Scandinavia: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Scandinavia

In 2023, the Scandinavia ferro-silicon market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a prominent increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Ferro-Silicon Production in Scandinavia

In value terms, ferro-silicon production expanded slightly to $X in 2023 estimated in export price. The total production indicated strong growth 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 2013 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ferro-Silicon Exports

Exports in Scandinavia

In 2023, exports of ferro-silicon in Scandinavia reduced remarkably to X tons, declining by X% on the previous year. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, ferro-silicon exports shrank sharply to $X in 2023. Overall, exports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Norway prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Sweden (X tons), comprising a X% share of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of ferro-silicon. Sweden (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest ferro-silicon supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

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

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, which is down by X% against the previous year. Export price indicated a pronounced increase 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 export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway amounted to $X per ton.

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

Ferro-Silicon Imports

Imports in Scandinavia

In 2023, purchases abroad of ferro-silicon decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a slight curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ferro-silicon imports declined dramatically to $X in 2023. In general, imports, however, showed a mild expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then fell remarkably in the following year.

Imports by Country

Sweden (X tons) and Finland (X tons) dominates imports structure, together committing X% of total imports. Norway (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest ferro-silicon importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell rapidly 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 Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform