United Arab Emirates: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in the United Arab Emirates

The ferro-chromium market in the United Arab Emirates soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ferro-Chromium Production in the United Arab Emirates

In value terms, ferro-chromium production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Ferro-Chromium Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of ferro-chromium were exported from the United Arab Emirates; shrinking by X% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ferro-chromium exports fell notably to $X in 2022. In general, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for ferro-chromium exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, ferro-chromium exports to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Albania (X tons), with a X% share.

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

In value terms, the largest markets for ferro-chromium exported from the United Arab Emirates were Saudi Arabia ($X), India ($X) and China ($X), together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-chromium export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a pronounced increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to India ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Chromium Imports

Imports into the United Arab Emirates

In 2022, the amount of ferro-chromium imported into the United Arab Emirates surged to X tons, increasing by X% on 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-chromium imports skyrocketed to $X in 2022. Overall, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-chromium to the United Arab Emirates, with a X% share of total imports. Moreover, ferro-chromium imports from India exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. The third position in this ranking was taken by Albania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Albania (X% per year).

In value terms, India ($X) constituted the largest supplier of ferro-chromium to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Albania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Albania (X% per year).

Import Prices by Country

The average ferro-chromium import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

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

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

Source: IndexBox Platform