Southern Asia: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Southern Asia

The revenue of the chrome ore market in Southern Asia amounted to $X in 2017, surging by X% against the previous year. The chrome ore consumption continues to indicate a mild drop. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. In that year, the chrome ore market reached their peak level of $X. From 2011 to 2017, growth of the chrome ore market stood at a somewhat lower level.

Chrome Ore Production in Southern Asia

In 2017, chrome ore production in Southern Asia stood at X tonnes, lowering by -X% against the previous year. The chrome ore production continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the chrome ore production reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports

Exports in Southern Asia

In 2017, approx. X tonnes of chromium ores and concentrates were exported in Southern Asia; going down by -X% against the previous year. The chrome ore exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The volume of 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 totaled $X in 2017. The chrome ore exports continue to indicate an abrupt downturn. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Exports by Country

Pakistan represented the key exporter of chromium ores and concentrates in Southern Asia, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2017. It was distantly followed by India (X tonnes), committing X% share of total exports.

Pakistan was also the fastest growing in terms of the chromium ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. India (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of India increased by X% percentage points, while Pakistan (-X%) saw their share reduced.

In value terms, Pakistan ($X) remains the largest chrome ore supplier in Southern Asia, making up X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Pakistan totaled +X%.

Export Prices by Country

In 2017, the chrome ore export price in Southern Asia amounted to $X per tonne, rising by X% against the previous year. The chrome ore export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. In that year, the export prices for chromium ores and concentrates attained their peak level of $X per tonne. From 2011 to 2017, growth of the export prices for chromium ores and concentrates failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, the country with the highest export price was India ($X per tonne), while Pakistan ($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 India (+X% per year).

Chrome Ore Imports

Imports in Southern Asia

In 2017, chrome ore imports in Southern Asia totaled X tonnes, jumping by X% against the previous year. The chrome ore imports continue to indicate a strong growth. The pace of growth was the most pronounced in 2012, 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 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore imports totaled $X in 2017. The chrome ore imports continue to indicate a remarkable growth. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Imports by Country

The countries with the highest levels of chrome ore imports in 2017 were India (X tonnes), together recording X% of total import.

India was also the fastest growing in terms of the chromium ores and concentrates imports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported chromium ores and concentrates in Southern Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in India totaled +X%.

Import Prices by Country

In 2017, the chrome ore import price in Southern Asia amounted to $X per tonne, picking up by X% against the previous year. The chrome ore import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by 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.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (-X% per year).

Source: IndexBox AI Platform