Ferro-Alloys; Ferro-Silico-Chromium Price in Hungary - 2022
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in Hungary (CIF) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Imports in Hungary
Ferro-Alloys; Ferro-Silico-Chromium Price in Hungary (CIF) - 2022
In 2022, the average ferro-alloys; ferro-silico-chromium import price amounted to $3,512 per ton, approximately mirroring the previous year. Overall, the import price faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 228% against the previous year. Over the period under review, average import prices hit record highs at $112,793 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,824 per ton), while the price for the UK totaled $3,451 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-25.3%).
Ferro-Alloys; Ferro-Silico-Chromium Imports in Hungary
In 2022, after two years of decline, there was significant decline in purchases abroad of ferro-alloys; ferro-silico-chromia, when their volume decreased by -39% to 9 tons. Overall, imports, however, showed a significant expansion.
In value terms, ferro-alloys; ferro-silico-chromium imports shrank markedly to $32K in 2022. In general, imports, however, saw significant growth.
Import of Ferro-Alloys; Ferro-Silico-Chromium in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.9 | N/A | 51.6 | 26.0 | 206.8% |
Netherlands | N/A | N/A | 0.3 | 5.6 | 1766.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.9 | N/A | 51.9 | 31.6 | 227.5% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to Hungary in 2022:
- United Kingdom (7.5 tons)
- Netherlands (1.5 tons)
This report provides an in-depth analysis of the ferro-alloys market in Hungary.
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This report provides an in-depth analysis of the global ferro-alloys market.
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China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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In value terms, ferro-chromium exports totaled $9B in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +1.2% over the last eleven years.