Eastern Europe: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Eastern Europe

The East European chromium ore and concentrate market shrank slightly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Chromium Ores and Concentrates in Eastern Europe

In value terms, chromium ore and concentrate production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports in Eastern Europe

In 2022, shipments abroad of chromium ores and concentrates decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports rose markedly to $X in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic was the largest exporter of chromium ores and concentrates in Eastern Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Russia (X tons), Poland (X tons) and Slovakia (X tons), together constituting a X% share of total exports. The following exporters - Hungary (X tons) and Ukraine (X tons) - each accounted for a X% share of total exports.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%), Russia (X%), Poland (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Slovakia (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.), Poland (X p.p.) and Ukraine (X p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Hungary and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports in Eastern Europe

In 2022, supplies from abroad of chromium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. Poland (X tons) held a little share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. Poland (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chromium ores and concentrates in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports.

In Russia, chromium ore and concentrate imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%).

Source: IndexBox Platform

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