South-Eastern Asia: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in South-Eastern Asia

The Southeast Asian ferro-chromium market skyrocketed to $X in 2023, rising by X% against the previous year. In general, consumption showed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ferro-Chromium Production in South-Eastern Asia

In value terms, ferro-chromium production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Ferro-Chromium Exports

Exports in South-Eastern Asia

In 2023, exports of ferro-chromium in South-Eastern Asia skyrocketed to X tons, jumping by X% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, ferro-chromium exports soared to $X in 2023. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Vietnam (X tons) represented the largest exporter of ferro-chromium, generating X% of total exports. Singapore (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held near X% share of total exports. Indonesia (X tons) held a little share of total exports.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) emerged as the largest ferro-chromium supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

In Vietnam, ferro-chromium exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Chromium Imports

Imports in South-Eastern Asia

Ferro-chromium imports soared to X tons in 2023, with an increase of X% compared with 2022. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-chromium imports soared to $X in 2023. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Indonesia dominates imports structure, reaching X tons, which was near X% of total imports in 2023. Thailand (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the ferro-chromium imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) displayed positive paces of growth. While the share of Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) constitutes the largest market for imported ferro-chromium in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

In Indonesia, ferro-chromium imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia amounted to $X per ton.

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

Source: IndexBox Platform