Report Update Nov 1, 2024

Sri Lanka - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Chromium Market 2021

Chromium Market Size in Sri Lanka

The Sri Lankan chromium market shrank slightly to $X in 2020, flattening at 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). Overall, consumption continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. Chromium consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Chromium Exports

Exports from Sri Lanka

Chromium exports from Sri Lanka declined dramatically to X kg in 2020, reducing by -X% against the previous year's figure. Over the period under review, exports, however, showed a significant increase. Exports peaked at X kg in 2019, and then declined rapidly in the following year.

In value terms, chromium exports declined significantly to $X in 2020. Overall, exports, however, saw significant growth. Over the period under review, exports attained the peak figure at $X in 2019, and then declined dramatically in the following year.

Exports by Country

Maldives (X kg) was the main destination for chromium exports from Sri Lanka, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Maldives was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average chromium export price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a deep setback. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Maldives amounted to X% per year.

Chromium Imports

Imports into Sri Lanka

After three years of decline, supplies from abroad of chromium decreased by X% to X kg in 2020. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X kg in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, chromium imports totaled $X in 2020. Overall, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X kg) and India (X kg) were the main suppliers of chromium imports to Sri Lanka.

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

In value terms, the largest chromium suppliers to Sri Lanka were Germany ($X) and India ($X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, approximately reflecting the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for Germany amounted to $X per ton.

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

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. The third position in this ranking was occupied by Kazakhstan, 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, 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 Sri Lanka?

In value terms, Germany $58) and India $52) appeared to be the largest chromium suppliers to Sri Lanka.

What is the average export price for chromium in Sri Lanka?

In 2019, the average chromium export price amounted to $4,618 per ton, remaining constant against the previous year.

What is the average import price for chromium in Sri Lanka?

The average chromium import price stood at $20,000 per ton in 2020, standing approx. at the previous year.

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

Sri Lanka

Data coverage:

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