CIS: Chromium Market 2021

Chromium Market Size in CIS

In 2020, the CIS chromium market decreased by -X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption enjoyed buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Chromium Production in CIS

In value terms, chromium production fell sharply to $X in 2020 estimated in export prices. In general, production saw a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The level of production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Production By Country in CIS

Kazakhstan (X tons) remains the largest chromium producing country in the CIS, comprising approx. X% of total volume. Moreover, chromium production in Kazakhstan exceeded the figures recorded by the second-largest producer, Russia (X tons), more than tenfold.

In Kazakhstan, chromium production expanded at an average annual rate of +X% over the period from 2007-2020.

Chromium Exports

Exports in CIS

Chromium exports amounted to X tons in 2020, stabilizing at the year before. Over the period under review, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, chromium exports dropped rapidly to $X in 2020. Overall, exports recorded tangible growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together finishing at X% of total export.

Russia 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, Russia ($X) also remains the largest chromium supplier in the CIS.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia totaled +X%.

Export Prices by Country

In 2020, the chromium export price in the CIS amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

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

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

Chromium Imports

Imports in CIS

In 2020, after four years of growth, there was significant decline in supplies from abroad of chromium, when their volume decreased by -X% to X tons. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, chromium imports fell notably to $X in 2020. Over the period under review, imports showed a pronounced setback. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then shrank remarkably in the following year.

Imports by Country

Russia prevails in chromium imports structure, accounting for X tons, which was approx. X% of total imports in 2020. Belarus (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Moldova (X%).

Imports into Russia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Belarus (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Russia, Belarus and Moldova increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chromium in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Moldova ($X), with a X% share of total imports.

In Russia, chromium imports shrank by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Moldova (+X% per year) and Belarus (+X% per year).

Import Prices by Country

In 2020, the chromium import price in the CIS amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2009 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2010 to 2020, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Moldova ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Moldova, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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