Russian Federation - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in Russia - 2022
Contents:
- Ferro-Chromium Price in Russia (FOB) - 2022
- Ferro-Chromium Price in Russia (CIF) - 2022
- Ferro-Chromium Exports in Russia
- Ferro-Chromium Imports in Russia
Ferro-Chromium Price in Russia (FOB) - 2022
The average ferro-chromium export price stood at $2,180 per ton in January 2022, remaining constant against the previous month. Overall, export price indicated a perceptible expansion from January 2021 to January 2022: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, ferro-chromium export price decreased by -3.9% against October 2021 indices. The growth pace was the most rapid in October 2021 an increase of 31% against the previous month. As a result, the export price reached the peak level of $2,269 per ton. From November 2021 to January 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Ukraine ($2,818 per ton), while the average price for exports to Slovenia ($1,373 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Chromium Price in Russia (CIF) - 2022
The average ferro-chromium import price stood at $3,920 per ton in January 2022, with an increase of 31% against the previous month. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in September 2021 an increase of 85% against the previous month. Over the period under review, average import prices hit record highs in January 2022.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +5.6% per month.
Ferro-Chromium Exports in Russia
In 2022, approx. 238K tons of ferro-chromium were exported from Russia; shrinking by -4% on the previous year's figure. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 8.7% against the previous year.
In value terms, ferro-chromium exports reduced to $349M in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year.
| Export of Ferro-Chromium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 49.0 | 33.9 | 73.0 | 102 | 27.7% |
| Netherlands | 254 | 144 | 47.4 | 79.9 | -32.0% |
| South Korea | 34.3 | 29.8 | 78.9 | 61.3 | 21.4% |
| Slovenia | 1.1 | 15.9 | 6.4 | 23.3 | 176.7% |
| Taiwan (Chinese) | 12.4 | 17.9 | 19.9 | 19.9 | 17.1% |
| Ukraine | 4.0 | 2.2 | 10.4 | 16.6 | 60.7% |
| Italy | 14.1 | 11.0 | 11.3 | 10.6 | -9.1% |
| China | 6.8 | 10.7 | 51.3 | 8.6 | 8.1% |
| United States | 32.2 | 13.7 | 24.0 | N/A | -13.7% |
| Others | 56.7 | 30.9 | 64.9 | 26.5 | -22.4% |
| Total | 465 | 310 | 387 | 349 | -9.1% |
Top Export Markets for Ferro-Chromium from Russia in 2022:
- Netherlands (64.7K tons)
- Japan (63.4K tons)
- South Korea (32.3K tons)
- Slovenia (28.6K tons)
- Taiwan (Chinese) (14.2K tons)
- China (9.1K tons)
- Ukraine (8.3K tons)
- Italy (4.8K tons)
Ferro-Chromium Imports in Russia
In 2022, imports of ferro-chromium into Russia shrank remarkably to 14K tons, waning by -25.6% compared with the year before. Overall, imports showed a sharp decline. The growth pace was the most rapid in 2021 with an increase of 105% against the previous year.
In value terms, ferro-chromium imports shrank significantly to $18M in 2022. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 81%.
| Import of Ferro-Chromium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 22.1 | 11.2 | 22.4 | 17.5 | -7.5% |
| India | N/A | 1.1 | 0.6 | 0.6 | -26.1% |
| Iran | 11.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.5 | 0.3 | N/A | 73.2% |
| Total | 33.7 | 12.9 | 23.3 | 18.1 | -18.7% |
Top Suppliers of Ferro-Chromium to Russia in 2022:
- Kazakhstan (13.0K tons)
- India (0.5K tons)
This report provides an in-depth analysis of the ferro-chromium market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
503
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