Switzerland: Chromium Market 2021

Chromium Market Size in Switzerland

The Swiss chromium market was finally on the rise to reach $X in 2020, after two years of decline. Overall, consumption showed a slight expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Chromium consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Chromium Exports

Exports from Switzerland

In 2020, exports of chromium from Switzerland fell to X tons, waning by -X% compared with 2019. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, chromium exports plummeted to $X in 2020. In general, exports faced a deep reduction. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tons), Brazil (X tons) and Germany (X tons) were the main destinations of chromium exports from Switzerland, with a combined X% share of total exports. The UK lagged somewhat behind, accounting for a further X%. Moreover, chromium exports in the U.S. exceeded the figures recorded by the second-largest exporter, Brazil, twofold.

From 2007 to 2020, the biggest increases were in the UK, while shipments for the other leaders experienced mixed trend patterns.

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

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Germany (-X% per year).

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. From 2016 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 foreign markets. In 2020, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($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 Brazil, while the prices for the other major destinations experienced a decline.

Chromium Imports

Imports into Switzerland

In 2020, approx. X tons of chromium were imported into Switzerland; increasing by X% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, chromium imports rose sharply to $X in 2020. Overall, total imports indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tons) constituted the largest chromium supplier to Switzerland, with a X% share of total imports. Moreover, chromium imports from Germany exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), twofold. France (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 Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

In value terms, Germany ($X), the U.S. ($X) and France ($X) constituted the largest chromium suppliers to Switzerland, with a combined X% share of total imports.

In terms of the main suppliers, the U.S. recorded the highest rates of growth with regard to 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, which is down by -X% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2009 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2010 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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