Europe: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Europe

In 2023, the Europe ferro-chromium market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Ferro-Chromium Production in Europe

In value terms, ferro-chromium production rose significantly to $X in 2023 estimated in export price. The total production indicated a slight expansion 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Ferro-Chromium Exports

Exports in Europe

In 2023, overseas shipments of ferro-chromium decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-chromium exports fell to $X in 2023. Overall, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The shipments of the three major exporters of ferro-chromium, namely Russia, Finland and the Netherlands, represented more than two-thirds of total export. Albania (X tons) ranks next in terms of the total exports with a X% share, followed by Sweden (X%) and Belgium (X%). Germany (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Albania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Netherlands ($X) and Finland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Sweden, Albania, Belgium and Germany lagged somewhat behind, together comprising a further X%.

Albania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a mild expansion 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Albania (X%), while the other leaders experienced more modest paces of growth.

Ferro-Chromium Imports

Imports in Europe

In 2023, overseas purchases of ferro-chromium decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, ferro-chromium imports shrank significantly to $X in 2023. Over the period under review, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 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. Spain (X tons) took the next position in the ranking, followed by Germany (X tons), Sweden (X tons), France (X tons) and the UK (X tons). All these countries together held near X% share of total imports.

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

In value terms, the largest ferro-chromium importing markets in Europe were Belgium ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price 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, ferro-chromium import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform