Ferro-Alloys; Ferro-Nickel Price in Brazil - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in Brazil (FOB) - 2023
- Ferro-Alloys; Ferro-Nickel Price in Brazil (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Exports in Brazil
- Ferro-Alloys; Ferro-Nickel Imports in Brazil
Ferro-Alloys; Ferro-Nickel Price in Brazil (FOB) - 2023
In July 2023, the average ferro-alloys; ferro-nickel export price amounted to $3,239 per ton, falling by -20.1% against the previous month. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices reached the maximum at $5,015 per ton in August 2022; however, from September 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($3,753 per ton), while the average price for exports to Finland ($2,406 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.9%), while the prices for the other major destinations experienced a decline.
Ferro-Alloys; Ferro-Nickel Price in Brazil (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $14,561,313 per ton, picking up by 291,044% against the previous year. In general, the import price showed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($45,572,044 per ton), while the price for China stood at $12,982,063 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+97.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Exports in Brazil
In 2022, the amount of ferro-alloys; ferro-nickels exported from Brazil skyrocketed to 246K tons, growing by 37% compared with 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-nickel exports skyrocketed to $919M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Nickel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 191 | 200 | 156 | 259 | 10.7% |
| United States | 52.6 | 62.4 | 84.8 | 114 | 29.4% |
| Italy | 28.9 | 28.1 | 48.5 | 62.6 | 29.4% |
| Spain | 20.8 | 29.3 | 48.0 | 56.5 | 39.5% |
| South Korea | 34.5 | 34.2 | 40.4 | 45.0 | 9.3% |
| South Africa | 10.4 | 23.5 | 34.1 | 29.9 | 42.2% |
| United Kingdom | N/A | 2.5 | 9.5 | 24.0 | 209.8% |
| Belgium | 24.1 | 5.7 | 4.9 | 8.2 | -30.2% |
| Others | 183 | 156 | 247 | 319 | 20.4% |
| Total | 545 | 541 | 673 | 919 | 19.0% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from Brazil in 2022:
- China (78.5K tons)
- Italy (17.1K tons)
- Spain (16.5K tons)
- South Korea (12.7K tons)
- United States (9.1K tons)
- South Africa (8.5K tons)
- United Kingdom (7.4K tons)
- Belgium (2.6K tons)
Ferro-Alloys; Ferro-Nickel Imports in Brazil
In 2022, overseas purchases of ferro-alloys; ferro-nickels decreased by 99.9% to 227 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,551,534%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-nickel imports shrank to $3.3M in 2022. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 289,625%. As a result, imports attained the peak of $7.7M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Ferro-Alloys; Ferro-Nickel in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.8 | 0% |
| United States | N/A | N/A | N/A | 0.5 | 0% |
| Dominican Republic | N/A | 6.9 | 3.3 | N/A | -52.2% |
| Guatemala | N/A | 0.7 | N/A | N/A | 0% |
| North Macedonia | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 7.7 | 3.8 | 3.3 | -34.5% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to Brazil in 2022:
- China (216.0 kg)
- United States (11.0 kg)
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