Republic of Korea - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in South Korea - 2022
Contents:
- Price for Chromium Ore and Concentrate in South Korea (CIF) - 2022
- Price for Chromium Ore and Concentrate in South Korea (FOB) - 2022
- Imports of Chromium Ore and Concentrate in South Korea
- Exports of Chromium Ore and Concentrate in South Korea
Price for Chromium Ore and Concentrate in South Korea (CIF) - 2022
In 2022, the average chromium ore and concentrate import price amounted to $653 per ton, increasing by 37% against the previous year. Overall, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices hit record highs at $988 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,290 per ton), while the price for China ($381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+101.6%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Ore and Concentrate in South Korea (FOB) - 2022
South Korea has no trade partners to describe.
Imports of Chromium Ore and Concentrate in South Korea
Chromium ore and concentrate imports into South Korea contracted sharply to 345 tons in 2022, shrinking by -80.3% on 2021 figures. Over the period under review, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of 1.7K tons, and then declined significantly in the following year.
In value terms, chromium ore and concentrate imports shrank dramatically to $225K in 2022. Overall, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year.
| Import of Chromium Ore and Concentrate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 17.8 | 19.8 | 37.9 | 184 | 117.8% |
| Japan | 17.6 | 28.9 | 17.2 | 37.4 | 28.6% |
| Belgium | 1.2 | 0.6 | 1.3 | 3.9 | 48.1% |
| China | 252 | 194 | 29.7 | N/A | -65.7% |
| Oman | 609 | 297 | 515 | N/A | -8.0% |
| Pakistan | N/A | 3.2 | 224 | N/A | 6900.0% |
| Others | 18.4 | 18.9 | 8.6 | N/A | -31.6% |
| Total | 916 | 563 | 833 | 225 | -37.4% |
Top Suppliers of Chromium Ore and Concentrate to South Korea in 2022:
- China (undefined tons)
- South Africa (308.9 tons)
- Japan (29.0 tons)
- Belgium (6.7 tons)
Exports of Chromium Ore and Concentrate in South Korea
In 2022, shipments abroad of chromium ores and concentrates was finally on the rise to reach 182 tons after two years of decline. In general, exports, however, continue to indicate a dramatic descent.
In value terms, chromium ore and concentrate exports soared to $77K in 2022. Overall, exports, however, continue to indicate a dramatic shrinkage.
| Export of Chromium Ore and Concentrate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 182 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 13.8 | N/A | 0% |
| Portugal | N/A | 1.4 | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | 1.3 | N/A | 0% |
| Australia | N/A | 120 | N/A | N/A | 0% |
| Others | 182 | 1.4 | 15.1 | 76.7 | -25.0% |
| Total | 365 | 123 | 30.1 | 76.7 | -40.5% |
Top Export Markets for Chromium Ore and Concentrate from South Korea in 2022:
This report provides an in-depth analysis of the market for chromium ore and concentrate in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
-
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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In 2022, chromium prices are forecast to surge onrising energy costs, while global metal production has not fully recovered from the Covid-crisis.
881
In 2020, global exports of chromium ores and concentrates reduced sharply by -10.2% y-o-y to 16M tons. 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.
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