Report Update Nov 1, 2024

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

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Turkey: Chromium Market 2021

Chromium Market Size in Turkey

In 2020, the Turkish chromium market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is likely to continue growth in years to come.

Chromium Production in Turkey

In value terms, chromium production soared to $X in 2020 estimated in export prices. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Chromium production peaked in 2020 and is expected to retain growth in years to come.

Chromium Exports

Exports from Turkey

In 2020, exports of chromium from Turkey skyrocketed to X tons, increasing by X% on the year before. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, chromium exports soared to $X in 2020. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in years to come.

Exports by Country

Iran (X tons) was the main destination for chromium exports from Turkey, accounting for a approx. X% share of total exports.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value to Iran stood at +X%.

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

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

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

Chromium Imports

Imports into Turkey

Chromium imports into Turkey skyrocketed to X tons in 2020, growing by X% against 2019 figures. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, chromium imports soared to $X in 2020. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Russia (X tons) constituted the largest supplier of chromium to Turkey, with a X% share of total imports. Moreover, chromium imports from Russia exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), fourfold. The third position in this ranking was occupied by France (X tons), with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of chromium to Turkey, comprising X% of total imports. The second position in the ranking was occupied by France ($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 Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Uruguay ($X per ton) was 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 more modest paces of growth.

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 remains the largest chromium producing country worldwide, accounting for 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 Turkey?

In value terms, Russia constituted the largest supplier of chromium to Turkey, comprising 63% of total imports. The second position in the ranking was occupied by France, with a 13% share of total imports. It was followed by the UK, with a 12% share.

What are the leading importers of chromium from Turkey?

In value terms, Iran remains the key foreign market for chromium exports from Turkey.

What is the average export price for chromium in Turkey?

The average chromium export price stood at $7,434 per ton in 2020, shrinking by -46.6% against the previous year.

What is the average import price for chromium in Turkey?

The average chromium import price stood at $6,105 per ton in 2020, dropping by -33.2% against the previous year.

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

Turkey

Data coverage:

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