U.S. - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in the United States - 2023
Contents:
- Price for Chromium Ore and Concentrate in the United States (CIF) - 2023
- Price for Chromium Ore and Concentrate in the United States (FOB) - 2023
- Imports of Chromium Ore and Concentrate in the United States
- Exports of Chromium Ore and Concentrate in the United States
Price for Chromium Ore and Concentrate in the United States (CIF) - 2023
The average chromium ore and concentrate import price stood at $348 per ton in September 2023, jumping by 104% against the previous month. Over the period under review, import price indicated a slight increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, chromium ore and concentrate import price increased by +104.0% against August 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From September 2022 to September 2023, the rate of growth in terms of prices for South Africa amounted to +1.5% per month.
Price for Chromium Ore and Concentrate in the United States (FOB) - 2023
The average chromium ore and concentrate export price stood at $671 per ton in September 2023, approximately equating the previous month. Overall, export price indicated a noticeable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, chromium ore and concentrate export price decreased by +0.7% against August 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 45% month-to-month. Over the period under review, the average export prices attained the maximum at $816 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Mexico ($834 per ton), while the average price for exports to South Korea ($566 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Ore and Concentrate in the United States
In 2022, approx. 121K tons of chromium ores and concentrates were imported into the United States; dropping by -16.9% compared with 2021 figures. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, chromium ore and concentrate imports rose sharply to $31M in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 59%.
| Import of Chromium Ore and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 38.1 | 17.6 | 24.3 | 30.0 | -7.7% |
| Turkey | N/A | N/A | 3.3 | N/A | 0% |
| Others | 0.2 | 0.4 | 1.0 | 0.7 | 51.8% |
| Total | 38.4 | 18.0 | 28.7 | 30.7 | -7.2% |
Top Suppliers of Chromium Ore and Concentrate to the United States in 2022:
- South Africa (119.5K tons)
Exports of Chromium Ore and Concentrate in the United States
Chromium ore and concentrate exports from the United States contracted slightly to 9.8K tons in 2022, dropping by -2.9% compared with 2021 figures. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 7.4%.
In value terms, chromium ore and concentrate exports totaled $5.3M in 2022. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1.9%.
| Export of Chromium Ore and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.4 | 3.4 | 3.6 | 3.1 | -16.9% |
| Mexico | 7.1 | 1.8 | 1.4 | 2.0 | -34.4% |
| Others | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Total | 12.7 | 5.2 | 5.3 | 5.3 | -25.3% |
Top Export Markets for Chromium Ore and Concentrate from the United States in 2022:
- Canada (6.6K tons)
- Mexico (2.9K tons)
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.
Product coverage:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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In July 2022, the chromium ore and concentrate price per ton amounted to $304, rising by 19% against the previous month.
5834
The chromium ore and concentrate price per ton stood at $459 (CIF, US) in May 2022, surging by 142% against the previous month.
118
From June 2023 to November 2023, the import growth of Office Supply remained at a slightly lower rate. The value of Office Supply imports decreased to $29M in November 2023.
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In April 2023, the office supply price amounted to $2,924 per ton (CIF, US), growing by 26% against the previous month.
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In 2020, American acrylonitrile exports rose by +49% y-o-y, reaching 524K tons. The U.S. has substantially increased the supplies to its main trade partners, South Korea, Turkey and Taiwan. Boosting Turkish purchases provided the most increment of American exports. Among other importers, the Netherlands, Peru and Mexico featured a notable growth of acrylonitrile shipments from the U.S. The average export price for American acrylonitrile dropped by -31% to $1,051 per ton in 2020.
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In 2022, chromium prices are forecast to surge onrising energy costs, while global metal production has not fully recovered from the Covid-crisis.
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In 2020, global exports of chromium ores and concentrates reduced sharply by -10.2% y-o-y to 16M tons. China, the major importer of chromium ores and concentrates, comprises over 70% of the total global imports. In Q1 2021, shipments to the country stood at a level slightly lower than in the same period of 2020. South Africa remains the largest exporter worldwide, accounting for 79% of the total global exports.
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In value terms, chromium oxides and hydroxides imports totaled $X in 2016. Overall, chromium oxides and hydroxides imports continue to indicate a relatively flat trend pattern. Global chromium oxid...
