Finland: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Finland

The Finnish ferro-chromium market rose significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a measured increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ferro-Chromium Production in Finland

In value terms, ferro-chromium production fell to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Ferro-chromium production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Ferro-Chromium Exports

Exports from Finland

In 2022, ferro-chromium exports from Finland fell significantly to X tons, which is down by X% compared with the previous year. Overall, total exports indicated a resilient 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-chromium exports shrank slightly to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Sweden (X tons) were the main destinations of ferro-chromium exports from Finland, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Sweden ($X) appeared to be the largest markets for ferro-chromium exported from Finland worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

The average ferro-chromium export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Ferro-Chromium Imports

Imports into Finland

In 2022, purchases abroad of ferro-chromium decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Kazakhstan (X tons) and the Netherlands (X tons) were the main suppliers of ferro-chromium imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-chromium suppliers to Finland were Turkey ($X), the Netherlands ($X) and Kazakhstan ($X), together comprising X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average ferro-chromium import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a strong 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. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform