Europe: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Europe

In 2023, the Europe ferro-silico-manganese market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The total consumption indicated slight growth 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. Over the period under review, the market attained the peak level at $X in 2022, and then dropped in the following year.

Ferro-Silico-Manganese Production in Europe

In value terms, ferro-silico-manganese production expanded sharply to $X in 2023 estimated in export price. The total production indicated a modest 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 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Ferro-Silico-Manganese Exports

Exports in Europe

In 2023, the amount of ferro-silico-manganese exported in Europe reached X tons, approximately equating the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, ferro-silico-manganese exports shrank significantly to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) and Norway (X tons) represented the key exporters of ferro-silico-manganese in 2023, reaching near X% and X% of total exports, respectively. It was distantly followed by Poland (X tons), the Netherlands (X tons) and Italy (X tons), together constituting a X% share of total exports. The following exporters - France (X tons) and Russia (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Ukraine ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced rapidly in the following year.

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 Russia ($X per ton), while Ukraine ($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 mixed trends in the export price figures.

Ferro-Silico-Manganese Imports

Imports in Europe

In 2023, purchases abroad of ferro-silico-manganese decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2023.

In value terms, ferro-silico-manganese imports declined markedly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted sharply in the following year.

Imports by Country

The countries with the highest levels of ferro-silico-manganese imports in 2023 were Italy (X tons), Poland (X tons), Germany (X tons), Russia (X tons) and the Netherlands (X tons), together accounting for X% of total import. It was distantly followed by Spain (X tons), creating a X% share of total imports. France (X tons), the UK (X tons), the Czech Republic (X tons), Luxembourg (X tons), Belarus (X tons) and Austria (X tons) took a little share 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Russia ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Poland, the Netherlands, Spain, France, the UK, Belarus, the Czech Republic, Luxembourg and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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 Europe stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped notably in the following year.

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 Russia ($X per ton), while Poland ($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.

Source: IndexBox Platform