Hong Kong SAR, China - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in Hong Kong SAR - 2022
Contents:
- Price for Chromium Ore and Concentrate in Hong Kong SAR (CIF) - 2022
- Price for Chromium Ore and Concentrate in Hong Kong SAR (FOB) - 2022
- Imports of Chromium Ore and Concentrate in Hong Kong SAR
- Exports of Chromium Ore and Concentrate in Hong Kong SAR
Price for Chromium Ore and Concentrate in Hong Kong SAR (CIF) - 2022
In 2022, the average chromium ore and concentrate import price amounted to $254 per ton, surging by 41% against the previous year. Overall, the import price continues to indicate measured growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 76%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($276 per ton), while the price for South Africa totaled $165 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Ore and Concentrate in Hong Kong SAR (FOB) - 2022
The average chromium ore and concentrate export price stood at $595 per ton in 2022, reducing by -2.7% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate export price increased by +8.8% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 42% against the previous year. The export price peaked at $916 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($695 per ton), while the average price for exports to Indonesia amounted to $594 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced a decline.
Imports of Chromium Ore and Concentrate in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in supplies from abroad of chromium ores and concentrates, when their volume decreased by -99.8% to 1.4K tons. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 117%. As a result, imports reached the peak of 658K tons, and then contracted dramatically in the following year.
In value terms, chromium ore and concentrate imports dropped significantly to $349K in 2022. Overall, imports saw a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 267% against the previous year. As a result, imports reached the peak of $119M, and then reduced markedly in the following year.
| Import of Chromium Ore and Concentrate in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Zimbabwe | 2.2 | 2.6 | 3.3 | N/A | 22.5% |
| South Africa | 18.7 | 26.2 | 112 | N/A | 144.7% |
| Albania | 1.2 | 2.3 | 2.5 | N/A | 44.3% |
| Madagascar | 4.0 | 0.2 | N/A | N/A | -95.0% |
| Turkey | 0.4 | 0.7 | 1.1 | N/A | 65.8% |
| Others | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Total | 26.6 | 32.4 | 119 | 0.3 | -77.6% |
Top Suppliers of Chromium Ore and Concentrate to Hong Kong SAR in 2022:
- China (1099.3 tons)
- South Africa (275.4 tons)
Exports of Chromium Ore and Concentrate in Hong Kong SAR
In 2022, overseas shipments of chromium ores and concentrates increased by 1% to 97 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a mild reduction.
In value terms, chromium ore and concentrate exports fell slightly to $58K in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 3.7%.
| Export of Chromium Ore and Concentrate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 53.3 | 55.9 | 58.1 | 57.2 | 2.4% |
| Others | 1.5 | 0.9 | 0.8 | 0.7 | -22.4% |
| Total | 54.7 | 56.8 | 58.9 | 57.8 | 1.9% |
Top Export Markets for Chromium Ore and Concentrate from Hong Kong SAR in 2022:
- Indonesia (96.2 tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
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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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