Norway: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Norway

The revenue of the chrome ore market in Norway amounted to $X in 2017, picking up by X% against the previous year. Overall, chrome ore consumption continues to indicate a moderate downturn. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. In that year, the chrome ore market attained their peak level of $X. From 2009 to 2017, growth of the chrome ore market failed to regain its momentum.

Chrome Ore Production in Norway

In 2017, the amount of chromium ores and concentrates produced in Norway stood at X kg, stabilizing at the previous year. In general, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Norway

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Norway; going up by X% against the previous year. Overall, chrome ore exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. Over the period under review, the chrome ore exports reached its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, chrome ore exports stood at $X in 2017. In general, chrome ore exports continue to indicate a prominent growth. Over the period under review, the chrome ore exports reached its peak figure level in 2017, and are likely to continue its growth in the immediate term.

Chrome Ore Exports by Country from Norway

South Africa dominates chrome ore exports structure, recording X tonnes, which was near X% of total exports in 2017. Turkey (X tonnes) took the second position in the ranking, followed by Kazakhstan (X tonnes). All these countries together occupied near X% share of total exports. Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) took 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. From 2007 to 2017, the share of South Africa decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, chrome ore exports increased at an average annual rate of +X% over the period from 2007-2017. 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 Norway

In 2017, the chrome ore export price in Norway amounted to $X per tonne, jumping by X% against the previous year. In general, the export price indicated a strong 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 export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2009, an increase of X% y-o-y. Over the period under review, the export prices for chromium ores and concentrates attained its maximum level of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

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 Norway

In 2017, approx. X tonnes of chromium ores and concentrates were imported into Norway; going up by X% against the previous year. In general, chrome ore imports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. Norway imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate an outstanding growth. Norway imports peaked in 2017, and are expected to retain its growth in the near future.

Chrome Ore Imports by Country into Norway

China represented the main importing country with an import of about X tonnes, which resulted at 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.

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. From 2007 to 2017, the share of Mozambique and China decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chromium ores and concentrates into Norway, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China was relatively modest. 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 Norway

In 2017, the chrome ore import price in Norway amounted to $X per tonne, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Norway import price peaked in 2017, and is expected to retain its growth in the near future.

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