Which Country Imports the Most Ferro-Chromium in the World?

Basic Iron And Steel May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Ferro-Chromium in the World?

IndexBox has just published a new report "World: Ferro-Chromium - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global ferrochrome imports stood at 31M tonnes in 2016, picking up by 2% against the previous year figure. Overall, ferrochrome imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by 9% from the previous year level. Over the period under review, global ferrochrome imports attained its maximum volume of 32M tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, ferrochrome imports amounted to $20B in 2016. In general, ferrochrome imports continue to indicate a abrupt curtailment. Global ferrochrome import peaked of $40B in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.

Top Ferrochrome Importing Countries in the World

1. China (4.6 billion USD)

2. Japan (2.0 billion USD)

3. USA (1.9 billion USD)

4. South Korea (1.3 billion USD)

5. Germany (1.3 billion USD)

6. Italy (1.1 billion USD)

7. India (0.7 billion USD)

8. Russia (0.3 billion USD)

9. South Africa (0.1 billion USD)

10. Ukraine (0.0 billion USD)

11. Kazakhstan (0.0 billion USD)

12. Norway (0.0 billion USD)

Ferrochrome Imports By Country

The imports of the twelve major importers of ferrochrome, namely South Africa, China, Kazakhstan, India, Japan, Ukraine, South Korea, Germany, the U.S., Russia, Italy, and Norway, represented more than two-thirds of total import.

From 2007 to 2016, the most notable growth rate of ferrochrome imports, among the main importing countries, was attained by India (+2.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($4.6B) constitutes the largest market for imported ferrochrome worldwide, making up 23% of global imports. The second position in the ranking was occupied by Japan ($2B), with the share of 10% of global imports. It was followed by the U.S., with the share of 9%.

From 2007 to 2016, the average annual growth rate of value of ferrochrome imports in China expanded at +7.1%. The remaining importing countries recorded the following average annual rates: Japan (-4.9% per year) and the U.S. (-4.8% per year).

Ferrochrome Import Prices By Country

In 2016, the average import price for ferrochrome amounted to $644 per tonne, waning by -14.8% against the previous year. In general, ferrochrome import price continues to indicate a abrupt reduction. The most prominent rate of growth was recorded in 2008, when import price increased by 31% from the previous year level. In that year, average ferrochrome import price reached its maximum level of $1,271 per tonne. From 2009 to 2016, growth of average ferrochrome import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($2,065 per tonne), while Kazakhstan ($5 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of ferrochrome import prices was attained by China (+8.5% per year), while the other global leaders experienced mixed trends in the import price figures.

Do you want to know more about global ferrochrome market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • ferrochrome market share
  • ferrochrome prices
  • ferrochrome industry
  • ferrochrome sales
  • ferrochrome import
  • ferrochrome export
  • ferrochrome market forecast
  • ferrochrome price forecast
  • key ferrochrome producers

All data provided in this article covers the following product: HS Code 7202 - Ferro-alloys.

Source: World: Ferro-Chromium - Market Report. Analysis and Forecast to 2025