Northern America: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Northern America

In 2023, after two years of growth, there was significant decline in the North American ferro-alloys market, when its value decreased by X% to $X. The total consumption indicated measured 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Ferro-Alloys Production in Northern America

In value terms, ferro-alloys production expanded to $X in 2023 estimated in export price. Over the period under review, production posted a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports in Northern America

After two years of growth, overseas shipments of ferro-alloys decreased by X% to X tons in 2023. In general, exports showed a slight downturn. The pace of growth appeared 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 reduced sharply in the following year.

In value terms, ferro-alloys exports reduced 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 most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then contracted in the following year.

Exports by Country

The United States was the major exporting country with an export of about X tons, which recorded 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, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023.

Among the main exporting countries, Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $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

In 2023, after two years of growth, there was significant decline in supplies from abroad of ferro-alloys, when their volume decreased by X% to X tons. Over the period under review, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. 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 reduced markedly to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

The United States was the major importer of ferro-alloys in Northern America, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), creating 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 ($X) constitutes the largest market for imported ferro-alloys in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($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, declining by X% against the previous year. Import price indicated a pronounced expansion 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-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 fell 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 amounted to $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