A | 3200.0% | |
South Africa | 0.4 | 7.3 | N/A | 1725.0% | |
Czech Republic | 0.2 | 7.8 | N/A | 3800.0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 0.8 | 21.7 | 22.5 | 430.3% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Mexico in 2022:
- China (100.0 tons)
This report provides an in-depth analysis of the ferro-alloys market in Mexico.
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in Mexico.
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This report provides an in-depth analysis of the ferro-manganese market in Mexico.
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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.
In December 2022, the ferro-silicon price CIF (Cost, Insurance, and Freight) to Mexico was $2,291 per ton, a 3.5% increase from the previous month.
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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