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World - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights

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Feb 21, 2020

Global Ferro-Chromium Exports Peaked at $9B

IndexBox has just published a new report: 'World - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Exports 2007-2018

In 2018, approx. 7.2M tons of ferro-chromium were exported worldwide; going up by 6.2% against the previous year. The total export volume increased at an average annual rate of +1.2% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2010 with an increase of 26% year-to-year. The global exports peaked in 2018 and are expected to retain its growth in the immediate term. In value terms, ferro-chromium exports totaled $9B (IndexBox estimates) in 2018.

Exports by Country

South Africa represented the largest exporter of ferro-chromium exported in the world, with the volume of exports reaching 3.7M tons, which was near 51% of total exports in 2018. Kazakhstan (1,313K tons) ranks second in terms of the total exports with a 18% share, followed by India (11%). Finland (282K tons), Russia (278K tons), Zimbabwe (247K tons) and Turkey (119K tons) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of +1.9% from 2007 to 2018. At the same time, Finland (+9.9%), India (+5.9%), Turkey (+2.5%) and Zimbabwe (+2.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.9% from 2007-2018. Kazakhstan experienced a relatively flat trend pattern. By contrast, Russia (-2.0%) illustrated a downward trend over the same period.

In value terms, the largest ferro-chromium supplying countries worldwide were South Africa ($3.6B), Kazakhstan ($2B) and India ($1.1B), together accounting for 74% of global exports. These countries were followed by Russia, Finland, Zimbabwe and Turkey, which together accounted for a further 16%.

Export Prices by Country

The average ferro-chromium export price stood at $1,261 per ton in 2018, increasing by 5.2% against the previous year. Over the period under review, the export price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +1.7% over the last eleven-year period.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($2,322 per ton), while South Africa ($988 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

Global imports amounted to 7.1M tons in 2018, jumping by 3.6% against the previous year. Over the period under review, ferro-chromium imports continue to indicate a relatively flat trend pattern. Over the period under review, global ferro-chromium imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term. In value terms, ferro-chromium imports stood at $9.2B (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (1.8M tons), distantly followed by the U.S. (829K tons), Japan (788K tons), South Korea (595K tons), the United Arab Emirates (441K tons) and Belgium (349K tons) represented the major importers of ferro-chromium, together achieving 67% of total imports. Mozambique (317K tons), Italy (301K tons), Taiwan, Chinese (284K tons), Germany (279K tons), Spain (197K tons) and Indonesia (189K tons) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to ferro-chromium imports into China stood at +3.3%. At the same time, the United Arab Emirates (+58.1%), Indonesia (+56.3%), the U.S. (+7.1%) and South Korea (+3.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +58.1% from 2007-2018. By contrast, Spain (-1.3%), Japan (-1.8%), Belgium (-2.5%), Italy (-3.0%), Taiwan, Chinese (-4.0%), Germany (-4.8%) and Mozambique (-5.7%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the U.S., the United Arab Emirates, Indonesia and South Korea increased by +7.5%, +6.2%, +6.2%, +2.6% and +2.4% percentage points, while Belgium (-1.6 p.p.), Italy (-1.7 p.p.), Taiwan, Chinese (-2.3 p.p.), Japan (-2.5 p.p.), Germany (-2.8 p.p.) and Mozambique (-4 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.8B), Japan ($1.2B) and the U.S. ($1.2B) constituted the countries with the highest levels of imports in 2018, together accounting for 47% of global imports. These countries were followed by South Korea, Germany, Taiwan, Chinese, Belgium, the United Arab Emirates, Italy, Mozambique, Spain and Indonesia, which together accounted for a further 39%.

Import Prices by Country

In 2018, the average ferro-chromium import price amounted to $1,288 per ton, flattening at the previous year. Over the period under review, the import price indicated measured growth from 2007 to 2018: its price increased at an average annual rate of +2.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ferro-chromium import price increased by +35.2% against 2016 indices.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($1,757 per ton), while Mozambique ($824 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global ferro-chromium market. 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:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    • USA
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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