MERCOSUR: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in MERCOSUR

In 2022, the MERCOSUR chromium ore and concentrate market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a deep reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in MERCOSUR

In value terms, chromium ore and concentrate production totaled $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports in MERCOSUR

In 2022, approx. X tons of chromium ores and concentrates were exported in MERCOSUR; falling by X% on 2021 figures. Over the period under review, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports declined dramatically to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Chile (X tons), mixing up a X% share of total exports. Ecuador (X tons), Peru (X tons) and Colombia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Ecuador and Colombia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per ton) and Peru ($X per ton), while Ecuador ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Imports of Chromium Ores and Concentrates

Imports in MERCOSUR

In 2022, chromium ore and concentrate imports in MERCOSUR plummeted to X tons, which is down by X% against the year before. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports expanded notably to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) represented the major importer of chromium ores and concentrates, committing X% of total imports. Peru (X tons) held the second position in the ranking, followed by Chile (X tons) and Argentina (X tons). All these countries together took near X% share of total imports. Colombia (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Peru, Chile and Colombia increased by X, X, X and X percentage points, respectively.

In value terms, the largest chromium ore and concentrate importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Chile ($X), together comprising X% of total imports.

In terms of the main importing countries, Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded moderate growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :