The global export landscape for Chromium Oxides and Hydroxides in 2023 shows Kazakhstan as the leading exporter, followed by China and Germany. Significant year-on-year growth was observed in Hungary (39.24%) and Latvia (49.41%), while Belgium and Poland experienced notable declines of -23.37% and -37.4% respectively. The cumulative average growth rate (CAGR) over the past five years highlights differing trends, with certain countries enhancing their market position contrary to others dealing with contraction.
Future trends to monitor include:
- Kazakhstan maintaining leadership and potentially increasing market share.
- China's moderate growth, likely due to ongoing industrial demand.
- Opportunities for smaller markets showing rapid increases, like Hungary and Latvia, to establish broader market presence.
- The impact of global economic conditions on exports, particularly from EU countries experiencing fluctuating performance.
Top countries in Export of Chromium Oxides and Hydroxides by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kazakhstan | 119,270,000 | 2023 | +2.49% | +2.18% | View data |
| 2 | 2 China | 52,565,000 | 2023 | +1.97% | +2.61% | View data |
| 3 | 3 Germany | 46,434,000 | 2023 | -0.19% | -4.97% | View data |
| 4 | 4 Russia | 26,395,000 | 2023 | +2.82% | +4.42% | View data |
| 5 | 5 India | 14,774,000 | 2023 | +5.78% | +3.67% | View data |
| 6 | 6 South Africa | 13,829,000 | 2023 | -1.41% | -1.37% | View data |
| 7 | 7 Spain | 8,645,600 | 2023 | +1.95% | +2.43% | View data |
| 8 | 8 Japan | 6,905,000 | 2023 | -5.1% | -6.1% | View data |
| 9 | 9 Netherlands | 5,177,200 | 2023 | +2.75% | +3.75% | View data |
| 10 | 10 France | 3,778,300 | 2023 | +1.39% | +0.92% | View data |
