Report Update Nov 1, 2024

Hong Kong SAR, China - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Chromium Market 2021

Chromium Market Size in Hong Kong SAR, China

The Hong Kong chromium market was finally on the rise to reach $X in 2020, after three years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Chromium Exports

Exports from Hong Kong SAR, China

In 2020, overseas shipments of chromium decreased by -X% to X kg for the first time since 2017, thus ending a two-year rising trend. In general, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, chromium exports declined rapidly to $X in 2020. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

China (X kg) was the main destination for chromium exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to China stood at -X%.

In value terms, China ($X) also remains the key foreign market for chromium exports from Hong Kong SAR.

From 2007 to 2020, the average annual growth rate of value to China totaled -X%.

Export Prices by Country

In 2020, the average chromium export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Chromium Imports

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in supplies from abroad of chromium, which increased by X% to X tons in 2020. Overall, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, chromium imports skyrocketed to $X in 2020. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tons) was the main chromium supplier to Hong Kong SAR, with a X% share of total imports. Moreover, chromium imports from the UK exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the UK stood at -X%.

In value terms, the UK ($X) constituted the largest supplier of chromium to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the UK totaled +X%.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, almost unchanged from the previous year. Overall, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the UK totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

South Africa constituted the country with the largest volume of chromium consumption, accounting for 46% of total volume. Moreover, chromium consumption in South Africa exceeded the figures recorded by the second-largest consumer, Turkey, twofold. The third position in this ranking was occupied by Kazakhstan, with a 13% share.

What are the largest producers of chromium in the world?

South Africa remains the largest chromium producing country worldwide, comprising approx. 46% of total volume. Moreover, chromium production in South Africa exceeded the figures recorded by the second-largest producer, Turkey, twofold. Kazakhstan ranked third in terms of total production with a 13% share.

What are the leading suppliers of chromium to Hong Kong SAR, China?

In value terms, the UK constituted the largest supplier of chromium to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 12% share of total imports.

What are the leading importers of chromium from Hong Kong SAR, China?

In value terms, China remains the key foreign market for chromium exports from Hong Kong SAR.

What is the average export price for chromium in Hong Kong SAR, China?

In 2020, the average chromium export price amounted to $142,617 per ton, jumping by 147% against the previous year.

What is the average import price for chromium in Hong Kong SAR, China?

In 2020, the average chromium import price amounted to $21,231 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the chromium market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023