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Report World - Chromium - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Chromium Market 2021

Chromium Market Size

In 2020, the global chromium market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a temperate expansion from 2007 to 2020: its value increased 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, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Global consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Chromium Production

In value terms, chromium production reduced slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2020: its value increased 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, production 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. Global production peaked at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Production By Country

South Africa (X tons) remains the largest chromium producing country worldwide, accounting for X% of total volume. Moreover, chromium production in South Africa exceeded the figures recorded by the second-largest producer, Turkey (X tons), twofold. Kazakhstan (X tons) ranked third in terms of total production with a X% share.

In South Africa, chromium production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+X% per year) and Kazakhstan (+X% per year).

Chromium Exports

Exports

In 2020, overseas shipments of chromium decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Global exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, chromium exports dropped markedly to $X in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Global exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Russia (X tons), distantly followed by France (X tons), the UK (X tons), the Netherlands (X tons) and China (X tons) represented the major exporters of chromium, together committing X% of total exports. The following exporters - Germany (X tons) and Spain (X tons) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest chromium supplying countries worldwide were Russia ($X), France ($X) and the UK ($X), together comprising X% of global exports. The Netherlands, China, Germany and Spain lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average chromium export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Global export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the UK ($X per ton), while Spain ($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 other global leaders experienced more modest paces of growth.

Chromium Imports

Imports

In 2020, after four years of growth, there was significant decline in supplies from abroad of chromium, when their volume decreased by -X% to X tons. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, chromium imports declined sharply to $X in 2020. Over the period under review, imports showed a noticeable descent. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, global imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons), distantly followed by Germany (X tons), Japan (X tons), South Korea (X tons) and India (X tons) were the main importers of chromium, together committing X% of total imports. The following importers - Italy (X tons), Taiwan (Chinese) (X tons), Spain (X tons), Belgium (X tons), Canada (X tons), the UK (X tons), the Netherlands (X tons) and Austria (X tons) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported chromium worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average chromium import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Global import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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. The third position in this ranking was occupied by Kazakhstan, with a 13% share.
The country with the largest volume of chromium production was South Africa, 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.
In value terms, Russia, France and the UK were the countries with the highest levels of exports in 2020, with a combined 73% share of global exports. These countries were followed by the Netherlands, China, Germany and Spain, which together accounted for a further 19%.
In value terms, the U.S. constitutes the largest market for imported chromium worldwide, comprising 32% of global imports. The second position in the ranking was occupied by Germany, with a 16% share of global imports. It was followed by Japan, with a 12% share.
The average chromium export price stood at $8,149 per ton in 2020, dropping by -21.8% against the previous year.
In 2020, the average chromium import price amounted to $8,084 per ton, dropping by -19.6% against the previous year.

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

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Company coverage:

    Eurasian Resources Group, Voskhod Chrome, Yildirim Group, Tata Steel, Outokumpu, Albchrome, AK Steel Holding Corp., North American Stainless Co., Allegheny Technologies Inc., Acerinox S.A., Tsingshan Holding Group, Companhia de Ferro Ligas da Bahia, Inner Mongolia Guangda Metallurgy, Huay Alloy, Jiuquan Iron and Steel Group Co., Yulin Zhongjin Metal, Yongxing Special Stainless Steel Co., Mannesmann Stainless Tubes GmbH, Indian Metal & Ferroalloys Ltd., Visa Steel Ltd., Afarak Group Plc, Eastern Platinum Ltd., ChromTech Holdings (Pty) Ltd Anglo American Platinum Ltd., Bauba Platinum Ltd., Balasore Alloys Ltd., Zimbabwe Mining and Smelting Co.

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 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. 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. 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. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. 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, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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