Chile: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Chile

The revenue of the chrome ore market in Chile amounted to $X in 2017, declining by -X% against the previous year. Overall, chrome ore consumption continues to indicate an abrupt setback. The growth pace was the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the chrome ore market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Chrome Ore Production in Chile

Chrome ore production in Chile amounted to X kg in 2017, standing approx. at the previous year. Overall, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Chile

In 2017, chrome ore exports from Chile stood at X tonnes, coming up by X% against the previous year. In general, chrome ore exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2017, when exports increased by X% against the previous year. Over the period under review, the chrome ore exports reached its peak figure volume 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. In general, chrome ore exports continue to indicate an abrupt descent. Chile exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Chile

South Africa prevails in chrome ore exports structure, recording X tonnes, which was near X% of total exports in 2017. It was distantly followed by Turkey (X tonnes) and Kazakhstan (X tonnes), together achieving X% share of total exports. Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) occupied the mild 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 ($X) remains the largest chrome ore supplier from Chile, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In South Africa, chrome ore exports increased 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 Chile

The chrome ore export price in Chile stood at $X per tonne in 2017, reducing by -X% against the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, an increase of X% against the previous year. In that year, the export prices for chromium ores and concentrates attained their peak level of $X per tonne, and then declined slightly in the following year.

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 Chile

In 2017, approx. X tonnes of chromium ores and concentrates were imported into Chile; coming down by -X% against the previous year. In general, chrome ore imports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Chile imports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate a temperate downturn. 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 Chile

In 2017, China (X tonnes) represented the largest importer for chromium ores and concentrates, creating X% of total imports. Mozambique (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Russia (X%). Sweden (X tonnes) occupied the mild share of total imports.

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

In 2017, the chrome ore import price in Chile amounted to $X per tonne, increasing by X% against 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 2008, an increase of X% against the previous year. Chile 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