Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya - 2022
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya (CIF) - 2022
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya (CIF) - 2022
The average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price stood at $25,167 per ton in 2022, waning by -23.7% against the previous year. Over the period under review, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. As a result, import price reached the peak level of $41,351 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +9.2% per year.
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya
In 2022, supplies from abroad of ferro-alloys; ferro-tungsten and ferro-silico-tungstens was finally on the rise to reach 6 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a precipitous descent.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports declined to $151 in 2022. Overall, imports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 6.2 | 0.1 | 0.2 | 0.2 | -68.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 6.2 | 0.1 | 0.2 | 0.2 | -68.2% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to Kenya in 2022:
- South Africa (6.0 kg)
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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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