FerroAlloys Market Overview in India
In value terms, ferroalloys production fell to $ in 2019 estimated in export prices. In general, production recorded a mild increase. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The value of the ferroalloys market in India soared to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.