Saudi Arabia: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Saudi Arabia

The revenue of the chrome ore market in Saudi Arabia amounted to $X in 2017, falling by -X% against the previous year. Overall, chrome ore consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2012, when market value increased by X% y-o-y. Saudi Arabia chrome ore consumption peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Chrome Ore Production in Saudi Arabia

In 2017, chrome ore production in Saudi Arabia amounted to X tonnes, lowering by -X% against the previous year. In general, chrome ore production continues to indicate an outstanding growth. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. In that year, the chrome ore production attained their peak volume of X tonnes. From 2016 to 2017, growth of the chrome ore production stood at a somewhat lower level.

Chrome Ore Exports from Saudi Arabia

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Saudi Arabia; shrinking by -X% against the previous year. Overall, chrome ore exports continue to indicate a drastic slump. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Saudi Arabia exports peaked of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, chrome ore exports totaled $X in 2017. In general, chrome ore exports continue to indicate a noticeable slump. Over the period under review, the chrome ore exports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Chrome Ore Exports by Country from Saudi Arabia

South Africa dominates chrome ore exports structure, amounting to X tonnes, which was near X% of total exports in 2017. Turkey (X tonnes) occupied the second position in the ranking, followed by Kazakhstan (X tonnes). All these countries together took approx. X% share of total exports. Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) held the slight 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. 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 ($X) remains the largest chrome ore supplier from Saudi Arabia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($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 stood at +X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Kazakhstan (-X% per year).

Chrome Ore Export Prices by Country in Saudi Arabia

In 2017, the chrome ore export price in Saudi Arabia amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. In that year, the export prices for chromium ores and concentrates reached their peak level, and is likely to continue its growth in the immediate term.

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 Saudi Arabia

In 2017, imports of chromium ores and concentrates into Saudi Arabia stood at X tonnes, falling by -X% against the previous year. Overall, chrome ore imports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the chrome ore imports attained its maximum volume of X tonnes in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports amounted to $X in 2017. In general, chrome ore imports continue to indicate a remarkable growth. 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 Saudi Arabia

In 2017, China (X tonnes) was the main importer for chromium ores and concentrates, making up 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) followed a long way behind the leaders.

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. Mozambique (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual rate of growth in terms 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 Saudi Arabia

In 2017, the chrome ore import price in Saudi Arabia amounted to $X per tonne, increasing by X% against the previous year. Overall, chrome ore import price continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2011, when it surged by X% y-o-y. Over the period under review, the import prices for chromium ores and concentrates reached its peak figure level in 2017, and is likely to continue its growth in the near future.

There were significant differences in the average import prices amongst the major importing countries. In 2017, 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