Brazil: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Brazil

The revenue of the chrome ore market in Brazil amounted to $X in 2017, going down by -X% against the previous year. In general, chrome ore consumption continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Brazil chrome ore consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Brazil

In 2017, the amount of chromium ores and concentrates produced in Brazil totaled X tonnes, stabilizing at the previous year. In general, the total output indicated a mild increase from 2007 to 2017: its volume 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 2014, when it surged by X% year-to-year. In that year, the chrome ore production attained their peak volume of X tonnes. From 2015 to 2017, growth of the chrome ore production stood at a somewhat lower level.

Chrome Ore Exports from Brazil

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Brazil; increasing by X% against the previous year. Overall, chrome ore exports continue to indicate a deep decline. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. Brazil exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore exports totaled $X in 2017. Overall, chrome ore exports continue to indicate a sharp downturn. Brazil exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Brazil

South Africa prevails in chrome ore exports structure, resulting at X tonnes, which was near X% of total exports in 2017. Turkey (X tonnes) occupied the second position in the ranking, followed by Kazakhstan (X tonnes). All these countries together took approx. 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. While the share of South Africa (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual rate of growth in terms of value in South Africa totaled +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 Brazil

In 2017, the chrome ore export price in Brazil amounted to $X per tonne, shrinking by -X% against the previous year. Overall, chrome ore export price continues to indicate a drastic reduction. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the export prices for chromium ores and concentrates attained its maximum level of $X per tonne in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

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 Brazil

Chrome ore imports into Brazil amounted to X tonnes in 2017, growing by X% against the previous year. Overall, chrome ore imports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Brazil imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore imports amounted to $X in 2017. Overall, chrome ore imports continue to indicate a significant descent. Brazil imports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Imports by Country into Brazil

China was the key importing country with an import of about X tonnes, which accounted for X% of total imports. Mozambique (X tonnes) ranks second in terms of the global imports with a X% share, 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. 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 ($X) constitutes the largest market for imported chromium ores and concentrates into Brazil, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Russia (-X% per year).

Chrome Ore Import Prices by Country in Brazil

The chrome ore import price in Brazil stood at $X per tonne in 2017, surging 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. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. Brazil import price peaked of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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