Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India - 2023
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (CIF) - 2023
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (FOB) - 2022
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India
- Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (CIF) - 2023
The average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price stood at $25,276 per ton in July 2023, with a decrease of -31.7% against the previous month. Overall, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in October 2022 an increase of 2.7% against the previous month. Over the period under review, average import prices hit record highs at $37,000 per ton in June 2023, and then declined dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for Hong Kong SAR amounted to 0.0% per month.
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (FOB) - 2022
In 2022, the average ferro-alloys; ferro-tungsten and ferro-silico-tungsten export price amounted to $17,550 per ton, reducing by -11.6% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2013 when the average export price increased by 258% against the previous year. As a result, the export price attained the peak level of $35,733 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($75,634 per ton), while the average price for exports to Nepal ($3,437 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+60.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India
For the fourth year in a row, India recorded growth in supplies from abroad of ferro-alloys; ferro-tungsten and ferro-silico-tungstens, which increased by 161% to 32 tons in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports skyrocketed to $911K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 26.6 | 61.2 | 98.7 | 256 | 112.7% |
| China | 20.7 | 66.0 | 95.2 | 251 | 129.7% |
| Hong Kong SAR | 17.8 | 45.0 | 80.0 | 250 | 141.3% |
| Brazil | 11.6 | 25.2 | 38.2 | 93.2 | 100.3% |
| United States | 0.7 | 1.8 | 1.7 | 33.9 | 264.5% |
| Belgium | N/A | 45.4 | N/A | N/A | 0% |
| Others | 49.8 | 9.0 | 16.0 | 26.2 | -19.3% |
| Total | 127 | 253 | 330 | 911 | 92.9% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to India in 2022:
- China (9.8 tons)
- Hong Kong SAR (7.3 tons)
- Brazil (7.0 tons)
- Netherlands (6.2 tons)
- United States (0.9 tons)
Exports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India
Ferro-alloys; ferro-tungsten and ferro-silico-tungsten exports from India totaled 1 tons in 2022, leveling off at 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 2.9%. As a result, the exports reached the peak of 1 tons; afterwards, it flattened through to 2022.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten exports fell to $18K in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 28%.
| Export of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.0 | 7.4 | 8.6 | 7.1 | -16.0% |
| Russia | 2.0 | 1.6 | 2.3 | 3.2 | 17.0% |
| Finland | 3.1 | 2.0 | 2.4 | 2.1 | -12.2% |
| South Africa | 0.9 | 0.4 | 0.6 | 0.5 | -17.8% |
| Nepal | 0.6 | 0.1 | 0.2 | 0.2 | -30.7% |
| Others | 5.5 | 3.9 | 5.7 | 4.4 | -7.2% |
| Total | 24.1 | 15.4 | 19.7 | 17.6 | -9.9% |
Top Export Markets for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten from India in 2022:
- Netherlands (789.0 kg)
- Russia (56.0 kg)
- Nepal (54.0 kg)
- Finland (27.0 kg)
- South Africa (17.0 kg)
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In October 2022, the ferro-manganese price amounted to $1,148 per ton (FOB, India), declining by -9.9% against the previous month.
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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.
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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.
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