Indonesia: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Indonesia

The revenue of the chrome ore market in Indonesia amounted to $X in 2017, falling by -X% against the previous year. In general, chrome ore consumption continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. In that year, the chrome ore market attained their peak level of $X. From 2012 to 2017, growth of the chrome ore market stood at a somewhat lower level.

Chrome Ore Production in Indonesia

Chrome ore production in Indonesia amounted to X tonnes in 2017, remaining relatively unchanged against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. Indonesia chrome ore production peaked in 2017, and is likely to see steady growth in the near future.

Chrome Ore Exports from Indonesia

Chrome ore exports from Indonesia totaled X tonnes in 2017, declining by -X% against the previous year. In general, chrome ore exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. Indonesia exports peaked of X tonnes in 2012; however, from 2013 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 dramatic shrinkage. Indonesia exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Indonesia

South Africa prevails in chrome ore exports structure, resulting at 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. 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 ($X) remains the largest chrome ore supplier from Indonesia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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 Indonesia

In 2017, the chrome ore export price in Indonesia amounted to $X per tonne, standing approx. at the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% year-to-year. In that year, the export prices for chromium ores and concentrates attained their peak level of $X per tonne. From 2011 to 2017, growth of the export prices for chromium ores and concentrates failed to regain its momentum.

Export prices varied noticeably by the country of destination; 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 Indonesia

In 2017, approx. X tonnes of chromium ores and concentrates were imported into Indonesia; increasing by X% against the previous year. In general, chrome ore imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the chrome ore imports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate a prominent growth. Over the period under review, the chrome ore imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Chrome Ore Imports by Country into Indonesia

In 2017, China (X tonnes) was the key importer for chromium ores and concentrates, constituting 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) followed a long way behind the leaders.

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

The chrome ore import price in Indonesia stood at $X per tonne in 2017, approximately mirroring the previous year. Overall, chrome ore import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. Over the period under review, the import prices for chromium ores and concentrates reached its peak figure level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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