World - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Chromium Ore and Concentrate Imports in China to Regain Momentum
IndexBox has just published a new report: 'World - Chromium ores and concentrates - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2020, global exports of chromium ores and concentrates reduced sharply by -10.2% y-o-y to 16M tonnes. China, the major importer of chromium ores and concentrates, comprises over 70% of the total global imports. In Q1 2021, shipments to the country stood at a level slightly lower than in the same period of 2020. South Africa remains the largest exporter worldwide, accounting for 79% of the total global exports.
Largest Importers of Chromium Ores and Concentrates
In 2020, China (16M tonnes) represented the key importer of chromium ores and concentrates, constituting 71% of total imports. It was distantly followed by Mozambique (3.8M tonnes), generating a 17% share of total imports. Russia (896K tonnes) followed a long way behind the leaders.
In value terms, China ($3B) constitutes the largest market for imported chromium ores and concentrates worldwide, comprising 77% of global imports. The second position in the ranking was occupied by Mozambique ($386M), with a 10% share of global imports.
In Q1 2021, shipments to the country stood at a level slightly lower than in the same period of 2020. A sharp drop was recorded in Q2 2020 due to the pandemic, followed by a recovery, after which imports stabilized. Should the trend pattern remain flat in 2021, a slight growth against 2020 could be expected.
Chromium Ore and Concentrate Exports by Country
In 2020, approx. 16M tonnes of chromium ores and concentrates were exported worldwide; shrinking by -10.2% on the previous year. In value terms, chromium ore and concentrate exports fell rapidly to $2.5B (IndexBox estimates) in 2020.
South Africa dominates chromium ore and concentrate export structure, accounting for 13M tonnes, which was near 79% of total exports in 2020. The following exporters - Kazakhstan (676K tonnes), Turkey (672K tonnes), Zimbabwe (583K tonnes), Oman (378K tonnes), Pakistan (279K tonnes) and Albania (249K tonnes) - together made up 18% of total exports.
In 2020, average annual rates of growth with regard to chromium ore and concentrate exports from South Africa stood at -7.4%. Kazakhstan (-3.3%), Zimbabwe (-13.6%), Pakistan (-16.6%), Albania (-22.0%), Turkey (-33.4%) and Oman (-36.2%) illustrated a downward trend over the same period.
In value terms, South Africa ($1.8B) remains the largest chromium ore and concentrate supplier worldwide, comprising 74% of global exports. The second position in the ranking was occupied by Turkey ($126M), with a 5.1% share of global exports. It was followed by Zimbabwe, with a 4.4% share.
In 2020, the average chromium ore and concentrate export price amounted to $152 per tonne, which is down by -13.3% against the previous year. There were differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Pakistan ($191 per tonne), while Oman ($100 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other global leaders experienced a decline in the export price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the global market for chromium ore and concentrate. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
Webinar: Global Lithium Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global lithium carbonate market.
Thursday, September 30th, 2021 @ 04:00 pm ET
Webinar: Global Recovered Paper Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global recovered paper market.
Thursday, October 7th, 2021 @ 04:00 pm ET
Webinar: Global Biomass Market - Statistics, Regulation, and Outlook
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET