Ferro-chromium Market

Ferro-chromium market: get access to new facts and figures empowered by an Ai-driven market research platform. Facts and figures include exports, market prices, consumption, production, companies, imports, market size, and trade. Here is a split by country, including EU, the U.S., the U.K., China, Latin America, Africa, the Middle East, and Russia. Market trends and forecast to 2030 are also featured in the snapshots.

Get FREE access to the latest data and statistics on the Ferro-chromium Market.

Ferro-chromium - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Indonesia.

In China, the ferro-chromium market expanded at an average annual rate of +8.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-16.5% per year) and Indonesia (+23.9% per year).

Ferro-Chromium Prices

Ferro-Chromium - Top Importers

In value terms, China ($2.6B) constitutes the largest market for imported ferro-chromium worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Indonesia ($711M), with a 11% share of global imports. It was followed by Japan, with a 10% share.

In China, ferro-chromium imports increased at an average annual rate of +12.3% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+25.6% per year) and Japan (-8.0% per year).

Ferro-Chromium - Top Exporters

In value terms, the largest ferro-chromium supplying countries worldwide were South Africa ($2.3B), Kazakhstan ($1.7B) and India ($603M), with a combined 76% share of global exports. Russia, Finland, Zimbabwe and Turkey lagged somewhat behind, together accounting for a further 14%.

Among the main exporting countries, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Ferro-Chromium - Market Forecast

Driven by rising demand for ferro-chromium worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Ferro-Chromium - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.

Ferro-chromium - Product Coverage

• HS 720241 - Ferro-alloys; ferro-chromium, containing by weight more than 4% of carbon
• HS 720249 - Ferro-alloys; ferro-chromium, containing by weight 4% or less of carbon

Source: IndexBox Market Intelligence Platform