United Kingdom: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in the UK

In 2022, the UK chromium ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a perceptible setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from the UK

In 2022, after two years of decline, there was significant growth in overseas shipments of chromium ores and concentrates, when their volume increased by X% to X tons. Overall, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports surged to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for chromium ore and concentrate exports from the UK, accounting for a X% share of total exports. Moreover, chromium ore and concentrate exports to South Korea exceeded the volume sent to the second major destination, Germany (X tons), threefold. Ireland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Ireland (X% per year).

In value terms, South Korea ($X) emerged as the key foreign market for chromium ores and concentrates exports from the UK, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Chromium Ores and Concentrates

Imports into the UK

In 2022, purchases abroad of chromium ores and concentrates was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a pronounced decrease. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports soared to $X in 2022. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest chromium ore and concentrate supplier to the UK, accounting for a X% share of total imports. Moreover, chromium ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of chromium ores and concentrates to the UK, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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