Chromium Ore Market - Russia Leads The Way In Global Chromium Exports

Uranium And Thorium Ores November 08, 2016
Author: Maria Fadeeva
Market Analyst

chromium ore market

Photo: © Uwphotographer / Bigstockphoto

The global trade in chromium amounted to 351 million USD in 2015, fluctuating strongly over the period under review. After a 47% drop in 2009, exports more than doubled in 2010. The growth trend reversed in 2012, and after a small increase in 2014, exports continued falling. Overall, there was an annual increase of +1.9% from 2007 to 2015.

According to IndexBox estimates, Russia dominated the chromium ore market in global supplies of chromium for most of the period under review, falling behind France in 2008 and 2013. In 2015, Russia's exports of chromium totaled 105 million USD, which accounted for a 30% share in terms of global exports. France, the UK, China, and the Netherlands were the other key global suppliers of chromium in 2015, with a 60% combined share of global exports.

Russia (+3.6% per year) and the UK (+3.6% per year) were the fastest growing exporters from 2007 to 2015. Russia strengthened its position in terms of global chromium exports, growing its share from 26% in 2007 to 30% in 2015.

On the other hand, the USA (23%, based on value terms), Germany (19%), Japan (13%), the Netherlands (4%), and the UK (4%) were the leading destinations of chromium imports in 2015. Imports to the USA grew at a rapid pace of +24.1% per year from 2007 to 2015. By contrast, the Netherlands significantly contracted its imports of chromium over the same period. The USA's share of global imports increased significantly (+18 percentage points), while the share of the Netherlands illustrated negative dynamics (-14 percentage points).

Key Exporting Countries Of Chromium

Do you want to know more about the global chromium ore market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • chromium ore market share
  • chromium ore prices
  • chromium ore industry
  • chromium ore sales
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  • chromium ore price forecast
  • key chromium ore producers

Source: World: Chromium Ores And Concentrates - Market Report. Analysis and Forecast to 2020