Report Update Nov 1, 2024

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

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Singapore: Chromium Market 2021

Chromium Market Size in Singapore

For the ninth year in a row, the Singaporean chromium market recorded decline in sales value, which decreased by -X% to $X in 2019. Over the period under review, consumption faced a drastic downturn. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2010 to 2019, the growth of the market remained at a somewhat lower figure.

Chromium Production in Singapore

In value terms, chromium production contracted to $X in 2020 estimated in export prices. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2019 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Chromium Exports

Exports from Singapore

After three years of decline, overseas shipments of chromium increased by X% to X tons in 2020. Over the period under review, exports recorded a moderate increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, chromium exports shrank notably to $X in 2020. Overall, exports showed temperate growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia (X tons), the U.S. (X tons) and China (X tons) were the main destinations of chromium exports from Singapore, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the U.S. ($X) and China ($X) were the largest markets for chromium exported from Singapore worldwide, together comprising X% of total exports.

Malaysia (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average chromium export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2019, and then fell significantly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Chromium Imports

Imports into Singapore

In 2020, purchases abroad of chromium decreased by -X% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, chromium imports reduced modestly to $X in 2020. Over the period under review, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

The U.S. (X tons), Sweden (X tons) and France (X tons) were the main suppliers of chromium imports to Singapore, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Sweden, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average chromium import price amounted to $X per ton, growing by X% against the previous year. In general, the import price enjoyed strong growth. The growth pace was the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Sweden ($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 mixed trend patterns.

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, accounting for 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. Kazakhstan ranked third in terms of total production with a 13% share.

What are the leading suppliers of chromium to Singapore?

In value terms, the U.S. constituted the largest supplier of chromium to Singapore, comprising 64% of total imports. The second position in the ranking was occupied by Sweden, with a 19% share of total imports.

What are the leading importers of chromium from Singapore?

In value terms, the largest markets for chromium exported from Singapore were Malaysia, the U.S. and China, together comprising 87% of total exports.

What is the average export price for chromium in Singapore?

The average chromium export price stood at $9,451 per ton in 2020, waning by -30% against the previous year.

What is the average import price for chromium in Singapore?

The average chromium import price stood at $29,039 per ton in 2020, rising by 7.8% against the previous year.

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

Singapore

Data coverage:

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