Portugal - Chromium Ores And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Portugal: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Portugal

The revenue of the chrome ore market in Portugal amounted to $X in 2017, going down by -X% against the previous year. In general, chrome ore consumption continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. Over the period under review, the chrome ore market attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Portugal

In 2017, the amount of chromium ores and concentrates produced in Portugal amounted to X kg, falling by -X% against the previous year. Overall, chrome ore production continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2014, when it surged by -X% year-to-year. Over the period under review, the chrome ore production reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports from Portugal

Chrome ore exports from Portugal amounted to X tonnes in 2017, shrinking by -X% against the previous year. In general, chrome ore exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2008, with an increase of -X% year-to-year. Portugal exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore exports stood at $X in 2017. In general, chrome ore exports continue to indicate a precipitous setback. Portugal exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports by Country from Portugal

South Africa dominates 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%). 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. 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 ($X) remains the largest chrome ore supplier from Portugal, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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 amounted to +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 Portugal

In 2017, the chrome ore export price in Portugal amounted to $X per tonne, reducing by -X% against the previous year. Overall, chrome ore export price continues to indicate a pronounced drop. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. 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.

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 Portugal

Chrome ore imports into Portugal stood at X tonnes in 2017, reducing by -X% against the previous year. Overall, chrome ore imports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the chrome ore imports attained its peak figure volume of X tonnes in 2007; however, from 2008 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 noticeable curtailment. In that year, the chrome ore imports attained their peak level of $X. From 2012 to 2017, growth of the chrome ore imports stood at a somewhat lower level.

Chrome Ore Imports by Country into Portugal

In 2017, China (X tonnes) represented the major importer for chromium ores and concentrates, comprising X% of total imports. Mozambique (X tonnes) held the second position in the ranking, followed by Russia (X tonnes). All these countries together occupied near X% share of total imports. Sweden (X tonnes) followed a long way behind the leaders.

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

The chrome ore import price in Portugal stood at $X per tonne in 2017, jumping by X% against the previous year. Overall, the import price indicated a measured expansion 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 increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011, an increase of X% y-o-y. In that year, the import prices for chromium ores and concentrates attained their peak level of $X per tonne. From 2012 to 2017, growth of the import prices for chromium ores and concentrates 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