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South Africa - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Chromium Market 2021

Chromium Market Size in South Africa

In 2020, the South African chromium market decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2011 to 2020, the growth of the market failed to regain the momentum.

Chromium Production in South Africa

In value terms, chromium production reduced to $X in 2020 estimated in export prices. Over the period under review, production saw a pronounced curtailment. The pace of growth was the most pronounced in 2010 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2011 to 2020, production growth remained at a lower figure.

Chromium Exports

Exports from South Africa

For the tenth consecutive year, South Africa recorded growth in shipments abroad of chromium, which increased by X% to X tons in 2020. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, chromium exports skyrocketed to $X in 2020. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons) was the main destination for chromium exports from South Africa, with a X% share of total exports. Moreover, chromium exports to Austria exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Canada (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Austria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Canada (+X% per year).

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

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

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese), while the prices for the other major destinations experienced a decline.

Chromium Imports

Imports into South Africa

In 2020, supplies from abroad of chromium decreased by -X% to X tons, falling for the third consecutive year after four years of growth. In general, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, chromium imports fell rapidly to $X in 2020. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

The UK (X tons) and France (X kg) were the main suppliers of chromium imports to South Africa, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in the UK.

In value terms, France ($X) and the UK ($X) appeared to be the largest chromium suppliers to South Africa, together comprising X% of total imports.

The UK saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2020, the average chromium import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

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

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

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. Kazakhstan ranked third in terms of total consumption with a 13% share.

What are the largest producers of chromium in the world?

South Africa constituted the country with the largest volume of chromium production, comprising approx. 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 South Africa?

In value terms, France and the UK constituted the largest chromium suppliers to South Africa, with a combined 97% share of total imports.

What are the leading importers of chromium from South Africa?

In value terms, Japan remains the key foreign market for chromium exports from South Africa, comprising 56% of total exports. The second position in the ranking was occupied by Austria, with a 25% share of total exports. It was followed by Germany, with a 14% share.

What is the average export price for chromium in South Africa?

The average chromium export price stood at $8,785 per ton in 2020, declining by -21.3% against the previous year.

What is the average import price for chromium in South Africa?

The average chromium import price stood at $11,531 per ton in 2020, with an increase of 16% against the previous year.

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

South Africa

Data coverage:

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