Hong Kong SAR, China: Ferro-Chromium Market 2025

Ferro-Chromium Market Size in Hong Kong SAR, China

The Hong Kong ferro-chromium market dropped markedly to $X in 2022, with a decrease of -47.5% against the previous year. In general, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank significantly in the following year.

Ferro-Chromium Production in Hong Kong SAR, China

In value terms, ferro-chromium production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 969% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Ferro-Chromium Exports

Exports from Hong Kong SAR, China

Ferro-chromium exports from Hong Kong SAR soared to X tons in 2022, increasing by 97% compared with 2021 figures. Overall, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 441%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-chromium exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2016 when exports increased by 539%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for ferro-chromium exports from Hong Kong SAR, accounting for a 62% share of total exports. Moreover, ferro-chromium exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, India (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.7% per year) and the Netherlands (-0.2% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for ferro-chromium exports from Hong Kong SAR, comprising 64% of total exports. The second position in the ranking was taken by India ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.1% per year) and the Netherlands (-1.6% per year).

Export Prices by Country

The average ferro-chromium export price stood at $X per ton in 2022, growing by 94% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 India (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Hong Kong SAR, China

After two years of growth, overseas purchases of ferro-chromium decreased by -51.6% to X tons in 2022. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 987%. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, ferro-chromium imports declined rapidly to $X in 2022. In general, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2018 when imports increased by 93%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main ferro-chromium supplier to Hong Kong SAR, with a 100% share of total imports. It was followed by China (X kg), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and Vietnam (-47.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of ferro-chromium to Hong Kong SAR, comprising 99% of total imports. The second position in the ranking was held by China ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.5% per year) and Vietnam (-53.5% per year).

Import Prices by Country

The average ferro-chromium import price stood at $X per ton in 2022, shrinking by -41.3% against the previous year. Overall, the import price continues to indicate a sharp decline. The pace of growth appeared the most rapid in 2019 an increase of 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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