In 2023, the value of carbon ferrochromium imports, with chromium content between 0.5% and 3%, stood at $3.65 thousand per metric ton. The forecasted values for 2024 to 2028 show a consistent increase, with a CAGR of approximately 0.80% from 2024 to 2028. The year-on-year percentage variation from 2024 onwards indicates a stable upward trend, with values increasing incrementally each year.
Future trends to watch for:
- Impact of global economic conditions on import prices.
- Technological advancements affecting chromium usage in various industries.
- Regulatory changes impacting supply chain and import levels.
