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U.S. - Chromium - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Chromium Market 2021

Chromium Market Size in the U.S.

In 2020, after three years of growth, there was significant decline in the U.S. chromium market, when its value decreased by -X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Chromium consumption peaked at $X in 2019, and then reduced markedly in the following year.

Chromium Exports

Exports from the U.S.

In 2020, overseas shipments of chromium decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, chromium exports reduced slightly to $X in 2020. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X tons) was the main destination for chromium exports from the U.S., with a X% share of total exports. Moreover, chromium exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was occupied by Malaysia (X tons), with a X% share.

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

In value terms, Canada ($X), the Netherlands ($X) and Malaysia ($X) appeared to be the largest markets for chromium exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Germany, Mexico, the UK and Switzerland, which together accounted for a further X the main countries of destination, Switzerland recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per ton), while the average price for exports to Canada ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Chromium Imports

Imports into the U.S.

After three years of growth, purchases abroad of chromium decreased by -X% to X tons in 2020. In general, imports, however, posted mild growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2019, and then contracted rapidly in the following year.

In value terms, chromium imports dropped significantly to $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then contracted notably in the following year.

Imports by Country

Russia (X tons), France (X tons) and the UK (X tons) were the main suppliers of chromium imports to the U.S., with a combined X% share of total imports. China, Germany and India lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in India (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the UK ($X) and France ($X) constituted the largest chromium suppliers to the U.S., with a combined X% share of total imports. These countries were followed by China, Germany and India, which together accounted for a further X terms of the main suppliers, India 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. Over the period under review, the import price saw a mild reduction. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?

The country with the largest volume of chromium consumption was South Africa, accounting for 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 remains the largest chromium producing country worldwide, comprising approx. 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 the U.S.?

In value terms, Russia, the UK and France constituted the largest chromium suppliers to the U.S., together accounting for 80% of total imports. China, Germany and India lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of chromium from the U.S.?

In value terms, the largest markets for chromium exported from the U.S. were Canada, the Netherlands and Malaysia, together accounting for 62% of total exports. Germany, Mexico, the UK and Switzerland lagged somewhat behind, together comprising a further 24%.

What is the average export price for chromium in the U.S.?

In 2020, the average chromium export price amounted to $18,323 per ton, with an increase of 5.5% against the previous year.

What is the average import price for chromium in the U.S.?

In 2020, the average chromium import price amounted to $8,278 per ton, which is down by -22.6% against the previous year.

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

United States

Data coverage:

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