In 2023, Kazakhstan led the global market for chromium oxides and hydroxides exports, with a notable value of $70.27 million, significantly ahead of Turkey and China at $43.89 million and $39.59 million respectively. Russia and South Africa rounded out the top five exporters, with $20.94 million and $12.57 million, while Japan, Estonia, Spain, Netherlands, and Germany contributed lower figures. Year-on-year growth indicated strong positive trends with Kazakhstan experiencing the largest increase. The past five-year CAGR additionally highlights substantial growth, albeit with some fluctuations across different countries.
Future trends to watch include:
- Market expansion from emerging exporters could alter current standings.
- Technological advancements potentially increasing production efficiency.
- Economic and geopolitical factors influencing trade dynamics.
- Environmental policies impacting production in leading countries.
Top countries in Top Exporters of Chromium Oxides and Hydroxides
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Kazakhstan | 70.27 | 2016 | |
| 2 | 2 Turkey | 43.89 | 2016 | |
| 3 | 3 China | 39.59 | 2016 | |
| 4 | 4 Russia | 20.94 | 2016 | |
| 5 | 5 South Africa | 12.57 | 2016 | |
| 6 | 6 Japan | 9.85 | 2016 | |
| 7 | 7 Estonia | 7.6 | 2016 | |
| 8 | 8 Spain | 6.75 | 2016 | |
| 9 | 9 Netherlands | 6.03 | 2016 | |
| 10 | 10 Germany | 4.77 | 2016 |
