India - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in India - 2023
Contents:
- Price for Chromium Ore and Concentrate in India (CIF) - 2023
- Price for Chromium Ore and Concentrate in India (FOB) - 2023
- Imports of Chromium Ore and Concentrate in India
- Exports of Chromium Ore and Concentrate in India
Price for Chromium Ore and Concentrate in India (CIF) - 2023
The average chromium ore and concentrate import price stood at $341 per ton in September 2023, therefore, remained relatively stable against the previous month. In general, the import price continues to indicate a slight decline. The growth pace was the most rapid in November 2022 when the average import price increased by 23% m-o-m. The import price peaked at $393 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Mozambique ($398 per ton), while the price for Turkey ($315 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mozambique (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Ore and Concentrate in India (FOB) - 2023
In July 2023, the average chromium ore and concentrate export price amounted to $551 per ton, jumping by 19% against the previous month. Over the period under review, the export price enjoyed noticeable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From October 2022 to July 2023, the rate of growth in terms of prices for China amounted to +3.5% per month.
Imports of Chromium Ore and Concentrate in India
After three years of growth, overseas purchases of chromium ores and concentrates decreased by -43.8% to 142K tons in 2022. Overall, imports, however, posted a measured expansion. The pace of growth was the most pronounced in 2021 when imports increased by 76%. As a result, imports reached the peak of 253K tons, and then declined notably in the following year.
In value terms, chromium ore and concentrate imports shrank sharply to $44M in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, imports reached the peak of $55M, and then reduced markedly in the following year.
Import of Chromium Ore and Concentrate in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 28.9 | 21.1 | 39.5 | 35.1 | 6.7% |
Mozambique | N/A | 3.6 | 1.7 | 6.9 | 38.4% |
Turkey | N/A | 0.8 | 0.7 | 0.9 | 6.1% |
Oman | 1.3 | 0.4 | 1.9 | 0.2 | -46.4% |
Switzerland | N/A | 1.4 | 8.4 | N/A | 500.0% |
Others | 2.6 | 0.6 | 3.3 | 0.5 | -42.3% |
Total | 32.9 | 27.9 | 55.5 | 43.6 | 9.8% |
Top Suppliers of Chromium Ore and Concentrate to India in 2022:
- South Africa (114.5K tons)
- Mozambique (23.3K tons)
- Turkey (2.7K tons)
- Oman (0.8K tons)
Exports of Chromium Ore and Concentrate in India
For the third consecutive year, India recorded decline in shipments abroad of chromium ores and concentrates, which decreased by -47.6% to 1.9K tons in 2022. Overall, exports faced a sharp decline. The smallest decline of -35.7% was in 2021.
In value terms, chromium ore and concentrate exports declined dramatically to $853K in 2022. Over the period under review, exports faced a precipitous decline. The smallest decline of -5.8% was in 2021.
Export of Chromium Ore and Concentrate in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.2 | 1.5 | 1.4 | 0.8 | -64.0% |
Spain | 1.3 | 0.1 | N/A | N/A | -92.3% |
Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
Total | 18.6 | 1.6 | 1.5 | 0.9 | -63.6% |
Top Export Markets for Chromium Ore and Concentrate from India in 2022:
- China (1883.0 tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The pace of growth for Acrylonitrile imports was at its peak in August of 2023 with a 194% increase from the previous month. By November 2023, the value of acrylonitrile imports had decreased to $17M.
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