FerroAlloys Market in Indonesia
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.
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.
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.
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 .