Ferro-Alloys; Ferro-Silico-Chromium Price in Russia - 2022
Contents:
- Ferro-Alloys; Ferro-Silico-Chromium Price in Russia (FOB) - 2021
- Ferro-Alloys; Ferro-Silico-Chromium Price in Russia (CIF) - 2022
- Ferro-Alloys; Ferro-Silico-Chromium Exports in Russia
- Ferro-Alloys; Ferro-Silico-Chromium Imports in Russia
Ferro-Alloys; Ferro-Silico-Chromium Price in Russia (FOB) - 2021
The average ferro-alloys; ferro-silico-chromium export price stood at $1,724 per ton in October 2021, approximately equating the previous month. In general, the export price enjoyed a notable expansion. The growth pace was the most rapid in April 2021 an increase of 4.7% against the previous month. The export price peaked at $1,836 per ton in August 2021; however, from September 2021 to October 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From October 2020 to October 2021, the rate of growth in terms of prices for South Korea amounted to +2.0% per month.
Ferro-Alloys; Ferro-Silico-Chromium Price in Russia (CIF) - 2022
In January 2022, the average ferro-alloys; ferro-silico-chromium import price amounted to $3,893 per ton, picking up by 3% against the previous month. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in December 2021 when the average import price increased by 44% against the previous month. Over the period under review, average import prices reached the maximum in January 2022.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +8.6% per month.
Ferro-Alloys; Ferro-Silico-Chromium Exports in Russia
In 2022, ferro-alloys; ferro-silico-chromium exports from Russia surged to 3.9K tons, increasing by 49% on the previous year. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 8,126% against the previous year. As a result, the exports reached the peak of 5.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ferro-alloys; ferro-silico-chromium exports soared to $4.6M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 5,907% against the previous year. As a result, the exports attained the peak of $6.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Ferro-Alloys; Ferro-Silico-Chromium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.1 | N/A | N/A | 4.6 | 258.3% |
| South Korea | N/A | 6.1 | 3.1 | N/A | -49.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 6.2 | 3.1 | 4.6 | 258.3% |
Top Export Markets for Ferro-Alloys; Ferro-Silico-Chromium from Russia in 2022:
- Belarus (3.9K tons)
Ferro-Alloys; Ferro-Silico-Chromium Imports in Russia
In 2022, the amount of ferro-alloys; ferro-silico-chromia imported into Russia reduced sharply to 2.9K tons, declining by -30.9% on the previous year's figure. Over the period under review, imports recorded a sharp reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 162%.
In value terms, ferro-alloys; ferro-silico-chromium imports reduced markedly to $3.6M in 2022. Overall, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 137%.
| Import of Ferro-Alloys; Ferro-Silico-Chromium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 8.1 | 2.2 | 5.1 | 3.6 | -23.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.1 | 2.2 | 5.1 | 3.6 | -23.7% |
Top Suppliers of Ferro-Alloys; Ferro-Silico-Chromium to Russia in 2022:
- Kazakhstan (2.9K tons)
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This report provides an in-depth analysis of the ferro-chromium market in the Russian Federation.
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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.
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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.
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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.
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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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Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
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