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World - Chromium - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Feb 7, 2020

Global 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 tonnes, 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 tonnes 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 tonnes, which was approx. 44% of total exports in 2018. The UK (7,145 tonnes) took a 16% share (based on tonnes) 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 tonnes) and Spain (683 tonnes) - 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 tonne, 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 tonne 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 tonne) and France ($10,733 per tonne), while Spain ($8,533 per tonne) and China ($8,635 per tonne) 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 tonnes, 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 tonnes), Germany (6,673 tonnes) and Japan (4,613 tonnes), together accounting for 54% of total import. The Netherlands (2,708 tonnes) 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 tonnes), Austria (1,106 tonnes), India (1,017 tonnes), Taiwan, Chinese (938 tonnes), Italy (878 tonnes) and Canada (596 tonnes) - 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 tonne, 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 tonne), while Belgium ($6,096 per tonne) 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.

Source: IndexBox Platform

Product coverage:

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.



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

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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