Spain: Chromium Market 2021

Chromium Market Size in Spain

The Spanish chromium market dropped remarkably to $X in 2020, waning by -X% against the previous year. In general, consumption saw a abrupt contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Chromium Production in Spain

In value terms, chromium production shrank sharply to $X in 2020 estimated in export prices. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2020, production growth remained at a somewhat lower figure.

Chromium Exports

Exports from Spain

In 2020, exports of chromium from Spain amounted to X tons, approximately equating the previous year's figure. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. From 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, chromium exports fell sharply to $X in 2020. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tons), France (X tons) and Germany (X tons) were the main destinations of chromium exports from Spain, with a combined X% share 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 Germany, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), France ($X) and Germany ($X) constituted the largest markets for chromium exported from Spain worldwide, with a combined X% share of total exports.

Germany recorded 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

The average chromium export price stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Hungary ($X per ton) and Germany ($X per ton), while the average price for exports to the U.S. ($X per ton) and Austria ($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 Austria, while the prices for the other major destinations experienced a decline.

Chromium Imports

Imports into Spain

In 2020, supplies from abroad of chromium increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate temperate growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, chromium imports expanded markedly to $X in 2020. Overall, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, France (X tons) constituted the largest chromium supplier to Spain, with a X% share of total imports. Moreover, chromium imports from France exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and the UK (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and the UK (+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 saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were the Netherlands ($X per ton) and France ($X per ton), while the price for Russia ($X per ton) and the UK ($X per ton) were 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 a decline.

Source: IndexBox Platform

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