EU: Chromates Market 2024

Chromates Market Size in the EU

In 2022, the EU chromates market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chromates Production in the EU

In value terms, chromates production soared to $X in 2022 estimated in export price. Overall, production enjoyed perceptible growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Chromates Exports

Exports in the EU

In 2022, overseas shipments of chromates, dichromates and peroxochromates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromates exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of chromates, dichromates and peroxochromates, generating X% of total exports. Austria (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%) and Germany (X%).

From 2012 to 2022, average annual rates of growth with regard to chromates exports from Belgium stood at X%. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Austria (X%) and Germany (X%) illustrated a downward trend over the same period. Belgium (X p.p.), the Netherlands (X p.p.) and Austria (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) emerged as the largest chromates supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced mixed trends in the export price figures.

Chromates Imports

Imports in the EU

In 2022, chromates imports in the European Union dropped modestly to X tons, almost unchanged from 2021. Overall, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, chromates imports surged to $X in 2022. In general, imports continue to indicate a perceptible setback. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany dominates imports structure, recording X tons, which was near X% of total imports in 2022. Romania (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Austria (X%) and France (X%). Italy (X tons) and Belgium (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of chromates, dichromates and peroxochromates. At the same time, Austria (X%) and Romania (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Romania and Austria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported chromates, dichromates and peroxochromates in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Romania, with an X% share.

In Germany, chromates imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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