
U.S. - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Chromium Ore Price in U.S. Amounts to $304 per Ton, Fluctuating Wildly over 2022
U.S. Chromium Ore and Concentrate Import Price per Ton July 2022
In July 2022, the chromium ore and concentrate price per ton amounted to $304, rising by 19% against the previous month. Overall, the import price continues to indicate measured growth. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 142% against the previous month. As a result, import price attained the peak level of $459 per ton. From June 2022 to July 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($480 per ton), while the price for South Africa totaled $302 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.4%).
U.S. Chromium Ore and Concentrate Imports
Chromium ore and concentrate imports into the United States expanded notably to 3.8K tons in July 2022, growing by 12% against the previous month's figure. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in April 2022 when imports increased by 4,770% month-to-month. As a result, imports reached the peak of 41K tons. From May 2022 to July 2022, the growth of imports failed to regain momentum.
In value terms, chromium ore and concentrate imports skyrocketed to $1.1M (IndexBox estimates) in July 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in April 2022 when imports increased by 3,264% month-to-month. As a result, imports reached the peak of $7.8M. From May 2022 to July 2022, the growth of imports remained at a lower figure.
U.S. Chromium Ore and Concentrate Imports by Country
In July 2022, South Africa (3.7K tons) was the main supplier of chromium ore and concentrate to the United States, with a 98% share of total imports. It was followed by Italy (58 tons), with a 1.5% share of total imports.
From January 2022 to July 2022, the average monthly growth rate of volume from South Africa totaled +20.7%.
In value terms, South Africa ($1.1M) constituted the largest supplier of chromium ore and concentrate to the United States, comprising 97% of total imports. The second position in the ranking was taken by Italy ($28K), with a 2.4% share of total imports.
From January 2022 to July 2022, the average monthly growth rate of value from South Africa totaled +27.5%.
This report provides an in-depth analysis of the market for chromium ore and concentrate 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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