In 2023, the US imported chromium ores and concentrates valued at an estimated $53.2 million. Forecasts show a steady increase from 2024 to 2028, with values projected to rise from $54.2 million to $57.9 million. Year-on-year growth rates are estimated at approximately 1.8% for 2025, 1.7% for 2026, 1.7% for 2027, and 1.6% for 2028. The compound annual growth rate (CAGR) over five years from 2023 to 2028 is projected at around 1.7%.
Future trends to watch for:
- Possible impact of global supply chain fluctuations on import volumes.
- Emerging market demands and their effect on US import levels.
- Technological advancements in chromium extraction and processing.
