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

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Norway: Chromium Market 2021

Chromium Market Size in Norway

In 2020, the Norwegian chromium market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption, however, showed a strong expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Chromium consumption peaked at $X in 2019, and then contracted markedly in the following year.

Chromium Production in Norway

In value terms, chromium production surged to $X in 2020 estimated in export prices. Overall, production, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2009 when the production volume increased by X% year-to-year. Chromium production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Chromium Exports

Exports from Norway

After two years of decline, overseas shipments of chromium decreased by X% to X kg in 2020. Overall, exports faced a sharp decrease. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, chromium exports amounted to $X in 2020. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for chromium exports from Norway, with a approx. X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to the UK was relatively modest.

From 2007 to 2017, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average chromium export price stood at $X per ton in 2017, almost unchanged from the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The export price peaked in 2017 and is likely to see steady growth in years to come.

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

From 2007 to 2017, the rate of growth in terms of prices for the UK amounted to X% per year.

Chromium Imports

Imports into Norway

In 2020, the amount of chromium imported into Norway declined rapidly to X tons, with a decrease of -X% on the previous year. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, chromium imports dropped rapidly to $X in 2020. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2019, and then contracted sharply in the following year.

Imports by Country

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

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

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

In 2020, the average chromium import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average import price increased by 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.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

The country with the largest volume of chromium consumption was South Africa, comprising approx. 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?

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 Norway?

In value terms, Germany constituted the largest supplier of chromium to Norway, comprising 97% of total imports. The second position in the ranking was occupied by the Netherlands, with a 2.9% share of total imports.

What is the average export price for chromium in Norway?

In 2017, the average chromium export price amounted to $31,128 per ton, standing approx. at the previous year.

What is the average import price for chromium in Norway?

In 2020, the average chromium import price amounted to $7,695 per ton, waning by -8% against the previous year.

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

Norway

Data coverage:

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