Asia-Pacific: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Asia-Pacific

The Asia-Pacific ferro-alloys market rose sharply to $X in 2023, surging by X% against the previous year. The market 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 level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Ferro-Alloys Production in Asia-Pacific

In value terms, ferro-alloys production expanded markedly to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Ferro-Alloys Exports

Exports in Asia-Pacific

In 2023, shipments abroad of ferro-alloys decreased by X% to X tons for the first time since 2015, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then declined sharply in the following year.

In value terms, ferro-alloys exports fell remarkably to $X in 2023. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

Indonesia represented the major exporter of ferro-alloys in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. India (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons) and China (X tons). All these countries together held near X% share of total exports. 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 an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: 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, declining by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded 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 dramatically in the following year.

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

For the fifth consecutive year, Asia-Pacific recorded growth in overseas purchases of ferro-alloys, which increased by X% to X tons in 2023. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-alloys imports amounted to $X in 2023. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Indonesia (X%). The following importers - Taiwan (Chinese) (X tons) and India (X tons) - each recorded a X% share of total imports.

China was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) and India (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while India, Taiwan (Chinese), South Korea and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: 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, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted dramatically 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