Malaysia: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Malaysia

The revenue of the chrome ore market in Malaysia amounted to $X in 2017, increasing by X% against the previous year. In general, chrome ore consumption continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2010, when market value increased by X% y-o-y. Over the period under review, the chrome ore market attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Malaysia

In 2017, chrome ore production in Malaysia stood at X kg, remaining relatively unchanged against the previous year. In general, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Malaysia

Chrome ore exports from Malaysia amounted to X tonnes in 2017, surging by X% against the previous year. In general, chrome ore exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. Malaysia exports peaked of X tonnes in 2014; however, from 2015 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 strong growth. Over the period under review, the chrome ore exports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports by Country from Malaysia

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

The chrome ore export price in Malaysia stood at $X per tonne in 2017, jumping by X% against the previous year. Overall, chrome ore export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when the export prices increased by X% year-to-year. In that year, the export prices for chromium ores and concentrates reached their peak level of $X per tonne. From 2012 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 Malaysia

In 2017, the amount of chromium ores and concentrates imported into Malaysia stood at X tonnes, approximately mirroring the previous year. In general, chrome ore imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when imports increased by X% year-to-year. Over the period under review, the chrome ore imports reached its peak figure volume of X tonnes in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports stood at $X in 2017. Overall, chrome ore imports continue to indicate a remarkable increase. Over the period under review, the chrome ore imports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Chrome Ore Imports by Country into Malaysia

In 2017, China (X tonnes) represented the largest importer for chromium ores and concentrates, making up X% of total imports. Mozambique (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Russia (X%). Sweden (X tonnes) occupied the minor 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 ($X) constitutes the largest market for imported chromium ores and concentrates into Malaysia, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($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 Malaysia

The chrome ore import price in Malaysia stood at $X per tonne in 2017, approximately equating the previous year. In general, the import price indicated a moderate increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore import price decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. In that year, the import prices for chromium ores and concentrates reached their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for chromium ores and concentrates failed to regain its momentum.

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