Italy: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Italy

In 2022, the Italian ferro-chromium market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption recorded a noticeable downturn. Ferro-chromium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ferro-Chromium Production in Italy

In value terms, ferro-chromium production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Ferro-chromium production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Ferro-Chromium Exports

Exports from Italy

In 2022, overseas shipments of ferro-chromium decreased by X% to X tons, falling for the fifth year in a row after six years of growth. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, ferro-chromium exports surged to $X in 2022. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for ferro-chromium exports from Italy, accounting for a X% share of total exports. Moreover, ferro-chromium exports to Austria exceeded the volume sent to the second major destination, Slovenia (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Germany (X% per year).

In value terms, Austria ($X) emerged as the key foreign market for ferro-chromium exports from Italy, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated tangible growth 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 export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Chromium Imports

Imports into Italy

In 2022, overseas purchases of ferro-chromium increased by X% to X tons, rising for the second consecutive year after eight years of decline. Overall, imports, however, faced a dramatic setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-chromium imports surged to $X in 2022. Over the period under review, imports, however, faced a dramatic descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of ferro-chromium imports to Italy, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), the Netherlands ($X) and Turkey ($X) appeared to be the largest ferro-chromium suppliers to Italy, together comprising X% of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ferro-chromium import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform