South Africa Became the Largest Exporter of Ferro-Chromium in the World, with $3.2B in 2014

Basic Iron And Steel August 17, 2015
Author: Alexander Romanenko
Chief Executive Officer

South Africa dominates in the global ferro-chromium trade. In 2014, South Africa exported 3,671 thousand tonnes of ferro-chromium totaling 3,232 million USD, 16% over the previous year. Its primary trading partner was China, where it supplied 34.9% of its total ferro-chromium exports in value terms, accounting for 54.9% of China's total imports.

From 2007 to 2014, South Africa was a net exporter of ferro-chromium. Over this period, exports consistently exceeded imports in value terms. In physical terms, this difference was even more pronounced.

Kazakhstan and India were among the other main global suppliers of ferro-chromium in 2014. The fastest growing exporters from 2007 to 2014 were Sweden (+42.1% per year) and Turkey (+18.4% per year). Still, even with these inroads made by competing countries, South Africa was able to effectively strengthen its position in the global export structure.

In 2014, South Africa's top 5 trading partners were China, Japan, the U.S., the Republic of Korea and Italy, with a combined 67.8% share of South Africa's ferro-chromium exports. The share of China increased significantly (+13.9 percentage points), while the share of Japan illustrated negative dynamics (-6.9 percentage points).

Source: World: Ferro-Chromium - Market Report. Analysis and Forecast to 2020