Spain: Chrome Ore Market Overview 2020

Chrome Ore Market Size in Spain

The revenue of the chrome ore market in Spain amounted to $X in 2017, surging by X% against the previous year. In general, chrome ore consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Spain chrome ore consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Chrome Ore Production in Spain

Chrome ore production in Spain amounted to X kg in 2017, standing approx. at the previous year. Overall, chrome ore production continues to indicate a relatively flat trend pattern.

Chrome Ore Exports from Spain

In 2017, approx. X tonnes of chromium ores and concentrates were exported from Spain; declining by -X% against the previous year. In general, chrome ore exports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. Spain exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, chrome ore exports stood at $X in 2017. In general, chrome ore exports continue to indicate a prominent growth. Spain exports peaked in 2017, and are likely to see steady growth in the immediate term.

Chrome Ore Exports by Country from Spain

South Africa prevails in chrome ore exports structure, resulting at X tonnes, which was approx. 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 occupied approx. X% share of total exports. Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) followed a long way behind the leaders.

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. South Africa (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chrome ore supplier from Spain, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In South Africa, chrome ore exports increased 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 Spain

In 2017, the chrome ore export price in Spain amounted to $X per tonne, rising by X% against the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% y-o-y. Spain export price peaked of $X per tonne in 2008; however, from 2009 to 2017, it failed to regain its momentum.

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 Spain

In 2017, approx. X tonnes of chromium ores and concentrates were imported into Spain; waning by -X% against the previous year. In general, chrome ore imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Spain imports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, chrome ore imports totaled $X in 2017. In general, chrome ore imports continue to indicate a prominent expansion. Over the period under review, the chrome ore imports reached its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Chrome Ore Imports by Country into Spain

In 2017, China (X tonnes) was the largest importer for chromium ores and concentrates, achieving 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) took the weak 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 ($X) constitutes the largest market for imported chromium ores and concentrates into Spain, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($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. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Russia (-X% per year).

Chrome Ore Import Prices by Country in Spain

The chrome ore import price in Spain stood at $X per tonne in 2017, coming up by X% against the previous year. Overall, the import price indicated a strong 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. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% year-to-year. Over the period under review, the import prices for chromium ores and concentrates attained its maximum level of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

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