World - Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlobal Chromium Exports Soared Over the Last Two Years, Reaching $447M
IndexBox has just published a new report: 'World - Chromium - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Exports 2007-2018
In 2018, the amount of chromium exported worldwide amounted to 44K tons, stabilizing at the previous year. Over the period under review, chromium exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of 62% year-to-year. The global exports peaked at 44K tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.
In value terms, chromium exports totaled $447M (IndexBox estimates) in 2018. After bottoming out from 2015-2016, it increased robustly over the last two years. Based on 2018 figures, chromium exports increased by +26.1% against 2015 indices.
Exports by Country
Russia represented the major exporter of chromium exported in the world, with the volume of exports resulting at 19K tons, which was approx. 44% of total exports in 2018. The UK (7,145 tons) took a 16% share (based on tons) of total exports, which put it in second place, followed by France (15%), the Netherlands (8.1%) and China (5.2%). The following exporters - Germany (1,723 tons) and Spain (683 tons) - together made up 5.5% of total exports.
Exports from Russia increased at an average annual rate of +3.4% from 2007 to 2018. At the same time, the Netherlands (+7.1%) and Germany (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.1% from 2007-2018. Spain and the UK experienced a relatively flat trend pattern. By contrast, France (-1.2%) and China (-4.8%) illustrated a downward trend over the same period.
Russia (+14 p.p.) and the Netherlands (+4.3 p.p.) significantly strengthened its position in terms of the global exports, while France and China saw its share reduced by -2% and -3.7% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Russia ($182M) remains the largest chromium supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by the UK ($87M), with a 20% share of global exports. It was followed by France, with a 15% share.
Export Prices by Country
In 2018, the average chromium export price amounted to $10,267 per ton, increasing by 16% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.0%. The global export price peaked at $11,904 per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.
Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the UK ($12,237 per ton) and France ($10,733 per ton), while Spain ($8,533 per ton) and China ($8,635 per ton) were amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Imports 2007-2018
In 2018, the global chromium imports stood at 36K tons, approximately reflecting the previous year. In general, chromium imports continue to indicate a slight decrease. In value terms, chromium imports stood at $403M (IndexBox estimates) in 2018.
Imports by Country
The countries with the highest levels of chromium imports in 2018 were the U.S. (7,870 tons), Germany (6,673 tons) and Japan (4,613 tons), together accounting for 54% of total import. The Netherlands (2,708 tons) ranks next in terms of the total imports with a 7.6% share, followed by Belgium (5.2%) and South Korea (4.5%). The following importers - the UK (1,492 tons), Austria (1,106 tons), India (1,017 tons), Taiwan, Chinese (938 tons), Italy (878 tons) and Canada (596 tons) - together made up 17% of total imports.
From 2007 to 2018, the most notable rate of growth in terms of imports, 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 largest chromium importing markets worldwide were the U.S. ($101M), Germany ($72M) and Japan ($57M), with a combined 57% share of global imports. The Netherlands, the UK, South Korea, Belgium, India, Austria, Italy, Canada and Taiwan, Chinese lagged somewhat behind, together comprising a further 30%.
Import Prices by Country
In 2018, the average chromium import price amounted to $11,275 per ton, rising by 24% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.5%.
There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($14,680 per ton), while Belgium ($6,096 per ton) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
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:
- USA
- 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
+ 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:
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
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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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL 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- 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
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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
