The forecasted import of chromium ores and concentrates to the US from 2024 to 2028 indicates a consistent decline. Starting at 58.9 million kilograms in 2024, the imports are expected to decrease by 7% in 2025, followed by annual reductions of approximately 7.3%, 7.7%, and 8.2% in subsequent years, reaching 43.004 million kilograms by 2028. The compounded annual growth rate (CAGR) over this period is -7.3%.
In 2023, the import volume stood at a past higher level, indicating a sharper decline commencing from 2024.
Future trends to watch for include:
- Global economic factors affecting US import demand for chromium.
- Technological advancements or substitutes that could reduce chromium dependency.
- Policy changes impacting trade flows and tariffs.
