Global Ferro-Silicon Market Report 2024 - Prices, Size, Forecast, and Companies

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After two years of growth, the global ferro-silicon market decreased by X% to $X in 2023. In general, consumption, however, enjoyed a moderate increase. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

In value terms, ferro-silicon production reduced rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a measured expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

After two years of growth, overseas shipments of ferro-silicon decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2022, and then fell modestly in the following year.

In value terms, ferro-silicon exports shrank dramatically to $X in 2023. In general, exports, however, saw temperate growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked at $X in 2022, and then shrank significantly in the following year.

In 2023, China (X tons), distantly followed by Russia (X tons), Norway (X tons), Malaysia (X tons), Brazil (X tons), Kazakhstan (X tons), the Netherlands (X tons) and Bhutan (X tons) represented the largest exporters of ferro-silicon, together constituting X% of total exports. Iceland (X tons) and Germany (X tons) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of global exports. Brazil, the Netherlands, Malaysia, Iceland, Bhutan, Kazakhstan and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

The average ferro-silicon export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, showed a temperate expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then plummeted 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 the Netherlands ($X per ton), while Malaysia ($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 global leaders experienced more modest paces of growth.

In 2023, global ferro-silicon imports stood at X tons, remaining relatively unchanged against the previous year. In general, imports 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 reached the peak of X tons. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, ferro-silicon imports dropped dramatically to $X in 2023. Over the period under review, imports continue to indicate a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum at $X in 2022, and then dropped markedly in the following year.

The purchases of the five major importers of ferro-silicon, namely Japan, the Netherlands, Germany, South Korea and the United States, represented more than third of total import. It was distantly followed by Italy (X tons), constituting a X% share of total imports. Turkey (X tons), Belgium (X tons), India (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon importing markets worldwide were Japan ($X), the United States ($X) and the Netherlands ($X), together comprising X% of global imports. Germany, South Korea, Italy, Turkey, Belgium, Indonesia and India lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

In 2023, the average ferro-silicon import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2023: its price 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, ferro-silicon import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the United States ($X per ton) and Germany ($X per ton), while India ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the global ferro-silicon market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles

This report provides an in-depth analysis of the ferro-silicon market in Asia.

This report provides an in-depth analysis of the ferro-silicon market in the U.S..

This report provides an in-depth analysis of the ferro-silicon market in China.

This report provides an in-depth analysis of the ferro-silicon market in the EU.