Ferro-Alloys; Ferro-Vanadium Price in the United States - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in the United States (CIF) - 2023
- Ferro-Alloys; Ferro-Vanadium Price in the United States (FOB) - 2023
- Ferro-Alloys; Ferro-Vanadium Imports in the United States
- Ferro-Alloys; Ferro-Vanadium Exports in the United States
Ferro-Alloys; Ferro-Vanadium Price in the United States (CIF) - 2023
In August 2023, the average ferro-alloys; ferro-vanadium import price amounted to $27,090 per ton, waning by -4.6% against the previous month. In general, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in May 2023 an increase of 31% against the previous month. Over the period under review, average import prices reached the peak figure at $55,511 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($28,397 per ton), while the price for Austria amounted to $26,616 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (-1.8%), while the prices for the other major suppliers experienced a decline.
Ferro-Alloys; Ferro-Vanadium Price in the United States (FOB) - 2023
In August 2023, the average ferro-alloys; ferro-vanadium export price amounted to $19,463 per ton, dropping by -38% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 67% m-o-m. As a result, the export price reached the peak level of $35,336 per ton. From October 2022 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Canada ($29,083 per ton), while the average price for exports to the Netherlands amounted to $14,666 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Vanadium Imports in the United States
In 2022, the amount of ferro-alloys; ferro-vanadia imported into the United States fell slightly to 3.5K tons, which is down by -2% against the year before. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year.
In value terms, ferro-alloys; ferro-vanadium imports surged to $178M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 106%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Ferro-Alloys; Ferro-Vanadium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 30.6 | 11.5 | 20.0 | 56.9 | 23.0% |
| Czech Republic | 59.3 | 21.2 | 37.2 | 56.0 | -1.9% |
| Canada | 50.8 | 22.3 | 32.0 | 54.1 | 2.1% |
| Latvia | 5.0 | 1.0 | 4.7 | 3.6 | -10.4% |
| Japan | 13.6 | N/A | 0.5 | 2.6 | -42.4% |
| Ukraine | 12.3 | 0.6 | 1.7 | 2.3 | -42.8% |
| Russia | 5.0 | 0.3 | 19.4 | 1.1 | -39.6% |
| Others | 0.7 | 0.1 | 1.7 | 1.4 | 26.0% |
| Total | 177 | 57.0 | 117 | 178 | 0.2% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to the United States in 2022:
- Czech Republic (1129.6 tons)
- Canada (1050.5 tons)
- Austria (1016.2 tons)
- Latvia (104.0 tons)
- Japan (102.6 tons)
- Ukraine (65.3 tons)
- Russia (27.4 tons)
Ferro-Alloys; Ferro-Vanadium Exports in the United States
In 2022, ferro-alloys; ferro-vanadium exports from the United States contracted to 762 tons, declining by -4.5% against the previous year. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 119% against the previous year.
In value terms, ferro-alloys; ferro-vanadium exports shrank modestly to $20M in 2022. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 99% against the previous year.
| Export of Ferro-Alloys; Ferro-Vanadium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 22.0 | 6.0 | 15.0 | 15.1 | -11.8% |
| Netherlands | N/A | 1.7 | 0.8 | 3.2 | 37.2% |
| Mexico | 8.2 | 1.4 | 4.0 | 1.3 | -45.9% |
| India | 0.3 | 0.4 | N/A | 0.2 | -12.6% |
| Others | 0.8 | 1.1 | 1.1 | 0.2 | -37.0% |
| Total | 31.3 | 10.5 | 20.9 | 20.0 | -13.9% |
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from the United States in 2022:
- Canada (546.3 tons)
- Netherlands (147.0 tons)
- Mexico (50.6 tons)
- India (7.6 tons)
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