Chromium and articles thereof: wrought other than waste and scrap

In 2024, chromium and articles thereof: wrought other than waste and scrap trade exhibited significant decline, with global flows reaching $71,583,428 and a three-year compound annual growth rate of -16.3% (five-year: -3.7%). The all-time peak of $192,377,942 was recorded in 2012; the current level is 63% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-8.3% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.174). The three largest exporters — China ($24.9M), Germany ($13.2M), and United States ($6.5M) — collectively dominate supply flows. The leading exporter has grown at +15.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.058). The three largest import markets are United States ($9.4M), Japan ($7.6M), and China ($7.5M). The largest importing market sources from 28 different supplying countries.

Estimated substitution elasticity: -35.64. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → United States at $6.0M, representing 63.9% of the importer's total demand.

The volatility score for chromium and articles thereof: wrought other than waste and scrap is 14 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.