Australia: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Australia

The revenue of the chrome ore market in Australia amounted to $X in 2017, falling by -X% against the previous year. Overall, chrome ore consumption continues to indicate a sharp slump. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. Over the period under review, the chrome ore market reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Australia

In 2017, approx. X tonnes of chromium ores and concentrates were produced in Australia; jumping by X% against the previous year. In general, chrome ore production continues to indicate a perceptible expansion. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Australia chrome ore production peaked of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Exports from Australia

In 2017, the amount of chromium ores and concentrates exported from Australia stood at X tonnes, growing by X% against the previous year. In general, chrome ore exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Australia exports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore exports stood at $X in 2017. In general, chrome ore exports continue to indicate a remarkable expansion. Over the period under review, the chrome ore exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Australia

South Africa prevails in chrome ore exports structure, recording X tonnes, which was near 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%). Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) took the minor 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 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. From 2007 to 2017, the share of South Africa decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In 2017, the chrome ore export price in Australia amounted to $X per tonne, flattening at the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. In that year, the export prices for chromium ores and concentrates reached their peak level of $X per tonne. From 2011 to 2017, growth of the export prices for chromium ores and concentrates failed to regain its momentum.

Export prices varied noticeably by the country of destination; 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 Australia

In 2017, imports of chromium ores and concentrates into Australia amounted to X tonnes, increasing by X% against the previous year. Overall, chrome ore imports continue to indicate a drastic slump. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Australia imports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports stood at $X in 2017. In general, chrome ore imports continue to indicate a drastic decrease. Over the period under review, the chrome ore imports attained its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Chrome Ore Imports by Country into Australia

China represented the largest importer of chromium ores and concentrates in the world, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2017. It was distantly followed by Mozambique (X tonnes) and Russia (X tonnes), together mixed up 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. From 2007 to 2017, the share of Mozambique and China decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in China was relatively modest. 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 Australia

The chrome ore import price in Australia stood at $X per tonne in 2017, surging by X% against the previous year. Overall, the import price indicated a slight expansion 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. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% year-to-year. Australia import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

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