Benelux: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Benelux

After three years of growth, the Benelux ferro-chromium market decreased by X% to $X in 2023. The total consumption indicated a modest 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, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Ferro-Chromium Production in Benelux

In value terms, ferro-chromium production rose sharply to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Chromium Exports

Exports in Benelux

In 2023, shipments abroad of ferro-chromium decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-chromium exports contracted to $X in 2023. Over the period under review, exports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

The Netherlands represented the main exporter of ferro-chromium in Benelux, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belgium (X tons), committing a X% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of ferro-chromium. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest ferro-chromium supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands totaled X%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price, however, posted a pronounced increase. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

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

Ferro-Chromium Imports

Imports in Benelux

After three years of growth, supplies from abroad of ferro-chromium decreased by X% to X tons in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its volume 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 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell rapidly in the following year.

In value terms, ferro-chromium imports dropped remarkably to $X in 2023. Over the period under review, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined sharply in the following year.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%).

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2023.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated mild 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. Based on 2023 figures, ferro-chromium import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform