Which Country Imports the Most Chromium Ores and Concentrates in the World?

Uranium And Thorium Ores May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of chrome ore imported worldwide amounted to 25M tonnes, surging by 2% against the previous year figure. The total import volume increased at an average annual rate of +2.4% over the period from 2007 to 2016; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013, when import increased by 11% year-to-year. In that year, global chrome ore imports attained its maximum volume of 27M tonnes. From 2014 to 2016, growth of global chrome ore imports stood at a somewhat lower level.

In value terms, chrome ore imports totaled $2.1B in 2016. Overall, chrome ore imports continue to indicate a relatively flat trend pattern. In that year, global chrome ore imports reached its maximum level of $3.6B. From 2009 to 2016, growth of global chrome ore imports stood at a somewhat lower level.

Top Chrome Ore Importing Countries in the World

1. China (1,618.5 million USD)

2. Russia (126.1 million USD)

3. China, Hong Kong SAR (46.6 million USD)

4. India (28.1 million USD)

5. South Africa (8.7 million USD)

6. United Arab Emirates (0.3 million USD)

7. Albania (0.0 million USD)

Chrome Ore Imports By Country

China (11M tonnes), and South Africa (9.6M tonnes) dominates in chrome ore imports structure, together creating 82% of total imports. Russia (806K tonnes), Albania (760K tonnes), China, Hong Kong SAR (602K tonnes), India (479K tonnes), and United Arab Emirates (404K tonnes) held the mild share of total imports.

From 2007 to 2016, the most notable growth rate of chrome ore imports, among the main importing countries, was attained by China, Hong Kong SAR (+155.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.6B) constitutes the largest market for imported chrome ore worldwide, making up 76% of global imports. The second position in the ranking was occupied by Russia ($126M), with the share of 6% of global imports. It was followed by China, Hong Kong SAR, with the share of 2%.

In China, chrome ore imports expanded at an average annual rate of +0.5% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: Russia (-6.0% per year) and China, Hong Kong SAR (+81.5% per year).

Chrome Ore Import Prices By Country

The average chrome ore import price stood at $85 per tonne in 2016, shrinking by -16.7% against the previous year. In general, chrome ore import price continues to indicate a temperate setback. The most prominent rate of growth was recorded in 2008, when import increased by 61% from the previous year level. In that year, average chrome ore import price attained its maximum level of $172 per tonne. From 2009 to 2016, growth of average chrome ore import price failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Russia ($156 per tonne), while Albania ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of chrome ore import prices was attained by Albania (+44.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global chrome ore market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • chrome ore market share
  • chrome ore prices
  • chrome ore industry
  • chrome ore sales
  • chrome ore import
  • chrome ore export
  • chrome ore market forecast
  • chrome ore price forecast
  • key chrome ore producers

All data provided in this article covers the following product: HS Code 2610 - Chromium ores and concentrates.

Source: World: Chromium Ores And Concentrates - Market Report. Analysis and Forecast to 2025