Sweden: Chromium Market 2021

Chromium Market Size in Sweden

The Swedish chromium market contracted remarkably to $X in 2020, shrinking by -X% against 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). In general, consumption showed a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Chromium Exports

Exports from Sweden

In 2020, shipments abroad of chromium was finally on the rise to reach X tons for the first time since 2015, thus ending a four-year declining trend. Overall, exports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, chromium exports reached $X in 2020. In general, exports, however, saw a slight reduction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons) was the main destination for chromium exports from Sweden, with a X% share of total exports. Moreover, chromium exports to Germany exceeded the volume sent to the second major destination, Finland (X tons), twofold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Italy (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2020, the average chromium export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Portugal ($X per ton), while the average price for exports to Turkey ($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 Portugal, while the prices for the other major destinations experienced more modest paces of growth.

Chromium Imports

Imports into Sweden

In 2020, the amount of chromium imported into Sweden reduced to X tons, which is down by -X% against the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, chromium imports declined dramatically to $X in 2020. Over the period under review, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

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

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

In value terms, the largest chromium suppliers to Sweden were the Netherlands ($X), the UK ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, the Netherlands recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Russia ($X per ton) and the UK ($X per ton), while the price for the Netherlands ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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