Ferro-Alloys; Ferro-Vanadium Price in Spain - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Spain (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in Spain (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in Spain
- Ferro-Alloys; Ferro-Vanadium Exports in Spain
Ferro-Alloys; Ferro-Vanadium Price in Spain (CIF) - 2023
The average ferro-alloys; ferro-vanadium import price stood at $28,942 per ton in June 2023, growing by 1.6% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in October 2022 when the average import price increased by 36% against the previous month. Over the period under review, average import prices hit record highs at $45,113 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Poland ($36,648 per ton) and Slovakia ($29,158 per ton), while the price for the Netherlands ($27,601 per ton) and Sweden ($27,958 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Austria (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in Spain (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $30,801 per ton in 2022, picking up by 6.8% against the previous year. In general, the export price posted noticeable growth. The growth pace was the most rapid in 2017 when the average export price increased by 153%. The export price peaked at $58,978 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($36,276 per ton), while the average price for exports to the UK ($9,516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Imports in Spain
Ferro-alloys; ferro-vanadium imports into Spain skyrocketed to 802 tons in 2022, growing by 19% on the year before. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. 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 soared to $27M in 2022. Overall, imports showed slight growth. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Ferro-Alloys; Ferro-Vanadium in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.9 | 4.8 | 9.4 | 15.5 | 16.1% |
| Austria | 8.2 | 3.0 | 2.9 | 6.1 | -9.4% |
| Czech Republic | 5.3 | 1.1 | 2.1 | 2.5 | -22.2% |
| South Africa | 0.1 | 1.4 | 0.5 | 0.8 | 100.0% |
| China | 0.4 | 0.3 | 1.2 | 0.8 | 26.0% |
| South Korea | N/A | 0.1 | 0.8 | 0.8 | 182.8% |
| Poland | 0.1 | 0.5 | 1.2 | 0.6 | 81.7% |
| Belgium | 1.7 | 0.6 | 0.4 | N/A | -51.5% |
| Others | 0.5 | 0.1 | 0.4 | N/A | -10.6% |
| Total | 26.3 | 11.8 | 19.1 | 27.2 | 1.1% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Spain in 2022:
- Netherlands (424.0 tons)
- Austria (197.1 tons)
- Czech Republic (84.0 tons)
- South Africa (30.0 tons)
- China (25.0 tons)
- South Korea (25.0 tons)
- Poland (15.7 tons)
Ferro-Alloys; Ferro-Vanadium Exports in Spain
In 2022, ferro-alloys; ferro-vanadium exports from Spain contracted significantly to 69 tons, which is down by -29.5% against 2021. Over the period under review, exports showed a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 64%.
In value terms, ferro-alloys; ferro-vanadium exports declined dramatically to $2.1M in 2022. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 99%.
| Export of Ferro-Alloys; Ferro-Vanadium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 408 | 1,022 | 1,928 | 1,579 | 57.0% |
| Poland | N/A | 156 | 383 | 204 | 14.4% |
| Italy | 2,994 | N/A | N/A | 188 | -60.3% |
| Turkey | N/A | N/A | N/A | 127 | 0% |
| United Kingdom | 357 | N/A | N/A | 28.5 | -56.9% |
| Sweden | N/A | 173 | N/A | N/A | 0% |
| France | 462 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 515 | N/A | 0% |
| Others | 19.3 | 68.2 | 2.7 | 2.9 | -46.8% |
| Total | 4,239 | 1,419 | 2,829 | 2,129 | -20.5% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Spain in 2022:
- Portugal (43.5 tons)
- Poland (9.0 tons)
- Italy (8.0 tons)
- Turkey (5.5 tons)
- United Kingdom (3.0 tons)
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