Report Update Nov 1, 2024

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

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Ukraine: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Ukraine

The Ukrainian ferro-chromium market reduced remarkably to $X in 2022, dropping by -63.1% 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). Overall, consumption continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 6.3% against the previous year. Ferro-chromium consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ferro-Chromium Exports

Exports from Ukraine

In 2022, exports of ferro-chromium from Ukraine dropped markedly to X tons, waning by -59.7% against the previous year. Over the period under review, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2017 when exports increased by 1,730% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ferro-chromium exports reduced notably to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,923% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for ferro-chromium exports from Ukraine, accounting for a 48% share of total exports. Moreover, ferro-chromium exports to Poland exceeded the volume sent to the second major destination, Russia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for ferro-chromium exports from Ukraine, comprising 48% of total exports. The second position in the ranking was held by Russia ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland was relatively modest.

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2013 an increase of 1,123% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+71.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Chromium Imports

Imports into Ukraine

In 2022, supplies from abroad of ferro-chromium decreased by -75.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-chromium imports dropped sharply to $X in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest ferro-chromium supplier to Ukraine, accounting for a 48% share of total imports. Moreover, ferro-chromium imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-23.7% per year) and India (+1.4% per year).

In value terms, Kazakhstan ($X), Russia ($X) and Brazil ($X) were the largest ferro-chromium suppliers to Ukraine, with a combined 77% share of total imports. China, India, Turkey and Finland lagged somewhat behind, together accounting for a further 18%.

Finland, with a CAGR of +666.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, growing by 125% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Finland ($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 (+96.3%), 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?

The country with the largest volume of ferro-chromium consumption was China, accounting for 55% of total volume. Moreover, ferro-chromium consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, fivefold. The United States ranked third in terms of total consumption 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, together accounting for 74% of global production. These countries were followed by India, Finland, Russia and the United States, which together accounted for a further 18%.

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

In value terms, Kazakhstan constituted the largest supplier of ferro-chromium to Ukraine, comprising 80% of total imports. The second position in the ranking was occupied by Russia, with a 7.8% share of total imports. It was followed by India, with a 4.6% share.

What are the leading importers of ferro-chromium from Ukraine?

In value terms, Russia remains the key foreign market for ferro-chromium exports from Ukraine, comprising 95% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 5.4% share of total exports.

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

The average ferro-chromium export price stood at $1,752 per ton in 2020, declining by -15.1% against the previous year.

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

The average ferro-chromium import price stood at $1,615 per ton in 2020, waning by -10.6% against the previous year.

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

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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
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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