Northern America: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Northern America

In 2023, the North American ferro-alloys market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a moderate increase 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Ferro-Alloys Production in Northern America

In value terms, ferro-alloys production expanded modestly to $X in 2023 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Ferro-Alloys Exports

Exports in Northern America

In 2023, after two years of growth, there was significant decline in shipments abroad of ferro-alloys, when their volume decreased by X% to X tons. In general, exports recorded a slight reduction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, ferro-alloys exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The United States represented the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Canada (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the largest ferro-alloys supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Ferro-Alloys Imports

Imports in Northern America

After two years of growth, supplies from abroad of ferro-alloys decreased by X% to X tons in 2023. Over the period under review, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, ferro-alloys imports dropped significantly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, the United States (X tons) represented the key importer of ferro-alloys, comprising X% of total imports. It was distantly followed by Canada (X tons), mixing up an X% share of total imports.

The United States was also the fastest-growing in terms of the ferro-alloys imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported ferro-alloys in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

In the United States, ferro-alloys imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, waning by X% against the previous year. Import price indicated a noticeable increase 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-alloys 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%. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform