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.


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Ferro-chromium - World's Largest Markets

RatingCountry
1China
2United States
3Indonesia
4Japan
5South Korea

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

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Zimbabwe1170941668-24.4%
South Africa835906714-7.5%
Finland10781107840-11.7%
India1232949871-15.9%
Kazakhstan155613211169-13.3%
Turkey174214991286-14.1%
Russia193417301360-16.1%
Average11411081906-10.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Russia ($1,360 per tonne), while Zimbabwe ($668 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Japan1111107612375.5%
Belgium105186410972.2%
United States218415061058-30.4%
South Korea1146877978-7.6%
Indonesia8397899154.4%
China871874857-0.8%
Mozambique775678678-6.5%
Average1086967959-6.0%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($1,237 per tonne), while Mozambique ($678 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Ferro-Chromium - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China2.12.12.612.3%
Indonesia0.50.40.725.6%
Japan0.80.50.7-8.0%
United States10.60.5-31.3%
South Korea0.60.40.4-17.1%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
South Africa3.132.3-13.5%
Kazakhstan2.11.91.7-10.2%
India10.60.6-22.4%
Russia0.40.30.3-12.3%
Finland0.30.40.3-3.7%

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
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World - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global ferro-chromium market.

Latin America and the Caribbean - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Latin America and the Caribbean.

South-Eastern Asia - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in South-Eastern Asia.

Africa - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Northern America - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Northern America.

Middle East - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in the Middle East.

Australia and Oceania - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Australia and Oceania.

Central Asia - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Central Asia.

Eastern Asia - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Eastern Asia.

Southern Asia - Ferro-Chromium - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the ferro-chromium market in Southern Asia.

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