Ferro-Alloys; Ferro-Vanadium Price in the UK - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in the UK (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in the UK (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Imports in the UK
- Ferro-Alloys; Ferro-Vanadium Exports in the UK
Ferro-Alloys; Ferro-Vanadium Price in the UK (CIF) - 2022
In 2022, the average ferro-alloys; ferro-vanadium import price amounted to $30,131 per ton, picking up by 7.3% against the previous year. Over the period under review, the import price saw notable growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 311%. As a result, import price attained the peak level of $32,894 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($40,212 per ton), while the price for Saudi Arabia ($3,282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in the UK (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $39,661 per ton in 2022, with an increase of 67% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 275% against the previous year. As a result, the export price attained the peak level of $45,621 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
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 Singapore ($46,600 per ton), while the average price for exports to Greece totaled $29,748 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Imports in the UK
In 2022, the amount of ferro-alloys; ferro-vanadia imported into the UK declined sharply to 172 tons, with a decrease of -15.1% against the previous year. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
In value terms, ferro-alloys; ferro-vanadium imports declined to $5.2M in 2022. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year.
| Import of Ferro-Alloys; Ferro-Vanadium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.4 | 0% |
| South Korea | N/A | N/A | N/A | 0.9 | 0% |
| South Africa | N/A | N/A | N/A | 0.8 | 0% |
| Austria | 0.1 | 0.5 | 1.6 | 0.4 | 58.7% |
| Estonia | 0.2 | 0.7 | N/A | 0.3 | 14.5% |
| Russia | N/A | N/A | N/A | 0.3 | 0% |
| Czech Republic | N/A | N/A | N/A | 0.1 | 0% |
| Germany | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Poland | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Netherlands | 7.0 | 1.8 | 4.1 | N/A | -23.5% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 8.1 | 3.4 | 5.7 | 5.2 | -13.7% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to the UK in 2022:
- China (76.2 tons)
- South Africa (27.6 tons)
- South Korea (26.3 tons)
- Russia (12.5 tons)
- Austria (11.9 tons)
- Estonia (6.3 tons)
- Saudi Arabia (3.8 tons)
- Czech Republic (3.8 tons)
Ferro-Alloys; Ferro-Vanadium Exports in the UK
In 2022, overseas shipments of ferro-alloys; ferro-vanadia decreased by -96% to 850 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 195% against the previous year. As a result, the exports reached the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-vanadium exports reduced notably to $34K in 2022. In general, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 85%. As a result, the exports reached the peak of $663K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Ferro-Alloys; Ferro-Vanadium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 31.5 | N/A | 77.5 | 23.3 | -9.6% |
| Greece | N/A | N/A | N/A | 10.4 | 0% |
| Argentina | N/A | N/A | 107 | N/A | 0% |
| Sweden | N/A | 192 | N/A | N/A | 0% |
| France | 170 | 176 | N/A | N/A | 3.5% |
| United Arab Emirates | N/A | N/A | 42.1 | N/A | 0% |
| Netherlands | 156 | 293 | 273 | N/A | 32.3% |
| Others | 0.8 | 1.6 | 11.1 | N/A | 272.5% |
| Total | 358 | 663 | 511 | 33.7 | -54.5% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from the UK in 2022:
- Singapore (500.0 kg)
- Greece (350.0 kg)
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