Finland: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Finland

The revenue of the chrome ore market in Finland amounted to $X in 2017, surging by X% against the previous year. Overall, chrome ore consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the chrome ore market reached its maximum level in 2017, and is likely to see steady growth in the immediate term.

Chrome Ore Production in Finland

In 2017, the amount of chromium ores and concentrates produced in Finland stood at X tonnes, coming up by X% against the previous year. Overall, chrome ore production continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Finland chrome ore production peaked in 2017, and is likely to continue its growth in the immediate term.

Chrome Ore Exports from Finland

Chrome ore exports from Finland stood at X tonnes in 2017, coming up by X% against the previous year. Overall, chrome ore exports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Finland exports peaked of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, chrome ore exports stood at $X in 2017. Overall, chrome ore exports continue to indicate a strong growth. Finland exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Finland

South Africa dominates chrome ore exports structure, recording X tonnes, which was near 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%). Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) followed a long way behind the leaders.

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. South Africa (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chrome ore supplier from Finland, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In South Africa, chrome ore exports expanded 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 Finland

The chrome ore export price in Finland stood at $X per tonne in 2017, jumping 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. In that year, the export prices for chromium ores and concentrates attained their peak level of $X per tonne. From 2009 to 2017, growth of the export prices for chromium ores and concentrates 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 Finland

Chrome ore imports into Finland amounted to X tonnes in 2017, flattening at the previous year. Overall, chrome ore imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. In that year, the chrome ore imports attained their peak volume of X tonnes. From 2012 to 2017, growth of the chrome ore imports 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 strong expansion. Finland imports peaked in 2017, and are likely to see steady growth in the immediate term.

Chrome Ore Imports by Country into Finland

In 2017, China (X tonnes) represented the major importer for chromium ores and concentrates, making up 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) held the weak 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 ($X) constitutes the largest market for imported chromium ores and concentrates into Finland, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($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. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Russia (-X% per year).

Chrome Ore Import Prices by Country in Finland

In 2017, the chrome ore import price in Finland amounted to $X per tonne, rising by X% against the previous year. Overall, chrome ore import price continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Finland import price peaked in 2017, and is expected to retain its growth in the near future.

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