Europe: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Europe

In 2022, the Europe chromium ore and concentrate market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Chromium Ores and Concentrates in Europe

In value terms, chromium ore and concentrate production reduced to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Chromium Ores and Concentrates

Exports in Europe

In 2022, exports of chromium ores and concentrates in Europe reduced remarkably to X tons, which is down by X% against the year before. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromium ore and concentrate exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). The following exporters - Italy (X tons) and France (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chromium ore and concentrate exports from the Netherlands stood at X%. At the same time, Italy (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Belgium (X p.p.), Germany (X p.p.) and Italy (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chromium ore and concentrate supplying countries in Europe were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. Italy and France lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the export price figures.

Imports of Chromium Ores and Concentrates

Imports in Europe

In 2022, the amount of chromium ores and concentrates imported in Europe declined to X tons, dropping by X% against 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports soared to $X in 2022. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) represented the main importer of chromium ores and concentrates, generating X% of total imports. It was distantly followed by Germany (X tons) and Belgium (X tons), together mixing up a X% share of total imports. Spain (X tons), Italy (X tons), Austria (X tons) and 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. At the same time, Spain (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Germany (X%), Poland (X%) and Austria (X%) illustrated a downward trend over the same period. Germany (X p.p.), Belgium (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a mild expansion 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 reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Germany ($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.

Source: IndexBox Platform

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