United Arab Emirates: Chromium Market 2021

Chromium Market Size in the United Arab Emirates

The chromium market in the United Arab Emirates amounted to $X in 2020, growing by X% against the previous year. Overall, consumption saw a moderate expansion. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Chromium consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Chromium Production in the United Arab Emirates

In value terms, chromium production amounted to $X in 2020 estimated in export prices. Overall, production continues to indicate a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Chromium Exports

Exports from the United Arab Emirates

In 2020, overseas shipments of chromium decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at X tons in 2019, and then reduced sharply in the following year.

In value terms, chromium exports reduced remarkably to $X in 2020. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

India (X tons) was the main destination for chromium exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, chromium exports to India exceeded the volume sent to the second major destination, Iran (X kg), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-X% per year) and Saudi Arabia (-X% per year).

In value terms, India ($X) remains the key foreign market for chromium exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, almost unchanged from the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was India ($X per ton), while the average price for exports to Iran ($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 India, while the prices for the other major destinations experienced a decline.

Chromium Imports

Imports into the United Arab Emirates

Chromium imports into the United Arab Emirates declined significantly to X tons in 2020, waning by -X% against 2019. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, chromium imports dropped markedly to $X in 2020. Overall, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of chromium imports to the United Arab Emirates, 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 Germany (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chromium suppliers to the United Arab Emirates were Spain ($X), Russia ($X) and Germany ($X), with a combined X% share of total imports.

Germany recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, reducing by -X% against the previous year. Overall, the import price saw a mild decline. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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