Report Update Nov 1, 2024

Thailand - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Thailand

The Thai ferro-chromium market skyrocketed to $X in 2022, with an increase of 60% 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, consumption posted a modest expansion. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ferro-Chromium Exports

Exports from Thailand

In 2022, exports of ferro-chromium from Thailand reached X tons, picking up by 1.8% against the previous year's figure. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 11,147%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, ferro-chromium exports declined to $X in 2022. Over the period under review, exports, however, faced a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 4,803%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for ferro-chromium exports from Thailand, accounting for a approx. 7.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +248.8%.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at +30.8%.

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, which is down by -8.9% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +180.9% per year.

Ferro-Chromium Imports

Imports into Thailand

In 2022, the amount of ferro-chromium imported into Thailand skyrocketed to X tons, picking up by 31% on the previous year. In general, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ferro-chromium imports surged to $X in 2022. Over the period under review, imports continue to indicate a mild increase. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-chromium to Thailand, with a 66% share of total imports. Moreover, ferro-chromium imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Kazakhstan (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+44.1% per year) and Kazakhstan (+25.7% per year).

In value terms, India ($X) constituted the largest supplier of ferro-chromium to Thailand, comprising 59% of total imports. The second position in the ranking was held by Brazil ($X), with a 12% share of total imports. It was followed by Kazakhstan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+83.2% per year) and Kazakhstan (+25.1% per year).

Import Prices by Country

In 2022, the average ferro-chromium import price amounted to $X per ton, jumping by 40% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Puerto Rico ($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 (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ferro-chromium in the world?

China constituted the country with the largest volume of ferro-chromium consumption, accounting for 55% of total volume. Moreover, ferro-chromium consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, fivefold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the largest producers of ferro-chromium in the world?

The countries with the highest volumes of in 2021 were China, South Africa and Kazakhstan, with a combined 74% share of global production. India, Finland, Russia and the United States lagged somewhat behind, together accounting for a further 18%.

What are the leading suppliers of ferro-chromium to Thailand?

In value terms, India constituted the largest supplier of ferro-chromium to Thailand, comprising 43% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by Kazakhstan, with a 12% share.

What is the average export price for ferro-chromium in Thailand?

In 2020, the average ferro-chromium export price amounted to $1,665 per ton, dropping by -17.9% against the previous year.

What is the average import price for ferro-chromium in Thailand?

The average ferro-chromium import price stood at $1,212 per ton in 2020, dropping by -7.3% against the previous year.

This report provides an in-depth analysis of the ferro-chromium market in Thailand. 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:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023