Africa: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Africa

The African chromium ore and concentrate market dropped remarkably to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Chromium Ores and Concentrates in Africa

In value terms, chromium ore and concentrate production reduced to $X in 2022 estimated in export price. Overall, production saw a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports in Africa

In 2022, the amount of chromium ores and concentrates exported in Africa was estimated at X tons, almost unchanged from 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports soared to $X in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Zimbabwe (X tons) held a little share of total exports.

South Africa was also the fastest-growing in terms of the chromium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. At the same time, Zimbabwe (X%) displayed positive paces of growth. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chromium ore and concentrate supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Chromium Ores and Concentrates

Imports in Africa

Chromium ore and concentrate imports reduced sharply to X tons in 2022, declining by X% against 2021. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports declined markedly to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Egypt (X tons), Morocco (X tons), Cameroon (X tons), Zambia (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%), Cameroon (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Nigeria (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Egypt (X p.p.), Cameroon (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported chromium ores and concentrates in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, chromium ore and concentrate imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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