Indonesia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Indonesia

The Indonesian ferro-alloys market stood at $X in 2023, surging by X% against the previous year. Overall, consumption saw a buoyant expansion. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Ferro-Alloys Production in Indonesia

In value terms, ferro-alloys production contracted markedly to $X in 2023 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. As a result, production attained the peak level of $X, and then declined notably in the following year.

Ferro-Alloys Exports

Exports from Indonesia

In 2023, after four years of growth, there was significant decline in overseas shipments of ferro-alloys, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2022, and then declined notably in the following year.

In value terms, ferro-alloys exports declined sharply to $X in 2023. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced rapidly in the following year.

Exports by Country

China (X tons) was the main destination for ferro-alloys exports from Indonesia, accounting for a X% share of total exports. It was followed by India (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for ferro-alloys exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Ferro-Alloys Imports

Imports into Indonesia

Ferro-alloys imports into Indonesia soared to X tons in 2023, jumping by X% compared with 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, ferro-alloys imports rose to $X in 2023. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa (X tons), India (X tons) and China (X tons) were the main suppliers of ferro-alloys imports to Indonesia, together accounting for X% of total imports. Kazakhstan, Russia, Finland, Malaysia, South Korea, Ukraine and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-alloys suppliers to Indonesia were China ($X), South Africa ($X) and India ($X), together comprising X% of total imports. South Korea, Kazakhstan, Russia, Malaysia, Finland, Ukraine and Oman lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average ferro-alloys import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated perceptible 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Finland ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform