Denmark: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Denmark

The revenue of the chrome ore market in Denmark amounted to $X in 2017, jumping by X% against the previous year. In general, chrome ore consumption continues to indicate a deep downturn. The pace of growth was the most pronounced in 2011, when market value increased by X% y-o-y. Over the period under review, the chrome ore market attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Chrome Ore Production in Denmark

In 2017, approx. X kg of chromium ores and concentrates were produced in Denmark; flattening at the previous year. In general, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Denmark

In 2017, exports of chromium ores and concentrates from Denmark totaled X tonnes, dropping by -X% against the previous year. Overall, chrome ore exports continue to indicate a precipitous reduction. The pace of growth appeared the most rapid in 2017, with an increase of -X% against the previous year. Denmark 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. In general, chrome ore exports continue to indicate a dramatic slump. Denmark exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Denmark

South Africa dominates chrome ore exports structure, recording X tonnes, which was approx. X% of total exports in 2017. Turkey (X tonnes) ranks second in terms of the global exports with a X% share, followed by Kazakhstan (X%). 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 ($X) remains the largest chrome ore supplier from Denmark, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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 amounted to +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 Denmark

The chrome ore export price in Denmark stood at $X per tonne in 2017, remaining constant against the previous year. Overall, chrome ore export price continues to indicate a slight increase. The growth pace was the most rapid in 2011, when the export prices increased by X% against the previous year. In that year, the export prices for chromium ores and concentrates reached their peak level of $X per tonne; afterwards, it flattened through to 2017.

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 Denmark

In 2017, imports of chromium ores and concentrates into Denmark stood at X tonnes, picking up by X% against the previous year. Overall, chrome ore imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2011, when imports increased by X% year-to-year. Over the period under review, the chrome ore imports reached its maximum volume of X tonnes in 2014; however, from 2015 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 an abrupt drop. Over the period under review, the chrome ore imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Chrome Ore Imports by Country into Denmark

China was the key importing country with an import of about X tonnes, which amounted to 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.

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

In 2017, the chrome ore import price in Denmark amounted to $X per tonne, rising by X% against the previous year. Overall, chrome ore import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the import prices increased by X% year-to-year. In that year, the import prices for chromium ores and concentrates reached their peak level of $X per tonne. From 2009 to 2017, growth of the import prices for chromium ores and concentrates 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