Ferro-Alloys; Ferro-Vanadium Price in the United States - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in the United States (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in the United States (FOB) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in the United States
- Ferro-Alloys; Ferro-Vanadium Exports in the United States
Ferro-Alloys; Ferro-Vanadium Price in the United States (CIF) - 2023
In August 2023, the average ferro-alloys; ferro-vanadium import price amounted to $27,090 per ton, waning by -4.6% against the previous month. In general, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in May 2023 an increase of 31% against the previous month. Over the period under review, average import prices reached the peak figure at $55,511 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($28,397 per ton), while the price for Austria amounted to $26,616 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (-1.8%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Vanadium Price in the United States (FOB) - 2023
In August 2023, the average ferro-alloys; ferro-vanadium export price amounted to $19,463 per ton, dropping by -38% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 67% m-o-m. As a result, the export price reached the peak level of $35,336 per ton. From October 2022 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Canada ($29,083 per ton), while the average price for exports to the Netherlands amounted to $14,666 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Vanadium Imports in the United States
In 2022, the amount of ferro-alloys; ferro-vanadia imported into the United States fell slightly to 3.5K tons, which is down by -2% against the year before. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year.
In value terms, ferro-alloys; ferro-vanadium imports surged to $178M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 106%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Ferro-Alloys; Ferro-Vanadium in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 30.6 | 11.5 | 20.0 | 56.9 | 23.0% |
Czech Republic | 59.3 | 21.2 | 37.2 | 56.0 | -1.9% |
Canada | 50.8 | 22.3 | 32.0 | 54.1 | 2.1% |
Latvia | 5.0 | 1.0 | 4.7 | 3.6 | -10.4% |
Japan | 13.6 | N/A | 0.5 | 2.6 | -42.4% |
Ukraine | 12.3 | 0.6 | 1.7 | 2.3 | -42.8% |
Russia | 5.0 | 0.3 | 19.4 | 1.1 | -39.6% |
Others | 0.7 | 0.1 | 1.7 | 1.4 | 26.0% |
Total | 177 | 57.0 | 117 | 178 | 0.2% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to the United States in 2022:
- Czech Republic (1129.6 tons)
- Canada (1050.5 tons)
- Austria (1016.2 tons)
- Latvia (104.0 tons)
- Japan (102.6 tons)
- Ukraine (65.3 tons)
- Russia (27.4 tons)
Ferro-Alloys; Ferro-Vanadium Exports in the United States
In 2022, ferro-alloys; ferro-vanadium exports from the United States contracted to 762 tons, declining by -4.5% against the previous year. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 119% against the previous year.
In value terms, ferro-alloys; ferro-vanadium exports shrank modestly to $20M in 2022. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 99% against the previous year.
Export of Ferro-Alloys; Ferro-Vanadium in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 22.0 | 6.0 | 15.0 | 15.1 | -11.8% |
Netherlands | N/A | 1.7 | 0.8 | 3.2 | 37.2% |
Mexico | 8.2 | 1.4 | 4.0 | 1.3 | -45.9% |
India | 0.3 | 0.4 | N/A | 0.2 | -12.6% |
Others | 0.8 | 1.1 | 1.1 | 0.2 | -37.0% |
Total | 31.3 | 10.5 | 20.9 | 20.0 | -13.9% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from the United States in 2022:
- Canada (546.3 tons)
- Netherlands (147.0 tons)
- Mexico (50.6 tons)
- India (7.6 tons)
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From 2015 to 2023, the growth of Ferro-Alloys imports remained at a lower figure. In value terms, Ferro-Alloys imports reduced markedly to $2.9B in 2023.
From January 2023 to November 2023, the import growth of Ferro-Alloys remained at a slightly lower figure. In terms of value, Ferro-Alloys imports witnessed a significant decline, reaching $171M in November 2023.
In May 2022, the ferro-silicon price per ton amounted to $2,570 (CIF, US), falling by -31% against the previous month.
In 2021, the average import price for ferro-silicon in the U.S. totaled $2,284 per ton, increasing by 85% compared to the figure of 2020.
Imports of Ferro Manganese sharply declined to $24M in May 2023 in terms of value.
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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