China - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Ferro-Chromium Price in China (CIF) - 2023
- Ferro-Chromium Price in China (FOB) - 2023
- Ferro-Chromium Imports in China
- Ferro-Chromium Exports in China
Ferro-Chromium Price in China (CIF) - 2023
In September 2023, the average ferro-chromium import price amounted to $1,239 per ton, almost unchanged from the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 8.1% month-to-month. As a result, import price reached the peak level of $1,359 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Kazakhstan ($1,490 per ton) and India ($1,293 per ton), while the price for South Africa ($1,066 per ton) and Zimbabwe ($1,193 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Ferro-Chromium Price in China (FOB) - 2023
In September 2023, the average ferro-chromium export price amounted to $2,757 per ton, approximately reflecting the previous month. In general, export price indicated a strong increase from September 2022 to September 2023: its price increased at an average monthly rate of +6.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, ferro-chromium export price decreased by -8.1% against April 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 59% m-o-m. Over the period under review, the average export prices hit record highs at $3,288 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($3,482 per ton), while the average price for exports to India ($1,882 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Chromium Imports in China
In 2022, supplies from abroad of ferro-chromium decreased by -21.7% to 2.4M tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 0.2%. As a result, imports reached the peak of 3.1M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ferro-chromium imports totaled $3.2B in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Chromium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,524 | 1,260 | 1,187 | 1,381 | -3.2% |
| Kazakhstan | 849 | 897 | 831 | 930 | 3.1% |
| India | 400 | 299 | 361 | 414 | 1.2% |
| Zimbabwe | 125 | 86.0 | 141 | 332 | 38.5% |
| Others | 67.1 | 89.1 | 278 | 139 | 27.5% |
| Total | 2,965 | 2,631 | 2,798 | 3,197 | 2.5% |
Top Suppliers of Ferro-Chromium to China in 2022:
- South Africa (1173.1K tons)
- Kazakhstan (583.5K tons)
- India (292.4K tons)
- Zimbabwe (258.3K tons)
Ferro-Chromium Exports in China
In 2022, ferro-chromium exports from China soared to 69K tons, rising by 46% compared with the year before. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, ferro-chromium exports soared to $132M in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Chromium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 20.3 | 27.0 | 31.4 | 40.6 | 26.0% |
| Netherlands | 0.3 | 0.3 | N/A | 15.3 | 270.8% |
| South Korea | 3.3 | 1.0 | 2.1 | 11.4 | 51.2% |
| Japan | 1.5 | 0.5 | 3.1 | 10.4 | 90.7% |
| Taiwan (Chinese) | 3.5 | 1.0 | 5.6 | 3.8 | 2.8% |
| Turkey | 0.5 | 0.5 | 0.2 | 3.5 | 91.3% |
| Indonesia | 39.1 | 2.5 | 6.9 | 3.5 | -55.3% |
| South Africa | 0.3 | 0.3 | 2.3 | 3.3 | 122.4% |
| Ecuador | N/A | N/A | 3.1 | 3.3 | 6.5% |
| Serbia | N/A | N/A | 2.1 | 3.1 | 47.6% |
| Tajikistan | N/A | 0.1 | 0.2 | 2.2 | 369.0% |
| Germany | 1.7 | 0.8 | N/A | 1.9 | 3.8% |
| Croatia | 4.7 | 2.6 | 3.1 | 1.1 | -38.4% |
| Others | 3.6 | 4.0 | 11.4 | 28.6 | 99.5% |
| Total | 78.8 | 40.7 | 71.6 | 132 | 18.8% |
Top Export Markets for Ferro-Chromium from China in 2022:
- India (25.0K tons)
- Japan (5.8K tons)
- Netherlands (5.7K tons)
- South Korea (4.9K tons)
- Ecuador (3.1K tons)
- Taiwan (Chinese) (2.0K tons)
- Indonesia (1.8K tons)
- Germany (1.7K tons)
- Turkey (1.6K tons)
- South Africa (1.4K tons)
- Serbia (1.2K tons)
- Tajikistan (1.1K tons)
- Croatia (0.3K tons)
This report provides an in-depth analysis of the ferro-chromium market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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