Eastern Europe: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Eastern Europe

In 2023, after three years of growth, there was decline in the East European ferro-silicon market, when its value decreased by X% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2022, and then contracted in the following year.

Ferro-Silicon Production in Eastern Europe

In value terms, ferro-silicon production skyrocketed to $X in 2023 estimated in export price. The total production indicated a slight expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ferro-Silicon Exports

Exports in Eastern Europe

In 2023, the amount of ferro-silicon exported in Eastern Europe stood at X tons, almost unchanged from 2022. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports contracted dramatically to $X in 2023. In general, exports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced markedly in the following year.

Exports by Country

In 2023, Russia (X tons) was the largest exporter of ferro-silicon, generating X% of total exports. It was distantly followed by Poland (X tons), committing a X% share of total exports. Slovakia (X tons), the Czech Republic (X tons) and Bulgaria (X tons) held a minor share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) and Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia and Bulgaria increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ferro-silicon supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

In Russia, ferro-silicon exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then reduced rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Ferro-Silicon Imports

Imports in Eastern Europe

In 2023, purchases abroad of ferro-silicon decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. 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 hit record highs at X tons in 2022, and then fell rapidly in the following year.

In value terms, ferro-silicon imports dropped dramatically to $X in 2023. In general, imports, however, saw a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Poland (X tons) and Russia (X tons) were the key importers of ferro-silicon in 2023, accounting for near X% and X% of total imports, respectively. The Czech Republic (X tons) took the next position in the ranking, followed by Slovakia (X tons) and Bulgaria (X tons). All these countries together held approx. X% share of total imports. The following importers - Romania (X tons) and Ukraine (X tons) - together made up X% of total imports.

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

In value terms, the largest ferro-silicon importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for X% of total imports. Slovakia, Bulgaria, Romania and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, recorded 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

The import price in Eastern Europe stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-silicon import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Slovakia ($X per ton) and Poland ($X per ton), while Bulgaria ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform