China - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in China - 2023
Contents:
- Price for Chromium Ore and Concentrate in China (CIF) - 2023
- Price for Chromium Ore and Concentrate in China (FOB) - 2023
- Imports of Chromium Ore and Concentrate in China
- Exports of Chromium Ore and Concentrate in China
Price for Chromium Ore and Concentrate in China (CIF) - 2023
The average chromium ore and concentrate import price stood at $279 per ton in September 2023, standing approximately at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 7.1% against the previous month. The import price peaked at $283 per ton in August 2023, and then contracted in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Turkey ($331 per ton) and Zimbabwe ($322 per ton), while the price for South Africa ($271 per ton) and Pakistan ($293 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Ore and Concentrate in China (FOB) - 2023
In September 2023, the average chromium ore and concentrate export price amounted to $441 per ton, with a decrease of -1.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 156% m-o-m. As a result, the export price attained the peak level of $1,166 per ton. From November 2022 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Japan ($6,692 per ton), while the average price for exports to Russia totaled $439 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+23.7%), while the prices for the other major destinations experienced a decline.
Imports of Chromium Ore and Concentrate in China
In 2022, approx. 15M tons of chromium ores and concentrates were imported into China; approximately equating the previous year's figure. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.
In value terms, chromium ore and concentrate imports soared to $3.5B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Ore and Concentrate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2,023 | 1,609 | 1,942 | 2,710 | 10.2% |
| Turkey | 190 | 112 | 266 | 305 | 17.1% |
| Albania | 63.8 | 38.9 | 66.0 | 135 | 28.4% |
| Zimbabwe | 136 | 108 | 150 | 132 | -1.0% |
| Pakistan | 68.0 | 47.7 | 80.6 | 89.2 | 9.5% |
| Oman | 38.4 | 34.6 | 47.1 | 43.8 | 4.5% |
| Others | 106 | 92.9 | 56.2 | 91.5 | -4.8% |
| Total | 2,626 | 2,043 | 2,607 | 3,507 | 10.1% |
Top Suppliers of Chromium Ore and Concentrate to China in 2022:
- South Africa (12.3M tons)
- Turkey (0.9M tons)
- Zimbabwe (0.5M tons)
- Albania (0.4M tons)
- Pakistan (0.3M tons)
- Oman (0.2M tons)
Exports of Chromium Ore and Concentrate in China
In 2022, shipments abroad of chromium ores and concentrates was finally on the rise to reach 12K tons after two years of decline. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium ore and concentrate exports soared to $6.7M in 2022. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium Ore and Concentrate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 98.8 | 168 | 14.2 | 2,853 | 206.8% |
| South Korea | 2,524 | 1,433 | 3,379 | 2,461 | -0.8% |
| Vietnam | 6.6 | 73.6 | 19.9 | 800 | 394.9% |
| Japan | 223 | 234 | 226 | 145 | -13.4% |
| Singapore | 277 | N/A | 136 | 142 | -20.0% |
| Mongolia | 99.6 | 88.4 | 85.0 | 96.3 | -1.1% |
| Malaysia | 130 | 84.5 | 268 | 54.1 | -25.3% |
| Peru | 201 | 25.3 | N/A | N/A | -87.4% |
| Austria | N/A | 394 | N/A | N/A | 0% |
| Taiwan (Chinese) | 715 | N/A | N/A | N/A | 0% |
| Chile | N/A | 183 | N/A | N/A | 0% |
| Others | 272 | 631 | 443 | 196 | -10.3% |
| Total | 4,548 | 3,315 | 4,571 | 6,746 | 14.0% |
Top Export Markets for Chromium Ore and Concentrate from China in 2022:
- Russia (5.3K tons)
- South Korea (3.6K tons)
- Vietnam (1.9K tons)
- Singapore (0.2K tons)
- Japan (0.2K tons)
- Mongolia (0.1K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
-
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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