World - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFerro-chromium market
Ferro-chromium market: get access to new facts and figures empowered by an Ai-driven market research platform. Facts and figures include exports, market prices, consumption, production, companies, imports, market size, and trade. Here is a split by country, including EU, the U.S., the U.K., China, Latin America, Africa, the Middle East, and Russia. Market trends and forecast to 2030 are also featured in the snapshots.
Ferro-chromium - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Indonesia |
| 4 | Japan |
| 5 | South Korea |
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Indonesia.
In China, the ferro-chromium market expanded at an average annual rate of +8.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-16.5% per year) and Indonesia (+23.9% per year).
Ferro-Chromium Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Zimbabwe | 1170 | 941 | 668 | -24.4% |
| South Africa | 835 | 906 | 714 | -7.5% |
| Finland | 1078 | 1107 | 840 | -11.7% |
| India | 1232 | 949 | 871 | -15.9% |
| Kazakhstan | 1556 | 1321 | 1169 | -13.3% |
| Turkey | 1742 | 1499 | 1286 | -14.1% |
| Russia | 1934 | 1730 | 1360 | -16.1% |
| Average | 1141 | 1081 | 906 | -10.9% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Russia ($1,360 per ton), while Zimbabwe ($668 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 1111 | 1076 | 1237 | 5.5% |
| Belgium | 1051 | 864 | 1097 | 2.2% |
| United States | 2184 | 1506 | 1058 | -30.4% |
| South Korea | 1146 | 877 | 978 | -7.6% |
| Indonesia | 839 | 789 | 915 | 4.4% |
| China | 871 | 874 | 857 | -0.8% |
| Mozambique | 775 | 678 | 678 | -6.5% |
| Average | 1086 | 967 | 959 | -6.0% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($1,237 per ton), while Mozambique ($678 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
Ferro-Chromium - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 2.1 | 2.1 | 2.6 | 12.3% |
| Indonesia | 0.5 | 0.4 | 0.7 | 25.6% |
| Japan | 0.8 | 0.5 | 0.7 | -8.0% |
| United States | 1 | 0.6 | 0.5 | -31.3% |
| South Korea | 0.6 | 0.4 | 0.4 | -17.1% |
In value terms, China ($2.6B) constitutes the largest market for imported ferro-chromium worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Indonesia ($711M), with a 11% share of global imports. It was followed by Japan, with a 10% share.
In China, ferro-chromium imports increased at an average annual rate of +12.3% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+25.6% per year) and Japan (-8.0% per year).
Ferro-Chromium - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| South Africa | 3.1 | 3 | 2.3 | -13.5% |
| Kazakhstan | 2.1 | 1.9 | 1.7 | -10.2% |
| India | 1 | 0.6 | 0.6 | -22.4% |
| Russia | 0.4 | 0.3 | 0.3 | -12.3% |
| Finland | 0.3 | 0.4 | 0.3 | -3.7% |
In value terms, the largest ferro-chromium supplying countries worldwide were South Africa ($2.3B), Kazakhstan ($1.7B) and India ($603M), with a combined 76% share of global exports. Russia, Finland, Zimbabwe and Turkey lagged somewhat behind, together accounting for a further 14%.
Among the main exporting countries, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Ferro-Chromium - Market Forecast
Driven by rising demand for ferro-chromium worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Ferro-Chromium - Top Companies
Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.
Ferro-chromium - Product Coverage
- HS 720241 - Ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon
- HS 720249 - Ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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. 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
-
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
1120
This report provides an in-depth analysis of the global ferro-chromium market.
2198
This report provides an in-depth analysis of the global ferro-alloys market.
1026
This report provides an in-depth analysis of the global ferro-molybdenum market.
2107
This report provides an in-depth analysis of the global ferro-silico-manganese market.
196
This report provides an in-depth analysis of the global ferro-titanium and ferro-silico-titanium market.
823
This report provides an in-depth analysis of the global ferro-manganese market.
2892
This report provides an in-depth analysis of the global ferro-silicon market.
127
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
2402
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
1571
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
2356
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
917
Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
