Finland: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Finland

The Finnish ferro-chromium market surged to $X in 2023, growing by X% against the previous year. Overall, consumption showed buoyant growth. Ferro-chromium consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Ferro-Chromium Production in Finland

In value terms, ferro-chromium production stood at $X in 2023 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 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. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Ferro-Chromium Exports

Exports from Finland

For the third consecutive year, Finland recorded decline in shipments abroad of ferro-chromium, which decreased by X% to X tons in 2023. Over the period under review, total exports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, ferro-chromium exports shrank to $X in 2023. In general, total exports indicated a prominent expansion from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

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

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

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

Among 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 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2022, and then reduced in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Spain ($X per ton), while the average price for exports to Indonesia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Finland

In 2023, approx. X tons of ferro-chromium were imported into Finland; growing by X% compared with the previous year. In general, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports expanded significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of ferro-chromium imports to Finland, together comprising X% of total imports. Turkey and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, 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, South Africa ($X), the Netherlands ($X) and Sweden ($X) constituted the largest ferro-chromium suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, Sweden, 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

In 2023, the average ferro-chromium import price amounted to $X per ton, reducing by X% against the previous year. In general, import price indicated notable 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. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then fell sharply in the following year.

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 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform