China - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Prices in China
China Ferro-Chromium Import Price in August 2022
In August 2022, the ferro-chromium price stood at $1,333 per ton (CIF, China), dropping by -6.3% against the previous month. Overall, the import price showed a perceptible downturn. The pace of growth was the most pronounced in May 2022 when the average import price increased by 8.6% month-to-month. The import price peaked at $1,541 per ton in January 2022; however, from February 2022 to August 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2022, the highest price was recorded for prices from Kazakhstan ($1,594 per ton) and India ($1,435 per ton), while the price for South Africa ($1,222 per ton) and Zimbabwe ($1,340 per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Mozambique (0.0%), while the prices for the other major suppliers experienced a decline.
China Ferro-Chromium Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon ($5,287 per ton), while the price for ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon amounted to $1,333 per ton.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon (-2.0%).
China Ferro-Chromium Imports
Ferro-chromium imports into China plummeted to 235K tons in August 2022, reducing by -24.6% on July 2022. Overall, imports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in July 2022 when imports increased by 140% m-o-m. As a result, imports reached the peak of 312K tons, and then fell notably in the following month.
In value terms, ferro-chromium imports dropped rapidly to $313M (IndexBox estimates) in August 2022. In general, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in July 2022 when imports increased by 133% m-o-m. As a result, imports attained the peak of $443M, and then dropped significantly in the following month.
China Ferro-Chromium Imports by Type
In August 2022, ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon (235K tons) was the main type of ferro-chromium supplied to China, accounting for a 99.9% share of total imports. It was followed by ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon (1 tons), with less than 0.1% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon totaled +3.4%.
In value terms, ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon ($313M) constituted the largest type of ferro-chromium supplied to China, comprising 99.9% of total imports. The second position in the ranking was taken by ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon ($5.3K), with less than 0.1% share of total imports.
China Ferro-Chromium Imports by Country
In August 2022, South Africa (141K tons) constituted the largest supplier of ferro-chromium to China, accounting for a 60% share of total imports. Moreover, ferro-chromium imports from South Africa exceeded the figures recorded by the second-largest supplier, Kazakhstan (41K tons), threefold. The third position in this ranking was held by India (37K tons), with a 16% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from South Africa amounted to +12.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Kazakhstan (+13.0% per month) and India (+1.4% per month).
In value terms, South Africa ($172M) constituted the largest supplier of ferro-chromium to China, comprising 55% of total imports. The second position in the ranking was held by Kazakhstan ($65M), with a 21% share of total imports. It was followed by India, with a 17% share.
From January 2022 to August 2022, the average monthly growth rate of value from South Africa totaled +10.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Kazakhstan (+10.7% per month) and India (-0.3% per month).
This report provides an in-depth analysis of the ferro-chromium market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
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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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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
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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
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the ferro-chromium market in China.
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168
In terms of value, imports of FerroAlloys dropped significantly to $1.4B in June 2023.
708
In September 2022, the ferro-alloys price stood at $2,055 per ton (CIF, China), falling by -9.2% against the previous month.
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In value terms, ferro-manganese exports shrank significantly to $458K in March 2023.
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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.
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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.
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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.
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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.
168
In terms of value, imports of FerroAlloys dropped significantly to $1.4B in June 2023.
