Argentina: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Argentina

The revenue of the chrome ore market in Argentina amounted to $X in 2017, declining by -X% against the previous year. In general, chrome ore consumption continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the chrome ore market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Argentina

Chrome ore production in Argentina totaled X kg in 2017, remaining relatively unchanged against the previous year. In general, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Argentina

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Argentina; shrinking by -X% against the previous year. In general, chrome ore exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. Over the period under review, the chrome ore exports attained its maximum volume of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore exports amounted to $X in 2017. Overall, chrome ore exports continue to indicate a remarkable increase. Over the period under review, the chrome ore exports reached its maximum level in 2017, and are expected to retain its growth in the near future.

Chrome Ore Exports by Country from Argentina

South Africa dominates chrome ore exports structure, amounting to X tonnes, which was approx. X% of total exports in 2017. Turkey (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Kazakhstan (X%). The following exporters - Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) together made up X% 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 2007 to 2017. At the same time, Albania (+X%), Australia (+X%), Iran (+X%) and Pakistan (+X%) displayed positive paces of growth. Turkey and Kazakhstan experienced a relatively flat trend pattern. South Africa (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chrome ore supplier from Argentina, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In South Africa, chrome ore exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Kazakhstan (-X% per year).

Chrome Ore Export Prices by Country in Argentina

The chrome ore export price in Argentina stood at $X per tonne in 2017, coming up by X% against the previous year. In general, the export price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015, when the export prices increased by X% against the previous year. Argentina export price peaked in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Iran ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Chrome Ore Imports into Argentina

In 2017, approx. X tonnes of chromium ores and concentrates were imported into Argentina; increasing by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. In that year, the chrome ore imports reached their peak volume of X tonnes. From 2009 to 2017, growth of the chrome ore imports failed to regain its momentum.

In value terms, chrome ore imports amounted to $X in 2017. In general, the total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore imports decreased by -X% against 2014 indices. In that year, the chrome ore imports reached their peak level of $X. From 2009 to 2017, growth of the chrome ore imports stood at a somewhat lower level.

Chrome Ore Imports by Country into Argentina

In 2017, China (X tonnes) was the main importer for chromium ores and concentrates, comprising X% of total imports. It was distantly followed by Mozambique (X tonnes) and Russia (X tonnes), together achieving X% share of total imports. Sweden (X tonnes) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Mozambique (+X%) and Sweden (+X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of Mozambique (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chromium ores and concentrates into Argentina, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

In China, chrome ore imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Mozambique (+X% per year) and Russia (-X% per year).

Chrome Ore Import Prices by Country in Argentina

In 2017, the chrome ore import price in Argentina amounted to $X per tonne, rising by X% against the previous year. Overall, the import price indicated a moderate growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore import price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the import prices for chromium ores and concentrates reached its maximum level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Sweden ($X per tonne), while Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Sweden (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform