Belgium: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Belgium

The revenue of the chrome ore market in Belgium amounted to $X in 2017, surging by X% against the previous year. In general, chrome ore consumption continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2008, when market value increased by X% year-to-year. In that year, the chrome ore market reached their peak level of $X. From 2009 to 2017, growth of the chrome ore market failed to regain its momentum.

Chrome Ore Production in Belgium

In 2017, the amount of chromium ores and concentrates produced in Belgium stood at X kg, shrinking by -X% against the previous year. In general, chrome ore production continues to indicate a dramatic decrease. Over the period under review, the chrome ore production reached its peak figure volume of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Chrome Ore Exports from Belgium

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Belgium; picking up by X% against the previous year. Overall, chrome ore exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. Belgium exports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, chrome ore exports amounted to $X in 2017. In general, chrome ore exports continue to indicate a prominent growth. Belgium exports peaked in 2017, and are likely to continue its growth in the immediate term.

Chrome Ore Exports by Country from Belgium

South Africa dominates chrome ore exports structure, recording X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by Turkey (X tonnes) and Kazakhstan (X tonnes), together constituting X% share of total exports. 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. 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 ($X) remains the largest chrome ore supplier from Belgium, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in South Africa amounted to +X%. 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 Belgium

In 2017, the chrome ore export price in Belgium amounted to $X per tonne, surging by X% against the previous year. Overall, chrome ore export price continues to indicate a measured descent. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. Over the period under review, the export prices for chromium ores and concentrates attained its maximum level of $X per tonne in 2009; however, from 2010 to 2017, it failed to regain its momentum.

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 Belgium

Chrome ore imports into Belgium totaled X tonnes in 2017, increasing by X% against the previous year. Overall, chrome ore imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2012, when imports increased by X% against the previous year. Belgium imports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate a remarkable increase. Over the period under review, the chrome ore imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Chrome Ore Imports by Country into Belgium

China represented the key importing country with an import of about X tonnes, which accounted for X% of total imports. Mozambique (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Russia (X%). Sweden (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to chrome ore imports into China stood at +X%. 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. Mozambique (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

The chrome ore import price in Belgium stood at $X per tonne in 2017, rising by X% against the previous year. Overall, chrome ore import price continues to indicate a deep drop. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% year-to-year. Over the period under review, the import prices for chromium ores and concentrates attained 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