Australia: Ferro-Chromium Market 2025

Ferro-Chromium Market Size in Australia

The Australian ferro-chromium market surged to $X in 2022, with an increase of 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.5% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ferro-Chromium Exports

Exports from Australia

In 2022, approx. X tons of ferro-chromium were exported from Australia; falling by -48.4% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 640%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ferro-chromium exports contracted dramatically to $X in 2022. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 180%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), India (X tons) and New Zealand (X tons) were the main destinations of ferro-chromium exports from Australia, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X) remains the key foreign market for ferro-chromium exports from Australia, comprising 57% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and India (0.0% per year).

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, growing by 25% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 200% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+16.7%), while the prices for the other major destinations experienced a decline.

Ferro-Chromium Imports

Imports into Australia

Ferro-chromium imports into Australia skyrocketed to X tons in 2022, jumping by 51% compared with the year before. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-chromium imports soared to $X in 2022. In general, imports enjoyed a mild expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of ferro-chromium to Australia, with a 43% share of total imports. Moreover, ferro-chromium imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-3.5% per year) and Sweden (+0.8% per year).

In value terms, the largest ferro-chromium suppliers to Australia were Kazakhstan ($X), Sweden ($X) and Finland ($X), together accounting for 69% of total imports. Japan, China, India, Albania, Russia and Turkey lagged somewhat behind, together comprising a further 29%.

Albania, with a CAGR of +40.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-chromium import price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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