Ferro-Alloys; Ferro-Vanadium Price in Singapore - 2022
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Singapore (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in Singapore (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in Singapore
- Ferro-Alloys; Ferro-Vanadium Exports in Singapore
Ferro-Alloys; Ferro-Vanadium Price in Singapore (CIF) - 2022
In 2022, the average ferro-alloys; ferro-vanadium import price amounted to $41,825 per ton, rising by 47% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 184%. As a result, import price reached the peak level of $58,390 per ton. From 2019 to 2022, the average 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 the Netherlands ($119,897 per ton), while the price for South Korea ($36,584 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in Singapore (FOB) - 2022
In 2022, the average ferro-alloys; ferro-vanadium export price amounted to $19,041 per ton, remaining constant against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $25,000 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($28,554 per ton), while the average price for exports to the UK ($6,561 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+44.2%).
Ferro-Alloys; Ferro-Vanadium Imports in Singapore
In 2022, approx. 36 tons of ferro-alloys; ferro-vanadia were imported into Singapore; which is down by -23.3% against 2021. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 401% against the previous year. As a result, imports reached the peak of 47 tons, and then fell rapidly in the following year.
In value terms, ferro-alloys; ferro-vanadium imports expanded markedly to $1.5M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 625% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Ferro-Alloys; Ferro-Vanadium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 200 | 74.9 | 1,141 | 1,122 | 77.7% |
| China | 275 | 68.6 | 128 | 257 | -2.2% |
| Netherlands | 31.9 | 16.8 | 32.9 | 69.5 | 29.6% |
| United Kingdom | 30.1 | 12.4 | 18.3 | 43.7 | 13.2% |
| Others | 30.6 | 9.3 | 0.1 | 0.1 | -85.2% |
| Total | 567 | 182 | 1,320 | 1,492 | 38.1% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Singapore in 2022:
- South Korea (30.7 tons)
- China (3.7 tons)
- United Kingdom (0.7 tons)
- Netherlands (0.6 tons)
Ferro-Alloys; Ferro-Vanadium Exports in Singapore
In 2022, ferro-alloys; ferro-vanadium exports from Singapore surged to 74 kg, growing by 19% on 2021. Over the period under review, exports, however, showed a dramatic slump.
In value terms, ferro-alloys; ferro-vanadium exports surged to $1.4K in 2022. In general, exports, however, continue to indicate a sharp curtailment.
| Export of Ferro-Alloys; Ferro-Vanadium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Malaysia | 9.6 | 0.9 | 1.1 | -66.1% | |
| United Kingdom | N/A | N/A | 0.2 | 0% | |
| Indonesia | 0.1 | 0.1 | 0.1 | 0.0% | |
| Thailand | 17.3 | N/A | N/A | 0% | |
| China | 4.1 | N/A | N/A | 0% | |
| Oman | 82.1 | N/A | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | 113 | 1.2 | 1.4 | -88.9% | |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Singapore in 2022:
- Malaysia (39.0 kg)
- United Kingdom (28.0 kg)
- Indonesia (6.0 kg)
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