Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan - 2023
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (CIF) - 2023
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (FOB) - 2022
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan
- Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (CIF) - 2023
In July 2023, the average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price amounted to $30,164 per ton, approximately equating the previous month. Over the period under review, the import price, however, showed a mild decline. The pace of growth appeared the most rapid in March 2023 an increase of 9% m-o-m. The import price peaked at $33,907 per ton in July 2022; however, from August 2022 to July 2023, 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 July 2023, the rate of growth in terms of prices for Russia amounted to 0.0% per month.
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (FOB) - 2022
The average ferro-alloys; ferro-tungsten and ferro-silico-tungsten export price stood at $53,788 per ton in 2022, jumping by 18% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys; ferro-tungsten and ferro-silico-tungsten export price increased by +18.3% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 73%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($56,400 per ton), while the average price for exports to the United Arab Emirates ($2,199 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 Thailand (+7.0%).
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan
In 2022, approx. 695 tons of ferro-alloys; ferro-tungsten and ferro-silico-tungstens were imported into Japan; declining by -5.5% compared with 2021 figures. Overall, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 4.5% against the previous year.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports skyrocketed to $22M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.1 | 12.7 | 15.6 | 20.8 | 11.3% |
| Russia | 4.5 | 4.5 | 2.8 | 1.4 | -32.2% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 19.6 | 17.1 | 18.4 | 22.2 | 4.2% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to Japan in 2022:
- China (653.2 tons)
- Russia (42.1 tons)
Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan
In 2022, overseas shipments of ferro-alloys; ferro-tungsten and ferro-silico-tungstens decreased by -73.8% to 1 tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 201%. As a result, the exports reached the peak of 5.9 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten exports plummeted to $55K in 2022. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year. As a result, the exports reached the peak of $267K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 89.0 | 256 | 178 | 46.0 | -19.7% |
| Thailand | N/A | 10.9 | N/A | 9.1 | -8.6% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 89.0 | 267 | 178 | 55.1 | -14.8% |
Top Export Markets for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten from Japan in 2022:
- Taiwan (Chinese) (815.0 kg)
- Thailand (168.0 kg)
- United Arab Emirates (42.0 kg)
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