Russian Federation: Chromium Market 2021

Chromium Market Size in the Russian Federation

The Russian chromium market dropped sharply to $X in 2020, shrinking by -X% against the previous year. In general, consumption recorded a perceptible decrease. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market failed to regain the momentum.

Chromium Production in the Russian Federation

In value terms, chromium production fell sharply to $X in 2020 estimated in export prices. Over the period under review, production saw a perceptible curtailment. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a somewhat lower figure.

Chromium Exports

Exports from the Russian Federation

In 2020, approx. X tons of chromium were exported from Russia; therefore, remained relatively stable against the previous year's figure. In general, exports posted notable growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, chromium exports shrank markedly to $X in 2020. Over the period under review, exports showed a temperate expansion. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for chromium exports from Russia, accounting for a X% share of total exports. Moreover, chromium exports to the Netherlands exceeded the volume sent to the second major destination, the U.S. (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Japan (+X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for chromium exports from Russia, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2020, the highest prices were recorded for prices to Japan ($X per ton) and India ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Chromium Imports

Imports into the Russian Federation

After three years of growth, purchases abroad of chromium decreased by -X% to X tons in 2020. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, chromium imports shrank remarkably to $X in 2020. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then reduced sharply in the following year.

Imports by Country

In 2020, Spain (X tons) constituted the largest chromium supplier to Russia, with a X% share of total imports. Moreover, chromium imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was occupied by Sweden (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Sweden (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of chromium to Russia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2020, the average chromium import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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