In 2023, chromium material stocks in the US stood at approximately 140.87 thousand metric tons. The forecast from 2024 onwards shows a consistent downward trend, with values decreasing year-on-year. From 2024 to 2025, the projected decline is approximately 18.4%, followed by reductions of around 22.1% in 2026, 27.8% in 2027, and 37.9% in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) stands at a negative 26.7%, indicating a significant contraction in stock levels.
Future trends to monitor include potential shifts in industrial demand, changes in import-export regulations, and advances in recycling technologies. The impact of alternative materials and innovations in chromium applications could also influence stock levels and industry dynamics.
