Austria: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Austria

In 2022, the Austrian chromium ore and concentrate market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a deep downturn. Chromium ore and concentrate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Chromium Ores and Concentrates

Exports from Austria

In 2022, shipments abroad of chromium ores and concentrates increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports surged to $X in 2022. In general, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for chromium ore and concentrate exports from Austria, accounting for a X% share of total exports. It was followed by Hungary (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Germany (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for chromium ores and concentrates exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports into Austria

In 2022, overseas purchases of chromium ores and concentrates decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports declined to $X in 2022. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest chromium ore and concentrate supplier to Austria, with a X% share of total imports. Moreover, chromium ore and concentrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Turkey ($X) and Germany ($X) constituted the largest chromium ore and concentrate suppliers to Austria, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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