Report Update Nov 1, 2024

Northern America - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Market for Chromium Ores and Concentrates 2024

Exports of Chromium Ores and Concentrates

Exports in Northern America

In 2022, chromium ore and concentrate exports in Northern America fell to X tons, which is down by -12.6% on the previous year. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports declined to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 97% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 96% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the chromium ores and concentrates exports, with a CAGR of -7.7% from 2012 to 2022. Canada (-23.6%) illustrated a downward trend over the same period. While the share of the United States (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-16.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest chromium ore and concentrate supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -8.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 9.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%).

Imports of Chromium Ores and Concentrates

Imports in Northern America

In 2022, approx. X tons of chromium ores and concentrates were imported in Northern America; reducing by -16% on the previous year. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 113% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports rose markedly to $X in 2022. Overall, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 62% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, recording X tons, which was near 92% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 7.8% share of total imports.

Imports into the United States decreased at an average annual rate of -7.8% from 2012 to 2022. Canada experienced a relatively flat trend pattern. Canada (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported chromium ores and concentrates in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -11.5%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 26% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 when the import price increased by 78%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium ores and concentrates in Northern America?

The country with the largest volume of chromium ore and concentrate consumption was the United States, accounting for 94% of total volume. Moreover, chromium ore and concentrate consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, more than tenfold.

What are the leading exporters of chromium ores and concentrates in Northern America?

In value terms, the United States remains the largest chromium ore and concentrate supplier in Northern America, comprising 93% of total exports. The second position in the ranking was occupied by Canada, with a 6.8% share of total exports.

What are the leading importers of chromium ores and concentrates in Northern America?

In value terms, the United States constitutes the largest market for imported chromium ores and concentrates in Northern America, comprising 86% of total imports. The second position in the ranking was occupied by Canada, with a 14% share of total imports.

What is the average export price for chromium ores and concentrates in Northern America?

In 2021, the export price in Northern America amounted to $487 per ton, declining by -11.4% against the previous year.

What is the average import price for chromium ores and concentrates in Northern America?

In 2021, the import price in Northern America amounted to $212 per ton, with an increase of 4.7% against the previous year.

This report provides an in-depth analysis of the market for chromium ore and concentrate in Northern America. 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 2030.

Product coverage:

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023