Asia-Pacific: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Asia-Pacific

For the fourth consecutive year, the Asia-Pacific ferro-alloys market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Ferro-Alloys Production in Asia-Pacific

In value terms, ferro-alloys production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then reduced in the following year.

Ferro-Alloys Exports

Exports in Asia-Pacific

In 2023, after seven years of growth, there was significant decline in overseas shipments of ferro-alloys, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then contracted sharply in the following year.

In value terms, ferro-alloys exports contracted markedly to $X in 2023. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then shrank sharply in the following year.

Exports by Country

In 2023, Indonesia (X tons) represented the main exporter of ferro-alloys, achieving X% of total exports. India (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and China (X%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest ferro-alloys supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Indonesia, ferro-alloys exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Ferro-Alloys Imports

Imports in Asia-Pacific

In 2023, approx. X tons of ferro-alloys were imported in Asia-Pacific; increasing by X% against the previous year. Over the period under review, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys imports stood at $X in 2023. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X tons), South Korea (X tons) and Indonesia (X tons), together making up a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and India (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-alloys imports into China stood at X%. At the same time, Indonesia (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Indonesia increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported ferro-alloys in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, ferro-alloys imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform