Brazil: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Brazil

The Brazilian ferro-chromium market declined remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ferro-Chromium Production in Brazil

In value terms, ferro-chromium production dropped sharply to $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Ferro-Chromium Exports

Exports from Brazil

In 2022, approx. X tons of ferro-chromium were exported from Brazil; growing by X% against the previous year. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ferro-chromium exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ferro-chromium exports from Brazil, accounting for a X% share of total exports. Moreover, ferro-chromium exports to China exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) remains the key foreign market for ferro-chromium exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Brazil

In 2022, purchases abroad of ferro-chromium increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ferro-chromium imports surged to $X in 2022. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of ferro-chromium to Brazil, with a X% share of total imports. Moreover, ferro-chromium imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Switzerland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Switzerland (X% per year).

In value terms, the largest ferro-chromium suppliers to Brazil were Sweden ($X), China ($X) and Germany ($X), together accounting for X% of total imports. Kazakhstan, Switzerland, India, South Africa, Russia and Turkey lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-chromium import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-chromium import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform