U.S. - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in the United States - 2023
Contents:
- Ferro-Chromium Price in the United States (CIF) - 2023
- Ferro-Chromium Price in the United States (FOB) - 2023
- Ferro-Chromium Imports in the United States
- Ferro-Chromium Exports in the United States
Ferro-Chromium Price in the United States (CIF) - 2023
The average ferro-chromium import price stood at $1,879 per ton in September 2023, falling by -38.9% against the previous month. Over the period under review, the import price showed a slight descent. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 99% m-o-m. Over the period under review, average import prices attained the peak figure at $3,669 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($5,204 per ton), while the price for Zimbabwe ($1,082 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.
Ferro-Chromium Price in the United States (FOB) - 2023
In September 2023, the average ferro-chromium export price amounted to $997 per ton, approximately reflecting the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 13% against the previous month. As a result, the export price reached the peak level of $1,151 per ton. From December 2022 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Mexico ($5,906 per ton), while the average price for exports to Canada totaled $992 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+13.1%).
Ferro-Chromium Imports in the United States
In 2022, the amount of ferro-chromium imported into the United States soared to 808K tons, increasing by 62% compared with the previous year's figure. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, ferro-chromium imports soared to $865M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ferro-Chromium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 88.6 | 54.0 | 75.2 | 325 | 54.2% |
| South Africa | 154 | 75.6 | 113 | 145 | -2.0% |
| Finland | 36.0 | 44.5 | 65.3 | 82.6 | 31.9% |
| Russia | 52.2 | 48.3 | 82.6 | 61.6 | 5.7% |
| Turkey | 13.7 | 4.1 | 13.1 | 51.1 | 55.1% |
| Brazil | 3.7 | 7.0 | 2.2 | 17.1 | 66.6% |
| India | 21.6 | 4.3 | 0.5 | 8.7 | -26.1% |
| Others | 71.2 | 65.9 | 109 | 174 | 34.7% |
| Total | 441 | 304 | 460 | 865 | 25.2% |
Top Suppliers of Ferro-Chromium to the United States in 2022:
- South Africa (294.2K tons)
- Kazakhstan (146.4K tons)
- Finland (134.0K tons)
- Turkey (40.0K tons)
- Brazil (10.3K tons)
- Russia (8.8K tons)
- India (8.4K tons)
Ferro-Chromium Exports in the United States
In 2022, approx. 7.7K tons of ferro-chromium were exported from the United States; flattening at 2021 figures. Overall, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, ferro-chromium exports soared to $30M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Chromium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.2 | 7.2 | 7.8 | 23.6 | 36.9% |
| India | 0.2 | 1.6 | 4.8 | 2.6 | 135.1% |
| Netherlands | 0.2 | N/A | N/A | 0.8 | 58.7% |
| Mexico | 0.6 | 0.8 | 0.8 | 0.8 | 10.1% |
| Others | 0.6 | 0.5 | 0.8 | 2.2 | 54.2% |
| Total | 10.7 | 10.2 | 14.3 | 30.1 | 41.2% |
Top Export Markets for Ferro-Chromium from the United States in 2022:
- Canada (5.1K tons)
- India (0.8K tons)
- Netherlands (0.2K tons)
- Mexico (0.1K tons)
This report provides an in-depth analysis of the ferro-chromium market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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