Report Update Nov 1, 2024

Saudi Arabia - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Chromium Market 2021

Chromium Market Size in Saudi Arabia

The Saudi chromium market totaled $X in 2020, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Chromium Exports

Exports from Saudi Arabia

In 2020, chromium exports from Saudi Arabia was estimated at X kg, flattening at 2019. In general, exports showed a precipitous slump. Over the period under review, exports reached the maximum at X kg in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, chromium exports amounted to $X in 2020. Over the period under review, exports saw a sharp decline. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

South Korea (X kg) was the main destination for chromium exports from Saudi Arabia, with a approx. X% share of total exports.

From 2007 to 2016, the average annual rate of growth in terms of volume to South Korea was relatively modest.

From 2007 to 2016, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

In 2016, the average chromium export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a significant increase. As a result, export price attained 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 South Korea.

From 2007 to 2016, the rate of growth in terms of prices for South Korea amounted to X% per year.

Chromium Imports

Imports into Saudi Arabia

Chromium imports into Saudi Arabia totaled X tons in 2020, picking up by X% on the year before. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, chromium imports shrank sharply to $X in 2020. Overall, imports posted strong growth. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tons) constituted the largest supplier of chromium to Saudi Arabia, accounting for a X% share of total imports. Moreover, chromium imports from Spain exceeded the figures recorded by the second-largest supplier, the U.S. (X kg), tenfold.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest.

In value terms, the largest chromium suppliers to Saudi Arabia were Spain ($X) and the U.S. ($X), with a combined X% share of total imports.

Among the main suppliers, the U.S. saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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 the U.S. ($X per ton), while the price for Spain amounted to $X per ton.

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

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, comprising approx. 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 Saudi Arabia?

In value terms, Spain and the U.S. constituted the largest chromium suppliers to Saudi Arabia, together comprising 99% of total imports.

What is the average export price for chromium in Saudi Arabia?

In 2016, the average chromium export price amounted to $18,000 per ton, surging by 143% against the previous year.

What is the average import price for chromium in Saudi Arabia?

In 2020, the average chromium import price amounted to $9,606 per ton, reducing by -31.1% against the previous year.

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

Saudi Arabia

Data coverage:

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