EU: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in the EU

In 2023, after two years of growth, there was significant decline in the EU ferro-chromium market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Ferro-Chromium Production in the EU

In value terms, ferro-chromium production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Ferro-Chromium Exports

Exports in the EU

In 2023, shipments abroad of ferro-chromium decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, ferro-chromium exports dropped to $X in 2023. In general, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Finland (X tons) and the Netherlands (X tons) were the largest exporters of ferro-chromium in 2023, resulting at near X% and X% of total exports, respectively. Sweden (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%). Germany (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Belgium, Germany and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, reducing by X% against the previous year. Export price indicated slight growth 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Ferro-Chromium Imports

Imports in the EU

After two years of growth, purchases abroad of ferro-chromium decreased by X% to X tons in 2023. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, ferro-chromium imports shrank significantly to $X in 2023. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023. Spain (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%), Sweden (X%) and France (X%). Austria (X tons) followed a long way behind the leaders.

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

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 the European Union stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated moderate growth 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 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform