Brazil: Ferro-Chromium Market 2025

Ferro-Chromium Market Size in Brazil

The Brazilian ferro-chromium market fell sharply to $X in 2022, reducing by -34.3% against the previous year. Overall, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Ferro-Chromium Production in Brazil

In value terms, ferro-chromium production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Ferro-Chromium Exports

Exports from Brazil

In 2022, approx. X tons of ferro-chromium were exported from Brazil; increasing by 124% against the year before. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 204% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, ferro-chromium exports surged to $X in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ferro-chromium exports from Brazil, accounting for a 63% share of total exports. Moreover, ferro-chromium exports to China exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+39.1% per year) and the Netherlands (+14.3% per year).

In value terms, China ($X) emerged as the key foreign market for ferro-chromium exports from Brazil, comprising 42% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.9% per year) and the Netherlands (+20.4% per year).

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, picking up by 28% against the previous year. Overall, the export price, however, recorded a pronounced decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the 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 Spain ($X per ton), while the average price for exports to China ($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 Canada (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Brazil

Ferro-chromium imports into Brazil declined markedly to X tons in 2022, reducing by -42.9% on the previous year. Overall, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

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

Imports by Country

Sweden (X tons), China (X tons) and South Africa (X tons) were the main suppliers of ferro-chromium imports to Brazil, with a combined 67% share of total imports. Kazakhstan, Switzerland, India, Germany, Russia and Turkey lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-chromium suppliers to Brazil were Sweden ($X), China ($X) and Germany ($X), with a combined 73% share of total imports. Kazakhstan, Switzerland, India, South Africa, Russia and Turkey lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Switzerland, with a CAGR of +40.4%, saw the highest growth rate of the value of imports, 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, picking up by 244% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :