Chromates Market
Chromates market: get access to new information provided by an Ai-driven business intelligence tool. Data contain imports, trade, market size, consumption, market prices, production, exports, and companies. Here is a split by region, including China, Africa, Latin America, the Middle East, Russia, the U.K., the U.S., and EU. Market insights and forecast to 2030 are also provided in the snapshots.
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Chromates - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Russia |
| 2 | Kazakhstan |
| 3 | Turkey |
| 4 | Germany |
| 5 | Argentina |
In value terms, the largest chromates markets worldwide were Russia, Kazakhstan and Turkey, with a combined 47% share of the global market.
Turkey (+333.8% per year) saw the highest growth rate of market size, among the main consuming countries over the period under review, while chromates market for the other global leaders experienced more modest paces of growth.
Chromates Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Kazakhstan | 1201 | 1328 | 944 | -11.3% |
| India | 2172 | 2493 | 1094 | -29.0% |
| South Africa | 1202 | 1240 | 1159 | -1.8% |
| Russia | 1492 | 1587 | 1394 | -3.3% |
| China | 2317 | 2327 | 1997 | -7.2% |
| Average | 1452 | 1531 | 1316 | -4.8% |
Prices varied noticeably by the country of origin; the country with the highest price was China ($1,997 per ton), while Kazakhstan ($944 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 3045 | 2963 | 3021 | -0.4% |
| Japan | 1681 | 1981 | 1720 | 1.2% |
| Pakistan | 1689 | 1533 | 1439 | -7.7% |
| Romania | 1496 | 1449 | 1357 | -4.8% |
| Germany | 1388 | 1368 | 1295 | -3.4% |
| Thailand | 1417 | 1627 | 1266 | -5.5% |
| Brazil | 1507 | 1570 | 1208 | -10.5% |
| Austria | 1738 | 1429 | 1185 | -17.4% |
| Uruguay | 1605 | 1534 | 1158 | -15.1% |
| India | 1544 | 1528 | 1157 | -13.4% |
| China | 1475 | 2584 | 1143 | -12.0% |
| Colombia | 1333 | 1412 | 1118 | -8.4% |
| Italy | 1257 | 1277 | 1101 | -6.4% |
| Average | 1577 | 1600 | 1450 | -4.1% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($3,021 per ton), while Italy ($1,101 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the import price figures.
Chromates - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Germany | 41 | 38 | 31 | -12.8% |
| Japan | 23 | 10 | 15 | -18.1% |
| India | 20 | 17 | 14 | -15.1% |
| China | 8.5 | 9.5 | 12 | 17.8% |
| Uruguay | 8.9 | 7.5 | 7.1 | -11.1% |
In value terms, Germany ($31M) constitutes the largest market for imported chromates, dichromates and peroxochromates worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Japan ($15M), with a 11% share of global imports. It was followed by India, with a 11% share.
In Germany, chromates imports decreased by an average annual rate of -12.8% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-18.1% per year) and India (-15.1% per year).
Chromates - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| South Africa | 49 | 44 | 45 | -4.7% |
| Russia | 14 | 25 | 22 | 23.5% |
| Kazakhstan | 22 | 30 | 7.8 | -40.4% |
| India | 2.7 | 1.1 | 3.2 | 7.8% |
| China | 2.7 | 3.2 | 2.4 | -5.5% |
In value terms, South Africa ($45M) remains the largest chromates supplier worldwide, comprising 49% of global exports. The second position in the ranking was occupied by Russia ($22M), with a 24% share of global exports. It was followed by Kazakhstan, with a 8.4% share.
From 2018 to 2020, the average annual growth rate of value in South Africa stood at -4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+23.5% per year) and Kazakhstan (-40.4% per year).
Chromates - Market Forecast
Depressed by shrinking demand for chromates worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Chromates - Product Coverage
- HS 284130 - Salts; sodium dichromate
- HS 284150 - Salts; chromates, dichromates, peroxochromates; n.e.s. in heading no. 2841
This report provides an in-depth analysis of the global chromates market.
This report provides an in-depth analysis of the chromates market in Latin America and the Caribbean.
This report provides an in-depth analysis of the chromates market in Northern America.
This report provides an in-depth analysis of the chromates market in Central Asia.
This report provides an in-depth analysis of the chromates market in the Middle East.
This report provides an in-depth analysis of the chromates market in Eastern Asia.
This report provides an in-depth analysis of the chromates market in South-Eastern Asia.
This report provides an in-depth analysis of the chromates market in Africa.
This report provides an in-depth analysis of the chromates market in Southern Asia.
This report provides an in-depth analysis of the chromates market in Australia and Oceania.
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