Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States - 2023
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (CIF) - 2022
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (FOB) - 2022
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States
- Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (CIF) - 2022
The average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price stood at $28,776 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 22%. The import price peaked at $34,724 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Estonia ($31,945 per ton) and Mexico ($28,412 per ton), while the price for Russia ($28,197 per ton) and Vietnam ($28,239 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (FOB) - 2022
In 2022, the average ferro-alloys; ferro-tungsten and ferro-silico-tungsten export price amounted to $24,843 per ton, picking up by 64% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices hit record highs at $44,646 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Canada ($86,827 per ton), while the average price for exports to the Netherlands stood at $21,281 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.7%), while the prices for the other major destinations experienced a decline.
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States
In 2022, the amount of ferro-alloys; ferro-tungsten and ferro-silico-tungstens imported into the United States reduced rapidly to 70 tons, dropping by -15.1% compared with the year before. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 115%.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports fell slightly to $2M in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 86%.
Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 329 | N/A | 671 | 1,214 | 54.5% |
Russia | 939 | 531 | 171 | 338 | -28.9% |
Estonia | N/A | N/A | N/A | 320 | 0% |
Mexico | N/A | N/A | N/A | 137 | 0% |
South Korea | 832 | 284 | N/A | N/A | -65.9% |
Switzerland | 230 | N/A | N/A | N/A | 0% |
China | 481 | N/A | N/A | N/A | 0% |
Austria | N/A | N/A | 1,182 | N/A | 0% |
Ukraine | 148 | 275 | N/A | N/A | 85.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,959 | 1,090 | 2,025 | 2,010 | -12.1% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to the United States in 2022:
- Vietnam (43.0 tons)
- Russia (12.0 tons)
- Estonia (10.0 tons)
- Mexico (4.8 tons)
Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States
After three years of growth, overseas shipments of ferro-alloys; ferro-tungsten and ferro-silico-tungstens decreased by -68.5% to 16 tons in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 216% against the previous year. As a result, the exports reached the peak of 50 tons, and then fell rapidly in the following year.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten exports shrank markedly to $390K in 2022. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 216% against the previous year. As a result, the exports attained the peak of $754K, and then fell sharply in the following year.
Export of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 92.6 | N/A | 208 | 166 | 21.5% |
Canada | 65.4 | 204 | 207 | 8.0 | -50.4% |
Democratic Republic of the Congo | N/A | 16.1 | N/A | N/A | 0% |
India | N/A | 8.4 | 19.9 | N/A | 136.9% |
Others | 135 | 9.9 | 319 | 216 | 17.0% |
Total | 293 | 239 | 754 | 390 | 10.0% |
Top Export Markets for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten from the United States in 2022:
- Netherlands (7.8 tons)
- Canada (0.1 tons)
This report provides an in-depth analysis of the ferro-alloys market in the U.S..
This report provides an in-depth analysis of the miscellaneous ferro-alloys market in the U.S..
This report provides an in-depth analysis of the ferro-chromium market in the U.S..
This report provides an in-depth analysis of the ferro-silicon market in the U.S..
This report provides an in-depth analysis of the ferro-manganese market in the U.S..
This report provides an in-depth analysis of the ferro-titanium and ferro-silico-titanium market in the U.S..
This report provides an in-depth analysis of the ferro-silico-manganese market in the U.S..
This report provides an in-depth analysis of the ferro-molybdenum market in the U.S..
This report provides an in-depth analysis of the global ferro-alloys market.
This report provides an in-depth analysis of the global miscellaneous ferro-alloys market.
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
Discover the top import markets for Ferro-Chromium and their impact on the global market. Learn about the key players driving demand for this essential alloy.
Explore the top import markets for ferro-silicon and delve into the key statistics and numbers behind these markets. Learn about the demand drivers and trends in these key markets.