South-Eastern Asia: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in South-Eastern Asia

The Southeast Asian chromium ore and concentrate market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded strong growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Chromium Ores and Concentrates in South-Eastern Asia

In value terms, chromium ore and concentrate production rose remarkably to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Chromium Ores and Concentrates

Exports in South-Eastern Asia

In 2022, the amount of chromium ores and concentrates exported in South-Eastern Asia soared to X tons, picking up by X% against the previous year's figure. Over the period under review, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports soared to $X in 2022. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the Philippines (X tons) represented the major exporter of chromium ores and concentrates in South-Eastern Asia, mixing up X% of total export.

The Philippines was also the fastest-growing in terms of the chromium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the Philippines increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) also remains the largest chromium ore and concentrate supplier in South-Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Export price indicated a prominent increase 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 decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to X% per year.

Imports of Chromium Ores and Concentrates

Imports in South-Eastern Asia

In 2022, the amount of chromium ores and concentrates imported in South-Eastern Asia declined to X tons, which is down by X% against 2021. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, chromium ore and concentrate imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

The purchases of the one major importers of chromium ores and concentrates, namely Indonesia, represented more than two-thirds of total import.

Indonesia was also the fastest-growing in terms of the chromium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. While the share of Indonesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported chromium ores and concentrates in South-Eastern Asia.

In Indonesia, chromium ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a deep setback. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to X% per year.

Source: IndexBox Platform

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