Pakistan: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Pakistan

The revenue of the chrome ore market in Pakistan amounted to $X in 2017, rising by X% against the previous year. In general, chrome ore consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Pakistan chrome ore consumption peaked of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Pakistan

In 2017, the amount of chromium ores and concentrates produced in Pakistan stood at X tonnes, going up by X% against the previous year. In general, chrome ore production continues to indicate a slight setback. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the chrome ore production attained its peak figure volume of X tonnes in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports from Pakistan

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Pakistan; jumping by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the chrome ore exports reached its peak figure volume of X tonnes in 2008; however, from 2009 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 slight expansion. In that year, the chrome ore exports attained their peak level of $X. From 2009 to 2017, growth of the chrome ore exports failed to regain its momentum.

Chrome Ore Exports by Country from Pakistan

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. While the share of South Africa (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

The chrome ore export price in Pakistan stood at $X per tonne in 2017, jumping by X% against the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by 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 Pakistan

In 2017, the amount of chromium ores and concentrates imported into Pakistan stood at X tonnes, going down by -X% against the previous year. In general, chrome ore imports continue to indicate a strong growth. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. Pakistan imports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore imports totaled $X in 2017. In general, chrome ore imports continue to indicate a remarkable growth. Over the period under review, the chrome ore imports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Chrome Ore Imports by Country into Pakistan

China was the major importing country with an import of around X tonnes, which recorded X% of total imports. Mozambique (X tonnes) ranks second in terms of the global imports with a X% share, followed by Russia (X%). Sweden (X tonnes) held the slight 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. 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 ($X) constitutes the largest market for imported chromium ores and concentrates into Pakistan, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($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 Pakistan

The chrome ore import price in Pakistan stood at $X per tonne in 2017, surging by X% against the previous year. In general, chrome ore import price continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2016, an increase of X% against the previous year. Over the period under review, the import prices for chromium ores and concentrates reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

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