EU: Chromium Market 2021

Chromium Market Size in the EU

The EU chromium market dropped slightly to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption showed a notable increase. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Chromium Production in the EU

In value terms, chromium production fell to $X in 2020 estimated in export prices. Overall, production saw a slight increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production By Country in the EU

The country with the largest volume of chromium production was Finland (X tons), accounting for X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Finland stood at +X%.

Chromium Exports

Exports in the EU

In 2020, approx. X tons of chromium were exported in the European Union; shrinking by -X% compared with the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2019, and then declined in the following year.

In value terms, chromium exports reduced rapidly to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

France was the key exporting country with an export of around X tons, which finished at X% of total exports. The Netherlands (X tons) occupied the second position in the ranking, distantly followed by Germany (X tons) and Spain (X tons). All these countries together took near X% share of total exports. Belgium (X tons) took a relatively small share of total exports.

From 2007 to 2020, the biggest increases were in Spain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest chromium supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In France, chromium exports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2020, the chromium export price in the European Union amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the export price figures.

Chromium Imports

Imports in the EU

In 2020, purchases abroad of chromium decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of import peaked at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, chromium imports fell dramatically to $X in 2020. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tons) was the major importer of chromium, constituting X% of total imports. It was distantly followed by Italy (X tons), Spain (X tons), Belgium (X tons), the Netherlands (X tons), Austria (X tons) and Sweden (X tons), together constituting a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to chromium imports into Germany stood at -X%. At the same time, Spain (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. Sweden and Belgium experienced a relatively flat trend pattern. By contrast, Austria (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), Spain (+X p.p.), Italy (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported chromium in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

In Germany, chromium imports decreased by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Italy (-X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2020, the chromium import price in the European Union amounted to $X per ton, dropping by -X% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($X per ton) and Austria ($X per ton), while Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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