South-Eastern Asia: Chromium Market 2021

Chromium Market Size in South-Eastern Asia

The Southeast Asian chromium market contracted slightly to $X in 2020, therefore, remained relatively stable against the previous year. In general, consumption saw a noticeable descent. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Chromium Production in South-Eastern Asia

In value terms, chromium production totaled $X in 2020 estimated in export prices. Overall, production recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in South-Eastern Asia

The Philippines (X tons) remains the largest chromium producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, chromium production in the Philippines exceeded the figures recorded by the second-largest producer, Vietnam (X tons), eightfold.

In the Philippines, chromium production declined by an average annual rate of -X% over the period from 2007-2020.

Chromium Exports

Exports in South-Eastern Asia

In 2020, shipments abroad of chromium was finally on the rise to reach X tons after three years of decline. Over the period under review, exports showed tangible growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, chromium exports contracted markedly to $X in 2020. Overall, exports continue to indicate mild growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from Singapore (X tons), together accounting for X% of total export.

Singapore was also the fastest-growing in terms of the chromium exports, with a CAGR of +X% from 2007 to 2020. Singapore (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest chromium supplier in South-Eastern Asia.

From 2007 to 2020, the average annual growth rate of value in Singapore totaled +X%.

Export Prices by Country

In 2020, the chromium export price in South-Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019, and then fell markedly in the following year.

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

From 2007 to 2020, the rate of growth in terms of prices for Singapore amounted to -X% per year.

Chromium Imports

Imports in South-Eastern Asia

Chromium imports reached X tons in 2020, remaining constant against 2019 figures. Overall, imports recorded a tangible increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, chromium imports rose sharply to $X in 2020. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

The countries with the highest levels of chromium imports in 2020 were Thailand (X tons), Indonesia (X tons) and Malaysia (X tons), together amounting to X% of total import. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together achieving a X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

Thailand recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The chromium import price in South-Eastern Asia stood at $X per ton in 2020, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2013 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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