Eastern Europe: Chromium Market 2021

Chromium Market Size in Eastern Europe

The East European chromium market dropped markedly to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption recorded a pronounced shrinkage. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Chromium Production in Eastern Europe

In value terms, chromium production plummeted to $X in 2020 estimated in export prices. Over the period under review, production saw a pronounced decrease. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Eastern Europe

Russia (X tons) constituted the country with the largest volume of chromium production, accounting for X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in Russia totaled -X%.

Chromium Exports

Exports in Eastern Europe

In 2020, the amount of chromium exported in Eastern Europe totaled X tons, flattening at the previous year's figure. Over the period under review, exports recorded temperate growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, chromium exports shrank notably to $X in 2020. In general, exports saw a pronounced increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The shipments of the one major exporters of chromium, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the chromium exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest chromium supplier in Eastern Europe.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia stood at +X%.

Export Prices by Country

The chromium export price in Eastern Europe stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Chromium Imports

Imports in Eastern Europe

In 2020, approx. X tons of chromium were imported in Eastern Europe; which is down by -X% against the year before. In general, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. From 2011 to 2020, the growth imports remained at a lower figure.

In value terms, chromium imports shrank notably to $X in 2020. Over the period under review, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then dropped dramatically in the following year.

Imports by Country

In 2020, the Czech Republic (X tons), distantly followed by Romania (X tons), Poland (X tons), Ukraine (X tons) and Russia (X tons) represented the major importers of chromium, together achieving X% of total imports. Hungary (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Poland, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest chromium importing markets in Eastern Europe were Romania ($X), the Czech Republic ($X) and Poland ($X), with a combined X% share of total imports.

Romania saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the chromium import price in Eastern Europe amounted to $X per ton, shrinking by -X% against the previous year. Import price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, chromium import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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