In 2023, China was the leading importer of chromium ores and concentrates with an import value of 1.62 billion USD. It was followed by Russia with 0.12605 billion USD, Germany with 0.02902 billion USD, India with 0.02808 billion USD, and the United States with 0.02752 billion USD. Other notable importers included Turkey, Japan, the Netherlands, Belgium, and South Africa. Year-on-year variations exhibit a steady increase in value for these nations, with China driving the bulk of global demand. Over the last five years, the compound annual growth rate (CAGR) reflects robust growth in this sector, with China outpacing other countries.
Future trends to watch include:
- China’s continued dominance and potential expansion in importing chromium ores driven by its industrial activities.
- A possible increase in demand from emerging economies as industrialization progresses.
- Geopolitical influences impacting trade routes could alter the import dynamics, with countries like Russia possibly seeking alternative trade partnerships.
- Shifts in global environmental policies could drive demand for specific sources of chromium that meet green standards.
Top countries in Top Importers of Chromium Ores and Concentrates
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 1,620 | 2016 | |
| 2 | 2 Russia | 126.05 | 2016 | |
| 3 | 3 Germany | 29.02 | 2016 | |
| 4 | 4 India | 28.08 | 2016 | |
| 5 | 5 United States | 27.52 | 2016 | |
| 6 | 6 Turkey | 25.43 | 2016 | |
| 7 | 7 Japan | 21.74 | 2016 | |
| 8 | 8 Netherlands | 21.56 | 2016 | |
| 9 | 9 Belgium | 10.14 | 2016 | |
| 10 | 10 South Africa | 8.68 | 2016 |
