In 2023, Norway led the export market for Ferro-Silicon containing less than 55% silicon by value, capturing a substantial share and demonstrating a growth of 3.31% year-on-year. The Netherlands, Canada, and South Africa also showed positive growth trends. Meanwhile, China experienced a slight decline at -0.28%. Noteworthy is Thailand with a significant 4.39% increase, indicating potential shifts in market dynamics. Countries like Iceland and Australia experienced notable decreases in exports.
Future trends to watch include potential continuations of current growth in Norway and the Netherlands. Emerging exporters such as Thailand may continue expanding their market share if recent trends persist. Also, observe how macroeconomic conditions and technological advancements could impact production capabilities and global trade relations in this sector.
Top countries in Export of Ferro-Silicon Containing by Weight Less Than 55% of Silicon Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 27.85 | 2023 | +3.79% | +3.31% | View data |
| 2 | 2 Netherlands | 18.11 | 2023 | +3.27% | +3.19% | View data |
| 3 | 3 Canada | 8.69 | 2023 | +1.4% | +0.96% | View data |
| 4 | 4 China | 8.29 | 2023 | -0.3% | -0.28% | View data |
| 5 | 5 South Africa | 7.14 | 2023 | +1.6% | +0.2% | View data |
| 6 | 6 Thailand | 4.99 | 2023 | +6.34% | +4.39% | View data |
| 7 | 7 France | 3.36 | 2023 | +2.14% | +0.93% | View data |
| 8 | 8 Sweden | 3.25 | 2023 | +1.93% | +2.42% | View data |
| 9 | 9 Germany | 3.21 | 2023 | +1.18% | +1.02% | View data |
| 10 | 10 Japan | 2.95 | 2023 | +1.18% | -0.58% | View data |
