FerroAlloys Market in Indonesia
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Indonesian ferroalloys market dropped slightly to $
in , approximately reflecting 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). Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.
In value terms, ferroalloys production expanded remarkably to $ in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production failed to regain momentum.
in , approximately reflecting 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). Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.In value terms, ferroalloys production expanded remarkably to $
in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production failed to regain momentum.Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , the amount of ferroalloys consumed in Indonesia stood at tons, rising by % against . Over the period under review, consumption saw a prominent expansion. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in years to come.
The value of the ferroalloys market in Indonesia amounted to $ in , rising 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). Overall, consumption saw a prominent expansion. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.
, the amount of ferroalloys consumed in Indonesia stood at tons, rising by % against . Over the period under review, consumption saw a prominent expansion. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in years to come.The value of the ferroalloys market in Indonesia amounted to $
in , rising 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). Overall, consumption saw a prominent expansion. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.Consumption by Type
Please note: Annual data for 2022 are preliminary and subject to revision
Ferro-chromium ( tons), ferro-silicon ( tons) and ferro-manganese ( tons) were the main products of ferroalloys consumption in Indonesia, together comprising % of the total volume.
From 2007 to, the biggest increases were recorded for ferro-chromium (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.
In value terms, ferro-silicon ($), ferro-chromium ($) and miscellaneous ferro-alloys ($) were the products with the highest levels of market value in , with a combined % share of the total market.
In terms of the main consumed products, ferro-chromium, with a CAGR of +%, recorded the highest growth rate of market size over the period under review, while market for the other products experienced more modest paces of growth.
tons), ferro-silicon ( tons) and ferro-manganese ( tons) were the main products of ferroalloys consumption in Indonesia, together comprising % of the total volume.From 2007 to
, the biggest increases were recorded for ferro-chromium (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.In value terms, ferro-silicon ($
), ferro-chromium ($) and miscellaneous ferro-alloys ($) were the products with the highest levels of market value in , with a combined % share of the total market.In terms of the main consumed products, ferro-chromium, with a CAGR of +
%, recorded the highest growth rate of market size over the period under review, while market for the other products experienced more modest paces of growth.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for ferroalloys in Indonesia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Indonesia remains a net importer of ferroalloys; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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