China: Chrome Ore Market Overview 2020

Chrome Ore Market Size in China

The revenue of the chrome ore market in China amounted to $X in 2017, growing by X% against the previous year. In general, chrome ore consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, the chrome ore market attained its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Chrome Ore Production in China

In 2017, approx. X tonnes of chromium ores and concentrates were produced in China; going down by -X% against the previous year. In general, chrome ore production continues to indicate an abrupt reduction. China chrome ore production peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Chrome Ore Exports from China

In 2017, approx. X tonnes of chromium ores and concentrates were exported from China; jumping by X% against the previous year. Overall, chrome ore exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008, when exports increased by X% year-to-year. China exports peaked of X tonnes in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, chrome ore exports amounted to $X in 2017. Overall, chrome ore exports continue to indicate a prominent increase. Over the period under review, the chrome ore exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports by Country from China

South Africa prevails in chrome ore exports structure, finishing at X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by Turkey (X tonnes) and Kazakhstan (X tonnes), together generating 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 ($X) remains the largest chrome ore supplier from China, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Kazakhstan (-X% per year).

Chrome Ore Export Prices by Country in China

The chrome ore export price in China stood at $X per tonne in 2017, remaining constant against the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. Over the period under review, the export prices for chromium ores and concentrates attained its maximum level of $X per tonne in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

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 China

Chrome ore imports into China amounted to X tonnes in 2017, surging by X% against the previous year. Overall, the total imports indicated a prominent expansion 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. Based on 2017 figures, the chrome ore imports decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. China imports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate a relatively flat trend pattern. Over the period under review, the chrome ore imports attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Chrome Ore Imports by Country into China

In 2017, China (X tonnes) represented the main importer for chromium ores and concentrates, generating 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) occupied the mild share of total imports.

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

The chrome ore import price in China stood at $X per tonne in 2017, dropping by -X% against the previous year. Overall, chrome ore import price continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. China import price peaked of $X per tonne in 2008; however, from 2009 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