Finland: Ferro-Chromium Market 2025

Ferro-Chromium Market Size in Finland

The Finnish ferro-chromium market contracted modestly to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Ferro-Chromium Production in Finland

In value terms, ferro-chromium production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 80% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ferro-Chromium Exports

Exports from Finland

Ferro-chromium exports from Finland stood at X tons in 2022, stabilizing at the previous year's figure. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.0% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 170%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, ferro-chromium exports amounted to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 152% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Sweden (X tons) were the main destinations of ferro-chromium exports from Finland, with a combined 80% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Sweden ($X) constituted the largest markets for ferro-chromium exported from Finland worldwide, together comprising 79% of total exports.

The Netherlands, with a CAGR of +44.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 45%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and the Netherlands ($X per ton), while the average price for exports to the UK ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Finland

In 2022, approx. X tons of ferro-chromium were imported into Finland; jumping by 61% on the year before. In general, imports, however, showed a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ferro-chromium imports soared to $X in 2022. Overall, imports, however, recorded a pronounced reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Russia (X tons) and Kazakhstan (X tons) were the main suppliers of ferro-chromium imports to Finland, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +52.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Kazakhstan ($X) and Russia ($X) constituted the largest ferro-chromium suppliers to Finland, with a combined 87% share of total imports. Sweden, Albania, Brazil, South Africa and Germany lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Brazil, with a CAGR of +69.7%, 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

In 2022, the average ferro-chromium import price amounted to $X per ton, rising by 85% against the previous year. In general, the import price recorded a resilient expansion. 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 South Africa ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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