United Arab Emirates: Chrome Ore Market Overview 2020

Chrome Ore Market Size in the United Arab Emirates

The revenue of the chrome ore market in the United Arab Emirates amounted to $X in 2017, going up by X% against the previous year. In general, chrome ore consumption continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2008, when market value increased by X% year-to-year. Over the period under review, the chrome ore market reached its maximum level in 2017, and is likely to continue its growth in the near future.

Chrome Ore Production in the United Arab Emirates

In 2017, the amount of chromium ores and concentrates produced in the United Arab Emirates stood at X tonnes, increasing by X% against the previous year. Overall, the total output indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore production increased by +X% against 2007 indices. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. The United Arab Emirates chrome ore production peaked in 2017, and is likely to continue its growth in the immediate term.

Chrome Ore Exports in the United Arab Emirates

In 2017, the amount of chromium ores and concentrates exported from the United Arab Emirates amounted to X tonnes, going down by -X% against the previous year. Overall, the total exports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore exports decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. The United Arab Emirates exports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, chrome ore exports amounted to $X in 2017. In general, the total exports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chrome ore exports increased by +X% against 2013 indices. Over the period under review, the chrome ore exports attained its peak figure level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Chrome Ore Exports by Country in the United Arab Emirates

South Africa dominates chrome ore exports structure, amounting to X tonnes, which was near X% of total exports in 2017. Turkey (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Kazakhstan (X%). Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) occupied the minor share of total exports.

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. From 2007 to 2017, the share of South Africa decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in South Africa totaled +X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Kazakhstan (-X% per year).

Chrome Ore Export Prices by Country in the United Arab Emirates

The chrome ore export price in the United Arab Emirates stood at $X per tonne in 2017, picking up by X% against the previous year. In general, chrome ore export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, an increase of X% against the previous year. The United Arab Emirates export price peaked of $X per tonne in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

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 in the United Arab Emirates

In 2017, the amount of chromium ores and concentrates imported into the United Arab Emirates stood at X tonnes, growing by X% against the previous year. In general, chrome ore imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2017, when imports increased by X% against the previous year. In that year, the chrome ore imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, chrome ore imports stood at $X in 2017. Overall, chrome ore imports continue to indicate a prominent increase. In that year, the chrome ore imports attained their peak level, and are likely to continue its growth in the immediate term.

Chrome Ore Imports by Country in the United Arab Emirates

China was the key importing country with an import of about X tonnes, which recorded X% of total imports. Mozambique (X tonnes) occupied the second position in the ranking, followed by Russia (X tonnes). All these countries together held approx. X% share of total imports. Sweden (X tonnes) held the slight share of total imports.

From 2007 to 2017, average annual rates of growth with regard to chrome ore imports into China stood at +X%. 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. From 2007 to 2017, the share of Mozambique and China decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chromium ores and concentrates into the United Arab Emirates, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Mozambique (+X% per year) and Russia (-X% per year).

Chrome Ore Import Prices by Country in the United Arab Emirates

The chrome ore import price in the United Arab Emirates stood at $X per tonne in 2017, picking up by X% against the previous year. In general, the import price indicated a prominent 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. Based on 2017 figures, the chrome ore import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. In that year, the import prices for chromium ores and concentrates attained their peak level of $X per tonne. From 2016 to 2017, growth of the import prices for chromium ores and concentrates 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