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Asia - Chromium - Market Analysis, Forecast, Size, Trends and Insights
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Chromium Market Size in Asia
In 2020, the Asian chromium market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption posted a remarkable increase. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in years to come.
Chromium Production in Asia
In value terms, chromium production rose significantly to $X in 2020 estimated in export prices. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in years to come.
Production By Country in Asia
The countries with the highest volumes of chromium production in 2020 were Turkey (X tons), Kazakhstan (X tons) and India (X tons), with a combined X% share of total production.
From 2007 to 2020, the most notable rate of growth in terms of chromium production, amongst the leading producing countries, was attained by Turkey, while chromium production for the other leaders experienced more modest paces of growth.
Chromium Exports
Exports in Asia
In 2020, approx. X tons of chromium were exported in Asia; declining by -X% on 2019 figures. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.
In value terms, chromium exports contracted notably to $X in 2020. In general, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports failed to regain the momentum.
Exports by Country
In 2020, China (X tons) was the largest exporter of chromium, comprising X% of total exports. It was distantly followed by Japan (X tons) and India (X tons), together generating a X% share of total exports. South Korea (X tons), Turkey (X tons) and Singapore (X tons) followed a long way behind the leaders.
From 2007 to 2020, average annual rates of growth with regard to chromium exports from China stood at -X%. At the same time, India (+X%), Turkey (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Japan experienced a relatively flat trend pattern. By contrast, South Korea (-X%) illustrated a downward trend over the same period. India (+X p.p.), Japan (+X p.p.), Turkey (+X p.p.) and Singapore (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest chromium supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.
In China, chromium exports plunged by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and India (+X% per year).
Export Prices by Country
The chromium export price in Asia stood at $X per ton in 2020, falling by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.
Chromium Imports
Imports in Asia
In 2020, supplies from abroad of chromium decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated a tangible expansion from 2007 to 2020: its volume 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.
In value terms, chromium imports contracted dramatically to $X in 2020. Total imports indicated slight growth 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.
Imports by Country
Japan was the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons), together comprising a X% share of total imports. The following importers - Turkey (X tons) and China (X tons) - together made up X% of total imports.
From 2007 to 2020, average annual rates of growth with regard to chromium imports into Japan stood at -X%. At the same time, Turkey (+X%), India (+X%), Taiwan (Chinese) (+X%), South Korea (+X%) and China (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of India, Taiwan (Chinese), Turkey and South Korea increased by +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Japan ($X) constitutes the largest market for imported chromium in Asia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.
From 2007 to 2020, the average annual growth rate of value in Japan amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).
Import Prices by Country
The chromium import price in Asia stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($X per ton), while Turkey ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the chromium market in Asia. 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:
- Afghanistan
- Armenia
- Azerbaijan
- Bahrain
- Bangladesh
- Bhutan
- Brunei Darussalam
- Cambodia
- China
- Cyprus
- Democratic People's Republic of Korea
- Georgia
- Hong Kong SAR
- India
- Indonesia
- Iran
- Iraq
- Israel
- Japan
- Jordan
- Kazakhstan
- Kuwait
- Kyrgyzstan
- Lao People's Democratic Republic
- Lebanon
- Macao SAR
- Malaysia
- Maldives
- Mongolia
- Myanmar
- Nepal
- Oman
- Pakistan
- Palestine
- Philippines
- Qatar
- Saudi Arabia
- Singapore
- South Korea
- Sri Lanka
- Syrian Arab Republic
- Taiwan (Chinese)
- Tajikistan
- Thailand
- Timor-Leste
- Turkey
- Turkmenistan
- United Arab Emirates
- Uzbekistan
- Vietnam
- Yemen
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Asia, split by region and country
- Trade (exports and imports) in Asia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Afghanistan
- Armenia
- Azerbaijan
- Bahrain
- Bangladesh
- Bhutan
- Brunei Darussalam
- Cambodia
- China
- Hong Kong SAR
- Macao SAR
- Cyprus
- Georgia
- India
- Indonesia
- Iran
- Iraq
- Israel
- Japan
- Jordan
- Kazakhstan
- Kuwait
- Kyrgyzstan
- Lebanon
- Malaysia
- Maldives
- Mongolia
- Myanmar
- Nepal
- Oman
- Pakistan
- Palestine
- Philippines
- Qatar
- Saudi Arabia
- Singapore
- South Korea
- Sri Lanka
- Syrian Arab Republic
- Taiwan (Chinese)
- Tajikistan
- Thailand
- Timor-Leste
- Turkey
- Turkmenistan
- United Arab Emirates
- Uzbekistan
- Vietnam
- Yemen
- Lao People's Democratic Republic
- Democratic People's Republic of Korea
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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