Brazil: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Brazil

In 2022, the Brazilian ferro-silicon market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Ferro-Silicon Production in Brazil

In value terms, ferro-silicon production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Ferro-silicon production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Ferro-Silicon Exports

Exports from Brazil

Ferro-silicon exports from Brazil skyrocketed to X tons in 2022, increasing by X% compared with 2021. Over the period under review, exports recorded mild growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ferro-silicon exports skyrocketed to $X in 2022. Overall, exports enjoyed a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of ferro-silicon exports from Brazil, with a combined X% share of total exports. Italy, South Korea, Canada, France, Turkey, Taiwan (Chinese), Mexico and Argentina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for ferro-silicon exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average ferro-silicon export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silicon export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Brazil

Ferro-silicon imports into Brazil soared to X tons in 2022, with an increase of X% compared with the previous year. Over the period under review, imports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ferro-silicon imports surged to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Paraguay (X tons) and Hong Kong SAR (X tons) were the main suppliers of ferro-silicon imports to Brazil, with a combined X% share of total imports. Argentina, India, Norway, Canada, Germany, Thailand, Austria, the United States and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Paraguay ($X) and Hong Kong SAR ($X) were the largest ferro-silicon suppliers to Brazil, together accounting for X% of total imports.

Among the main suppliers, Paraguay, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-silicon import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform