In the second half of 2023, the average price of chromium in the United States was 12161 USD/MT. Similarly, in China, the average prices hit 8850 USD/MT.

Explore IMARC’s newly published report, titled “Chromium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chromium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

In 2024, the global chromium ore and concentrate market increased by 6.9% to $14.1B, rising for the fourth year in a row after two years of decline. Overall, consumption showed strong growth. Global consumption peaked in 2024 and is expected to retain growth in years to come.

The price of chromium oxide in South Africa for 2023 reached 2773 USD/MT in December. Meanwhile, the price of chromium oxide in Germany during the last quarter of 2023 settled at 4416 USD/MT.

Ferro-Chromium Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

The average price of chrome in China was 269 USD/MT by end of the last quarter. It encompasses an in-depth review of spot price of chrome at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chrome price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

In 2020, the Indian chromium market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2012 to 2020, the growth of the market failed to regain the momentum.

In 2020, after three years of growth, there was significant decline in the U.S. chromium market, when its value decreased by -X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Chromium consumption peaked at $X in 2019, and then reduced markedly in the following year.

Ferro-Chromium Price in Brazil - 2023. Find the latest marketing data on the IndexBox platform.

Ferro-Chromium Price in China - 2023. Find the latest marketing data on the IndexBox platform.

In 2023, the Indian ferro-chromium market decreased by -17.1% to $119M for the first time since 2020, thus ending a two-year rising trend. Overall, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $603M in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

In 2023, after two years of growth, there was significant decline in the Chilean ferro-chromium market, when its value decreased by -37.6% to $13M. Overall, consumption, however, recorded a pronounced increase. Over the period under review, the market attained the maximum level at $20M in 2022, and then plummeted in the following year.

In value terms, ferro-chromium exports totaled $9B (IndexBox estimates) in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of 1.2% over the last eleven years.

Ferro-Chromium Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

In 2023, the MENA's ferro-chromium market increased by 21% to $219M, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a buoyant increase. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

In 2023, after two years of growth, there was significant decline in the Japanese ferro-chromium market, when its value decreased by -18% to $784M. Overall, consumption continues to indicate a slight contraction. Over the period under review, the market reached the peak level at $965M in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

In 2023, the Estonian ferro-chromium market decreased by -19.3% to $206K for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, posted resilient growth. Ferro-chromium consumption peaked at $256K in 2022, and then fell significantly in the following year.

After three years of growth, the ferro-chromium market in Australia and Oceania decreased by -30.1% to $13M in 2023. Over the period under review, consumption saw a slight descent. As a result, consumption reached the peak level of $19M, and then declined dramatically in the following year.

The Kazakh ferro-chromium market soared to $120M in 2023, picking up by 26% against the previous year. In general, consumption, however, saw a deep setback. Over the period under review, the market attained the peak level at $564M in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

After two years of growth, the Libyan ferro-chromium market decreased by -50% to $1 in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $165. From 2020 to 2023, the growth of the market remained at a lower figure.

In 2023, the Irish ferro-chromium market decreased by -28.1% to $42K, falling for the sixth consecutive year after four years of growth. Over the period under review, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $789K. From 2018 to 2023, the growth of the market failed to regain momentum.