Russian Federation: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Russian Federation

The revenue of the chrome ore market in Russia amounted to $X in 2017, rising by X% against the previous year. Overall, chrome ore consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Russia chrome ore consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Russian Federation

In 2017, chrome ore production in Russia stood at X tonnes, waning by -X% against the previous year. In general, chrome ore production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-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 failed to regain its momentum.

Chrome Ore Exports from Russian Federation

Chrome ore exports from Russia totaled X tonnes in 2017, growing by X% against the previous year. In general, chrome ore exports continue to indicate a drastic decline. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. In that year, the chrome ore exports attained their peak volume of X tonnes. From 2009 to 2017, growth of the chrome ore exports failed to regain its momentum.

In value terms, chrome ore exports stood at $X in 2017. In general, chrome ore exports continue to indicate a mild downturn. Russia exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports by Country from Russian Federation

South Africa dominates chrome ore exports structure, resulting at X tonnes, which was approx. X% of total exports in 2017. Turkey (X tonnes) held the second position in the ranking, followed by Kazakhstan (X tonnes). All these countries together took near X% share of total exports. The following exporters - Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) together made up X% 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 ($X) remains the largest chrome ore supplier from Russia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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 Russian Federation

In 2017, the chrome ore export price in Russia amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price indicated a prominent 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 appeared the most rapid in 2016, when the export prices increased by X% year-to-year. Over the period under review, the export prices for chromium ores and concentrates attained its maximum level in 2017, and is likely to see steady growth in the near future.

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 Russian Federation

In 2017, imports of chromium ores and concentrates into Russia amounted to X tonnes, jumping by X% against the previous year. Overall, chrome ore imports continue to indicate a mild contraction. The growth pace was the most rapid in 2010, with an increase of X% year-to-year. Over the period under review, the chrome ore imports attained its maximum volume of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports amounted to $X in 2017. Overall, chrome ore imports continue to indicate a temperate decrease. Over the period under review, the chrome ore imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Chrome Ore Imports by Country into Russian Federation

In 2017, China (X tonnes) was the largest importer for chromium ores and concentrates, committing X% of total imports. It was distantly followed by Mozambique (X tonnes) and Russia (X tonnes), together achieving X% share of total imports. Sweden (X tonnes) occupied the mild 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. While the share of Mozambique (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

The chrome ore import price in Russia stood at $X per tonne in 2017, coming up by X% against the previous year. In general, chrome ore import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. Russia import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it 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