Scandinavia: Ferro-Chromium Market 2024

Ferro-Chromium Market Size in Scandinavia

For the third consecutive year, the Scandinavia ferro-chromium market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Ferro-Chromium Production in Scandinavia

In value terms, ferro-chromium production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a remarkable increase 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Ferro-Chromium Exports

Exports in Scandinavia

In 2023, shipments abroad of ferro-chromium decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated prominent growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-chromium exports shrank sharply to $X in 2023. Total exports indicated a resilient increase 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. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted significantly in the following year.

Exports by Country

Finland was the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Sweden (X tons), achieving a X% share of total exports.

Finland was also the fastest-growing in terms of the ferro-chromium exports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) displayed positive paces of growth. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest ferro-chromium supplying countries in Scandinavia were Finland ($X) and Sweden ($X).

Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a mild increase 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 pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

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

Ferro-Chromium Imports

Imports in Scandinavia

In 2023, supplies from abroad of ferro-chromium decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then declined slightly in the following year.

In value terms, ferro-chromium imports declined to $X in 2023. Over the period under review, imports, however, saw a noticeable expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Sweden represented the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Finland (X tons), achieving a X% share of total imports.

Sweden was also the fastest-growing in terms of the ferro-chromium imports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported ferro-chromium in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

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

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then shrank in the following year.

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

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

Source: IndexBox Platform