Eastern Europe: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Eastern Europe

In 2023, the East European ferro-chromium market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Ferro-Chromium Production in Eastern Europe

In value terms, ferro-chromium production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Chromium Exports

Exports in Eastern Europe

In 2023, the amount of ferro-chromium exported in Eastern Europe rose significantly to X tons, with an increase of X% compared with the previous year. Overall, exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-chromium exports declined modestly to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then contracted in the following year.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ferro-chromium exports from Russia stood at X%. At the same time, the Czech Republic (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Russia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ferro-chromium supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports.

In Russia, ferro-chromium exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%).

Ferro-Chromium Imports

Imports in Eastern Europe

Ferro-chromium imports contracted dramatically to X tons in 2023, with a decrease of X% on 2022 figures. Overall, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports declined remarkably to $X in 2023. In general, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then contracted significantly in the following year.

Imports by Country

Poland (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Russia (X tons), Romania (X tons) and Ukraine (X tons), together constituting a X% share of total imports. Belarus (X tons) and Slovakia (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-chromium import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Romania ($X per ton) and Slovakia ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform