Ferro-Alloys; Ferro-Niobium Price in South Africa - 2023
Contents:
- Ferro-Alloys; Ferro-Niobium Price in South Africa (CIF) - 2023
- Ferro-Alloys; Ferro-Niobium Price in South Africa (FOB) - 2022
- Ferro-Alloys; Ferro-Niobium Imports in South Africa
- Ferro-Alloys; Ferro-Niobium Exports in South Africa
Ferro-Alloys; Ferro-Niobium Price in South Africa (CIF) - 2023
The average ferro-alloys; ferro-niobium import price stood at $29,756 per ton in September 2023, waning by -4.6% against the previous month. Overall, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, ferro-alloys; ferro-niobium import price decreased by -36.1% against July 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 39% m-o-m. As a result, import price attained the peak level of $46,569 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($31,764 per ton), while the price for Brazil ($28,621 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Niobium Price in South Africa (FOB) - 2022
In 2022, the average ferro-alloys; ferro-niobium export price amounted to $25,253 per ton, surging by 56% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2014 an increase of 1,332% against the previous year. As a result, the export price reached the peak level of $28,867 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($25,419 per ton), while the average price for exports to Germany amounted to $25,117 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.2%), while the prices for the other major destinations experienced mixed trend patterns.
Ferro-Alloys; Ferro-Niobium Imports in South Africa
Ferro-alloys; ferro-niobium imports into South Africa rose significantly to 855 tons in 2022, with an increase of 12% compared with the year before. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium imports soared to $22M in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Alloys; Ferro-Niobium in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.3 | 7.3 | 9.9 | 9.7 | -5.0% |
| Canada | 5.8 | 6.0 | 4.9 | 7.6 | 9.4% |
| Germany | N/A | N/A | 0.1 | 2.3 | 2200.0% |
| Netherlands | 1.0 | N/A | 1.5 | 2.2 | 30.1% |
| Others | 1.2 | 0.3 | 0.1 | 0.1 | -56.3% |
| Total | 19.3 | 13.7 | 16.5 | 21.9 | 4.3% |
Top Suppliers of Ferro-Alloys; Ferro-Niobium to South Africa in 2022:
- Brazil (403.1 tons)
- Canada (275.1 tons)
- Germany (100.0 tons)
- Netherlands (73.0 tons)
Ferro-Alloys; Ferro-Niobium Exports in South Africa
In 2022, ferro-alloys; ferro-niobium exports from South Africa skyrocketed to 12 tons, rising by 121% compared with the year before. Overall, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-niobium exports skyrocketed to $304K in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Niobium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 134 | 16.0 | 33.3 | 166 | 7.4% |
| Netherlands | N/A | 16.9 | 43.2 | 138 | 185.8% |
| United Kingdom | 5.5 | N/A | 11.2 | N/A | 42.7% |
| Others | N/A | 2.7 | N/A | N/A | 0% |
| Total | 140 | 35.6 | 87.8 | 304 | 29.5% |
Top Export Markets for Ferro-Alloys; Ferro-Niobium from South Africa in 2022:
- Germany (6.6 tons)
- Netherlands (5.4 tons)
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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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