Japan - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in Japan - 2023
Contents:
- Price for Chromium Ore and Concentrate in Japan (CIF) - 2023
- Price for Chromium Ore and Concentrate in Japan (FOB) - 2022
- Imports of Chromium Ore and Concentrate in Japan
- Exports of Chromium Ore and Concentrate in Japan
Price for Chromium Ore and Concentrate in Japan (CIF) - 2023
The average chromium ore and concentrate import price stood at $502 per ton in September 2023, surging by 4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 17% month-to-month. Over the period under review, average import prices hit record highs in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Pakistan ($514 per ton) and Turkey ($507 per ton), while the price for South Africa ($416 per ton) and Oman ($449 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 Albania (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Ore and Concentrate in Japan (FOB) - 2022
The average chromium ore and concentrate export price stood at $374 per ton in 2022, declining by -60.1% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 43% against the previous year. The export price peaked at $1,712 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +11.4% per year.
Imports of Chromium Ore and Concentrate in Japan
In 2022, chromium ore and concentrate imports into Japan soared to 61K tons, picking up by 28% on the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium ore and concentrate imports soared to $26M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Ore and Concentrate in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2.8 | 1.3 | 5.2 | 13.7 | 69.8% |
| South Africa | 11.2 | 5.3 | 4.5 | 8.8 | -7.7% |
| Oman | 1.2 | 1.1 | 1.4 | 1.6 | 10.1% |
| Zimbabwe | 0.2 | 0.2 | 2.0 | 0.9 | 65.1% |
| Albania | 1.8 | 2.3 | 1.6 | 0.4 | -39.4% |
| Turkey | 2.3 | 2.6 | 0.2 | 0.2 | -55.7% |
| India | 5.4 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 25.0 | 13.0 | 15.1 | 25.7 | 0.9% |
Top Suppliers of Chromium Ore and Concentrate to Japan in 2022:
- Pakistan (29.6K tons)
- South Africa (23.7K tons)
- Oman (3.6K tons)
- Zimbabwe (2.6K tons)
- Albania (0.9K tons)
- Turkey (0.5K tons)
Exports of Chromium Ore and Concentrate in Japan
In 2022, after three years of growth, there was significant decline in shipments abroad of chromium ores and concentrates, when their volume decreased by -96% to 6.7 tons. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 192%. As a result, the exports reached the peak of 166 tons, and then reduced notably in the following year.
In value terms, chromium ore and concentrate exports fell sharply to $2.5K in 2022. Overall, exports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 82%. As a result, the exports reached the peak of $156K, and then reduced notably in the following year.
| Export of Chromium Ore and Concentrate in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.5 | 0% |
| South Korea | 58.2 | 45.0 | N/A | N/A | -22.7% |
| Switzerland | N/A | N/A | 156 | N/A | 0% |
| Singapore | N/A | 40.4 | N/A | N/A | 0% |
| Others | 3.1 | N/A | N/A | N/A | 0% |
| Total | 61.4 | 85.4 | 156 | 2.5 | -65.6% |
Top Export Markets for Chromium Ore and Concentrate from Japan in 2022:
- China (6.7 tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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200
During the analyzed timeframe, Measuring Instrument exports reached their highest point in October 2022, with 316K units. However, from November 2022 to July 2023, exports remained slightly lower. In terms of value, Measuring Instrument exports decreased to $17M in July 2023.
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