Scandinavia: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Scandinavia

In 2022, the Scandinavia chromium ore and concentrate market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, enjoyed a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Chromium Ores and Concentrates in Scandinavia

In value terms, chromium ore and concentrate production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Chromium Ores and Concentrates

Exports in Scandinavia

In 2022, approx. X tons of chromium ores and concentrates were exported in Scandinavia; reducing by X% on 2021 figures. In general, exports saw a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports surged to $X in 2022. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Finland represented the main exporter of chromium ores and concentrates in Scandinavia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Sweden (X tons), comprising an X% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chromium ore and concentrate exports from Finland stood at X%. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. From 2012 to 2022, the share of Sweden and Norway increased by X and X percentage points, respectively.

In value terms, Finland ($X) remains the largest chromium ore and concentrate supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland totaled X%. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Imports of Chromium Ores and Concentrates

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas purchases of chromium ores and concentrates, when their volume decreased by X% to X tons. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromium ore and concentrate imports fell notably to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Norway (X tons), mixing up a X% share of total imports.

Imports into Finland decreased at an average annual rate of X% from 2012 to 2022. Norway (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Finland ($X) constitutes the largest market for imported chromium ores and concentrates in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports.

In Finland, chromium ore and concentrate imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%).

Source: IndexBox Platform

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