U.S. - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Prices in the United States
U.S. Ferro-Chromium Import Price per Ton in June 2022
In June 2022, the ferro-chromium price per ton stood at $3.6K (CIF, US), increasing by 33% against the previous month. Over the period under review, import price indicated a resilient expansion from January 2022 to June 2022: its price increased at an average monthly rate of +7.2% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, ferro-chromium import price increased by +83.1% against February 2022 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($5.5K per ton), while the price for South Africa ($1.4K per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Ferro-Chromium Import Prices by Type
As there is only one major imported type of ferro-chromium, the average price level is determined by prices for ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon.
From January 2022 to June 2022, the rate of growth in terms of prices for ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon amounted to +4.2% per month.
U.S. Ferro-Chromium Imports
Ferro-chromium imports into the United States soared to 31K tons in June 2022, with an increase of 135% against May 2022. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in April 2022 with an increase of 278% against the previous month. As a result, imports attained the peak of 104K tons. From May 2022 to June 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ferro-chromium imports soared to $112M (IndexBox estimates) in June 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 with an increase of 244% month-to-month. As a result, imports reached the peak of $219M. From May 2022 to June 2022, the growth of imports failed to regain momentum.
U.S. Ferro-Chromium Imports by Type
In June 2022, ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon (26K tons) was the main type of ferro-chromium supplied to the United States, with a approximately 100% share of total imports.
From January 2022 to June 2022, the average monthly growth rate of the volume of import of ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon totaled -8.7%.
In value terms, ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon ($70M) constituted the largest type of ferro-chromium supplied to the United States.
U.S. Ferro-Chromium Imports by Country
Kazakhstan (11K tons), South Africa (8K tons) and Finland (5.1K tons) were the main suppliers of ferro-chromium imports to the United States, together comprising 79% of total imports.
From January 2022 to June 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +111.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Kazakhstan ($63M) constituted the largest supplier of ferro-chromium to the United States, comprising 57% of total imports. The second position in the ranking was taken by Russia ($21M), with a 19% share of total imports. It was followed by South Africa, with a 9.9% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from Kazakhstan amounted to +12.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Russia (-14.3% per month) and South Africa (+139.6% per month).
This report provides an in-depth analysis of the ferro-chromium market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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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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From January 2023 to November 2023, the import growth of Ferro-Alloys remained at a slightly lower figure. In terms of value, Ferro-Alloys imports witnessed a significant decline, reaching $171M in November 2023.
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Imports of Ferro Manganese sharply declined to $24M in May 2023 in terms of value.
1973
In May 2022, the ferro-silicon price per ton amounted to $2,570 (CIF, US), falling by -31% against the previous month.
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In 2021, the average import price for ferro-silicon in the U.S. totaled $2,284 per ton, increasing by 85% compared to the figure of 2020.
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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.
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From January 2023 to November 2023, the import growth of Ferro-Alloys remained at a slightly lower figure. In terms of value, Ferro-Alloys imports witnessed a significant decline, reaching $171M in November 2023.
