Report Update Nov 1, 2024

Thailand - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Chromium Market 2021

Chromium Market Size in Thailand

The Thai chromium market declined remarkably to $X in 2020, which is down 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). Overall, consumption, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Chromium Exports

Exports from Thailand

For the fourth year in a row, Thailand recorded decline in overseas shipments of chromium, which decreased by -X% to X kg in 2020. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, chromium exports declined rapidly to $X in 2020. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Japan amounted to +X%.

In value terms, Japan ($X) also remains the key foreign market for chromium exports from Thailand.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled -X%.

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, surging by X% against the previous year. Overall, export price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, chromium export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The export price peaked in 2020 and is expected to retain growth in years to come.

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

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

Chromium Imports

Imports into Thailand

Chromium imports into Thailand dropped markedly to X tons in 2020, which is down by -X% against the previous year. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, chromium imports contracted notably to $X in 2020. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons), the UK (X tons) and China (X tons) were the main suppliers of chromium imports to Thailand, 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 U.S., while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average chromium import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2012 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 the U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

South Africa remains the largest chromium consuming country worldwide, comprising approx. 46% of total volume. Moreover, chromium consumption in South Africa exceeded the figures recorded by the second-largest consumer, Turkey, twofold. Kazakhstan ranked third in terms of total consumption 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, comprising approx. 46% of total volume. Moreover, chromium production in South Africa exceeded the figures recorded by the second-largest producer, Turkey, twofold. The third position in this ranking was occupied by Kazakhstan, with a 13% share.

What are the leading suppliers of chromium to Thailand?

In value terms, the U.S. constituted the largest supplier of chromium to Thailand, comprising 61% of total imports. The second position in the ranking was occupied by the UK, with a 18% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of chromium from Thailand?

In value terms, Japan $325) remains the key foreign market for chromium exports from Thailand.

What is the average export price for chromium in Thailand?

The average chromium export price stood at $27,083 per ton in 2020, surging by 11% against the previous year.

What is the average import price for chromium in Thailand?

In 2020, the average chromium import price amounted to $13,293 per ton, approximately equating the previous year.

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

Thailand

Data coverage:

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