Philippines - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in the Philippines - 2023
Contents:
- Price for Chromium Ore and Concentrate in the Philippines (FOB) - 2023
- Price for Chromium Ore and Concentrate in the Philippines (CIF) - 2022
- Exports of Chromium Ore and Concentrate in the Philippines
- Imports of Chromium Ore and Concentrate in the Philippines
Price for Chromium Ore and Concentrate in the Philippines (FOB) - 2023
The average chromium ore and concentrate export price stood at $248 per ton in June 2023, standing approximately at the previous month. In general, the export price recorded a mild increase. Over the period under review, the average export prices reached the peak figure at $289 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +1.1% per month.
Price for Chromium Ore and Concentrate in the Philippines (CIF) - 2022
The average chromium ore and concentrate import price stood at $291 per ton in 2022, which is down by -35.1% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $1,076 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($305 per ton), while the price for Singapore amounted to $246 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-3.5%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium Ore and Concentrate in the Philippines
Chromium ore and concentrate exports from the Philippines surged to 105K tons in 2022, growing by 42% against 2021 figures. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, chromium ore and concentrate exports surged to $16M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 77%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Chromium Ore and Concentrate in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 5.1 | 9.8 | 16.2 | 37.0% |
| Singapore | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| India | 1.2 | 1.4 | 1.8 | N/A | 22.5% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 7.7 | 6.7 | 11.8 | 16.2 | 28.1% |
Top Export Markets for Chromium Ore and Concentrate from the Philippines in 2022:
- China (104.6K tons)
Imports of Chromium Ore and Concentrate in the Philippines
In 2022, after three years of growth, there was significant decline in purchases abroad of chromium ores and concentrates, when their volume decreased by -54.5% to 32 tons. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports reached the peak of 70 tons, and then dropped rapidly in the following year.
In value terms, chromium ore and concentrate imports reduced dramatically to $9.2K in 2022. Over the period under review, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of $31K, and then contracted significantly in the following year.
| Import of Chromium Ore and Concentrate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 5.4 | 5.2 | 5.1 | 7.4 | 11.1% |
| Singapore | 1.1 | 0.1 | 3.1 | 1.8 | 17.8% |
| Japan | 3.9 | 3.7 | 3.7 | N/A | -2.6% |
| United States | 19.3 | 18.6 | 18.5 | N/A | -2.1% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.4 | N/A | -10.6% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 30.2 | 28.1 | 31.2 | 9.2 | -32.7% |
Top Suppliers of Chromium Ore and Concentrate to the Philippines in 2022:
- South Africa (24.3 tons)
- Singapore (7.4 tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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872
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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