Hong Kong SAR, China - Ferro-Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Silicon Price in Hong Kong SAR - 2023
Contents:
- Ferro-Silicon Price in Hong Kong SAR (CIF) - 2023
- Ferro-Silicon Price in Hong Kong SAR (FOB) - 2022
- Ferro-Silicon Imports in Hong Kong SAR
- Ferro-Silicon Exports in Hong Kong SAR
Ferro-Silicon Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average ferro-silicon import price amounted to $919 per ton, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a deep downturn. As a result, import price attained the peak level of $1,179 per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2023 to September 2023, the rate of growth in terms of prices for China amounted to -6.0% per month.
Ferro-Silicon Price in Hong Kong SAR (FOB) - 2022
The average ferro-silicon export price stood at $2,385 per ton in 2022, with an increase of 530% against the previous year. Over the period under review, the export price continues to indicate a significant increase. As a result, the export price reached 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 Brazil ($3,007 per ton), while the average price for exports to Indonesia ($460 per ton) was amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+85.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Silicon Imports in Hong Kong SAR
Ferro-silicon imports into Hong Kong SAR contracted notably to 844 tons in 2022, declining by -40.5% against the previous year. Over the period under review, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 424%.
In value terms, ferro-silicon imports shrank significantly to $767K in 2022. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 424% against the previous year.
| Import of Ferro-Silicon in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 26.2 | 92.7 | 345 | 263 | 115.7% |
| China | 353 | 85.4 | 307 | 197 | -17.7% |
| Vietnam | 491 | 37.8 | 284 | 169 | -29.9% |
| United States | 368 | 28.1 | 211 | 124 | -30.4% |
| Malaysia | 12.8 | 0.9 | 6.5 | 3.6 | -34.5% |
| Others | 233 | 0.7 | 133 | 9.7 | -65.3% |
| Total | 1,483 | 246 | 1,287 | 767 | -19.7% |
Top Suppliers of Ferro-Silicon to Hong Kong SAR in 2022:
- Vietnam (239.5 tons)
- China (203.6 tons)
- United States (176.4 tons)
- South Korea (131.1 tons)
- Malaysia (87.9 tons)
Ferro-Silicon Exports in Hong Kong SAR
In 2022, approx. 870 tons of ferro-silicon were exported from Hong Kong SAR; growing by 1,375% against the previous year's figure. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-silicon exports surged to $2.1M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Silicon in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.7 | N/A | 3.6 | 1,439 | 1171.5% |
| India | 10.6 | N/A | 7.2 | 456 | 250.4% |
| Mongolia | N/A | N/A | N/A | 63.0 | 0% |
| Malaysia | 1.4 | N/A | 0.5 | 32.9 | 186.4% |
| South Korea | 5.0 | N/A | 3.4 | 1.4 | -34.6% |
| Indonesia | 10.7 | N/A | 2.4 | 0.4 | -66.6% |
| Others | 16.3 | N/A | 5.2 | 82.5 | 71.7% |
| Total | 44.6 | N/A | 22.3 | 2,075 | 259.7% |
Top Export Markets for Ferro-Silicon from Hong Kong SAR in 2022:
- Brazil (478.5 tons)
- India (255.2 tons)
- Malaysia (58.4 tons)
- Mongolia (29.0 tons)
- South Korea (2.1 tons)
- Indonesia (1.0 tons)
This report provides an in-depth analysis of the ferro-silicon market in Hong Kong SAR, China. 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.
Product coverage:
- Prodcom 24101230 - Ferro-silicon
- Prodcom 24101235 -
- Prodcom 24101236 -
- Prodcom 24101239 -
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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