Report Update Nov 1, 2024

Luxembourg - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Chromium Market 2021

Chromium Market Size in Luxembourg

In 2020, the Luxembourg chromium market decreased by -X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Chromium consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Chromium Exports

Exports from Luxembourg

In 2020, approx. X kg of chromium were exported from Luxembourg; growing by X% against the previous year's figure. Overall, exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, chromium exports amounted to $X in 2020. Over the period under review, exports continue to indicate a strong increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for chromium exports from Luxembourg, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany amounted to +X%.

In value terms, Germany ($X) also remains the key foreign market for chromium exports from Luxembourg.

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

Export Prices by Country

In 2020, the average chromium export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted temperate growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is likely to continue growth in years to come.

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

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

Chromium Imports

Imports into Luxembourg

In 2020, purchases abroad of chromium was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

In value terms, chromium imports declined to $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tons) was the main chromium supplier to Luxembourg, accounting for a X% share of total imports. Moreover, chromium imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value from Germany stood at -X%.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, import price indicated a modest expansion 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 increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2013 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 the UK ($X per ton), while the price for Germany 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, comprising approx. 46% of total volume. Moreover, chromium consumption in South Africa exceeded the figures recorded by the second-largest consumer, Turkey, twofold. Kazakhstan ranked third in terms of total consumption with a 13% share.

What are the largest producers of chromium in the world?

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

What are the leading suppliers of chromium to Luxembourg?

In value terms, Germany constituted the largest supplier of chromium to Luxembourg, comprising 71% of total imports. The second position in the ranking was occupied by the UK, with a 29% share of total imports.

What are the leading importers of chromium from Luxembourg?

In value terms, Germany remains the key foreign market for chromium exports from Luxembourg.

What is the average export price for chromium in Luxembourg?

The average chromium export price stood at $15,093 per ton in 2020, surging by 3.7% against the previous year.

What is the average import price for chromium in Luxembourg?

In 2020, the average chromium import price amounted to $10,222 per ton, declining by -15.5% against the previous year.

This report provides an in-depth analysis of the chromium market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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