Central Asia: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Central Asia

The Central Asian ferro-silicon market soared to $X in 2023, increasing by X% against the previous year. Overall, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Ferro-Silicon Production in Central Asia

In value terms, ferro-silicon production expanded significantly to $X in 2023 estimated in export price. Overall, production, however, saw significant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ferro-Silicon Exports

Exports in Central Asia

In 2023, overseas shipments of ferro-silicon decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, ferro-silicon exports dropped to $X in 2023. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together resulting at X% of total export.

Kazakhstan was also the fastest-growing in terms of the ferro-silicon exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ferro-silicon supplier in Central Asia.

In Kazakhstan, ferro-silicon exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, dropping by X% against the previous year. Export price indicated moderate 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-silicon export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Ferro-Silicon Imports

Imports in Central Asia

Ferro-silicon imports skyrocketed to X tons in 2023, with an increase of X% on the year before. Over the period under review, imports, however, saw a noticeable descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-silicon imports soared to $X in 2023. Overall, imports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Kazakhstan was the key importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Uzbekistan (X tons), Mongolia (X tons) and Turkmenistan (X tons), together achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-silicon imports into Kazakhstan stood at X%. At the same time, Mongolia (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.), Mongolia (X p.p.) and Turkmenistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest ferro-silicon importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), together accounting for X% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform