Global Chrome Ore Market Overview 2020

Chrome Ore Market Size

The global chrome ore market revenue amounted to $X in 2017, surging by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Global chrome ore consumption peaked in 2017, and is expected to retain its growth in the near future.

Chrome Ore Production

In 2017, the amount of chromium ores and concentrates produced worldwide totaled X tonnes, growing by X% against the previous year. In general, the total output indicated a prominent 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 2010 indices. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. Global chrome ore production peaked in 2017, and is expected to retain its growth in the immediate term.

Chrome Ore Exports

Exports 2007-2017

In 2017, the global exports of chromium ores and concentrates totaled X tonnes, coming up by X% against the previous year. Overall, the total exports indicated a remarkable 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 exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. Over the period under review, the global chrome ore exports reached its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, chrome ore exports amounted to $X in 2017. Overall, 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 2015 indices. In that year, the global chrome ore exports attained their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

South Africa dominates chrome ore exports structure, resulting at X tonnes, which was near X% of total exports in 2017. Turkey (X tonnes) ranks second in terms of the global exports with a X% share, followed by Kazakhstan (X%). Pakistan (X tonnes), Australia (X tonnes), Albania (X tonnes) and Iran (X tonnes) occupied the weak 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 ($X) remains the largest chrome ore supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in South Africa stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Kazakhstan (-X% per year).

Export Prices by Country

In 2017, the average chrome ore export price amounted to $X per tonne, jumping 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, an increase of X% year-to-year. Over the period under review, the average export prices for chromium ores and concentrates reached its maximum level of $X per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; 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 global leaders experienced more modest paces of growth.

Chrome Ore Imports

Imports 2007-2017

Global imports amounted to X tonnes in 2017, surging by X% against the previous year. In general, the total imports indicated a prominent 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 imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Global imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, chrome ore imports amounted to $X in 2017. Overall, the total imports indicated a modest expansion 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. Over the period under review, the global chrome ore imports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Imports by Country

China was the key importing country with an import of around X tonnes, which reached X% of total imports. Mozambique (X tonnes) ranks second in terms of the global imports with a X% share, followed by Russia (X%). Sweden (X tonnes) followed a long way behind the leaders.

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. Mozambique (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported chromium ores and concentrates worldwide, making up X% of global imports. The second position in the ranking was occupied by Mozambique ($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).

Import Prices by Country

The average chrome ore import price stood at $X per tonne in 2017, approximately reflecting the previous year. Overall, chrome ore import price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2010, an increase of X% year-to-year. Global import price peaked of $X per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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 global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform