The global estimated production capacity of chromium metal shows China leading significantly with 56.0 thousand metric tons, followed by Russia at 19.7, France at 13.0, the United Kingdom at 8.0, and both Japan and Germany at 1.0 each. In 2023, China's production saw an increase of 4.01%, Russia 0.73%, France 1.61%, while the UK, Japan, and Germany showed no change. Over the last five years, the compound annual growth rate (CAGR) suggests steady growth, particularly noticeable in China and France.
Future trends to watch include:
- China's continuous expansion in production capacity that might further consolidate its market dominance.
- Potential geopolitical impacts on Russia's production capacity.
- Technological advancements in the European production processes, particularly in France and Germany.
- Environmental regulations possibly impacting production practices and capacities worldwide.
Top countries in Estimated Production Capacity of Chromium Metal by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 56 | 2023 | +5.66% | +4.01% | View data |
| 2 | 2 Russia | 19.7 | 2023 | +0.51% | +0.73% | View data |
| 3 | 3 France | 13 | 2023 | 0% | +1.61% | View data |
| 4 | 4 United Kingdom | 8 | 2023 | 0% | 0% | View data |
| 5 | 5 Japan | 1 | 2023 | 0% | 0% | View data |
| 6 | 6 Germany | 1 | 2023 | 0% | 0% | View data |
