Africa: Chromium Market 2021

Chromium Market Size in Africa

In 2020, the African chromium market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2011 to 2020, the growth of the market remained at a lower figure.

Chromium Production in Africa

In value terms, chromium production contracted to $X in 2020 estimated in export prices. Over the period under review, production saw a perceptible decline. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2011 to 2020, production growth remained at a lower figure.

Production By Country in Africa

South Africa (X tons) remains the largest chromium producing country in Africa, accounting for X% of total volume. It was followed by Zimbabwe (X tons), with a X% share of total production.

From 2007 to 2020, the average annual rate of growth in terms of volume in South Africa totaled +X%.

Chromium Exports

Exports in Africa

In 2020, the amount of chromium exported in Africa surged to X tons, jumping by X% on the previous year's figure. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, chromium exports surged to $X in 2020. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of chromium, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the chromium exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest chromium supplier in Africa.

From 2007 to 2020, the average annual growth rate of value in South Africa stood at +X%.

Export Prices by Country

In 2020, the chromium export price in Africa amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2007 to 2020, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Chromium Imports

Imports in Africa

In 2020, purchases abroad of chromium decreased by -X% to X tons, falling for the third consecutive year after four years of growth. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2011 to 2020, the growth imports failed to regain the momentum.

In value terms, chromium imports reduced markedly to $X in 2020. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2011 to 2020, the growth imports remained at a lower figure.

Imports by Country

Cote d'Ivoire represented the key importing country with an import of about X tons, which recorded X% of total imports. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by Uganda (X%) and South Africa (X%). Libya (X kg) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to chromium imports into Cote d'Ivoire stood at +X%. At the same time, Uganda (+X%) and Libya (+X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Egypt (-X%) and South Africa (-X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+X p.p.), Egypt (+X p.p.), Uganda (+X p.p.) and Libya (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of South Africa (-X p.p.) displayed negative dynamics.

In value terms, Egypt ($X) constitutes the largest market for imported chromium in Africa, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Egypt amounted to -X%. In the other countries, the average annual rates were as follows: South Africa (-X% per year) and Cote d'Ivoire (+X% per year).

Import Prices by Country

In 2020, the chromium import price in Africa amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Africa ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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