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World - Chromium - Market Analysis, Forecast, Size, Trends And Insights
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Global Chromium Market Overview 2020

Chromium Market Size

After two years of growth, the global chromium market decreased by -X% to $X in 2019. Over the period under review, consumption, however, saw a modest expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the global market remained at a somewhat lower figure.

Chromium Production

In value terms, chromium production rose to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, global production attained the maximum level in 2019 and is likely to continue growth in the immediate term.

Production By Country

Russia (X tonnes) remains the largest chromium producing country worldwide, accounting for X% of total volume. Moreover, chromium production in Russia exceeded the figures recorded by the second-largest producer, France (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in Russia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: France (+X% per year) and the UK (+X% per year).

Chromium Exports

Exports

Global chromium exports rose modestly to X tonnes in 2019, with an increase of X% against 2018 figures. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Global exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, chromium exports rose markedly to $X in 2019. Overall, total exports indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Global exports peaked in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Russia was the main exporter of chromium in the world, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2019. The UK (X tonnes) ranks second in terms of the total exports with a X% share, followed by China (X%), France (X%) and the Netherlands (X%). Germany (X tonnes) and Spain (X tonnes) held a relatively small share of total exports.

Exports from Russia increased at an average annual rate of +X% from 2007 to 2019. At the same time, the Netherlands (+X%), China (+X%), the UK (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Germany experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Russia, China, the Netherlands and the UK increased by +X%, +X%, +X% and +X% percentage points, while France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest chromium supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the UK ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Russia, chromium exports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the UK (+X% per year) and China (+X% per year).

Export Prices by Country

The average chromium export price stood at $X per tonne in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Chromium Imports

Imports

In 2019, global imports of chromium rose significantly to X tonnes, picking up by X% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, global imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, chromium imports contracted to $X in 2019. In general, total imports indicated a mild expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Global imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the largest importing country with an import of about X tonnes, which accounted for X% of total imports. Germany (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Japan (X%) and the Netherlands (X%). Belgium (X tonnes), Italy (X tonnes), India (X tonnes), South Korea (X tonnes), Austria (X tonnes), the UK (X tonnes), Taiwan, Chinese (X tonnes) and Spain (X tonnes) occupied a minor share of total imports.

From 2007 to 2019, the biggest increases were in India, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported chromium worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., chromium imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2019, the average chromium import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium in the world?
+
The countries with the highest volumes of chromium consumption in 2019 were the U.S. (11K tonnes), Oman (5.8K tonnes) and Germany (4.8K tonnes), with a combined 51% share of global consumption.
What are the largest producers of chromium in the world?
+
The country with the largest volume of chromium production was Russia (21K tonnes), comprising approx. 38% of total volume. Moreover, chromium production in Russia exceeded the figures recorded by the second-largest producer, France (9.8K tonnes), twofold. The third position in this ranking was occupied by the UK (7.5K tonnes), with a 14% share.
What are the leading exporters of chromium in the world?
+
In value terms, Russia ($196M) remains the largest chromium supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by the UK ($96M), with a 18% share of global exports. It was followed by China, with a 14% share.
What are the leading importers of chromium in the world?
+
In value terms, the U.S. ($127M) constitutes the largest market for imported chromium worldwide, comprising 33% of global imports. The second position in the ranking was occupied by Germany ($57M), with a 15% share of global imports. It was followed by Japan, with a 11% share.
What is the average export price for chromium in the world?
+
The average chromium export price stood at $10,645 per tonne in 2019, rising by 2.1% against the previous year.
What is the average import price for chromium in the world?
+
In 2019, the average chromium import price amounted to $10,173 per tonne, reducing by -9.3% against the previous year.

Product coverage:

This report provides an in-depth analysis of the global chromium market. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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