CIS: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in CIS

After two years of growth, the CIS ferro-alloys market decreased by X% to $X in 2023. In general, consumption enjoyed temperate growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Ferro-Alloys Production in CIS

In value terms, ferro-alloys production dropped to $X in 2023 estimated in export price. The total production indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then fell in the following year.

Ferro-Alloys Exports

Exports in CIS

In 2023, exports of ferro-alloys in the CIS dropped to X tons, which is down by X% compared with the previous year. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ferro-alloys exports contracted to $X in 2023. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Kazakhstan (X tons) was the key exporter of ferro-alloys, mixing up X% of total exports. It was distantly followed by Russia (X tons), making up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ferro-alloys exports from Kazakhstan stood at X%. Russia (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) and Russia ($X) were the countries with the highest levels of exports in 2023.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price 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, ferro-alloys export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Ferro-Alloys Imports

Imports in CIS

In 2023, approx. X tons of ferro-alloys were imported in the CIS; surging by X% on 2022. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, ferro-alloys imports expanded slightly to $X in 2023. Overall, imports enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia represented the key importer of ferro-alloys in the CIS, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Belarus (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%). The following importers - Azerbaijan (X tons), Kazakhstan (X tons) and Armenia (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-alloys imports into Russia stood at X%. At the same time, Uzbekistan (X%), Armenia (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan and Belarus increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ferro-alloys in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, ferro-alloys imports 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: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then shrank modestly in the following year.

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

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

Source: IndexBox Platform