Overview of the Global Market for Chromium Ores and Concentrates

Market Size for Chromium Ores and Concentrates

The global chromium ore and concentrate market soared to $X in 2021, increasing by X% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Chromium Ores and Concentrates

In value terms, chromium ore and concentrate production rose notably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports

In 2021, shipments abroad of chromium ores and concentrates decreased by -X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports stood at $X in 2021. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X tons) was the main exporter of chromium ores and concentrates, constituting X% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons) and Pakistan (X tons). All these countries together held near X% share of total exports. Zimbabwe (X tons), Albania (X tons) and Oman (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of chromium ores and concentrates. At the same time, Zimbabwe (+X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, Pakistan (-X%), Oman (-X%), Albania (-X%), Turkey (-X%) and Kazakhstan (-X%) illustrated a downward trend over the same period. South Africa (+X p.p.) and Zimbabwe (+X p.p.) significantly strengthened its position in terms of the global exports, while Turkey and Kazakhstan saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chromium ore and concentrate supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Turkey ($X), with a X% share of global exports. It was followed by Pakistan, with a X% share.

From 2012 to 2021, the average annual growth rate 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 Pakistan (-X% per year).

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+X%), while the other global leaders experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports

Global chromium ore and concentrate imports was estimated at X tons in 2021, picking up by X% compared with the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, chromium ore and concentrate imports soared to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of global imports remained at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Mozambique (X tons), creating a X% share of total imports. Russia (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to chromium ore and concentrate imports into China stood at +X%. At the same time, Mozambique (+X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. By contrast, Russia (-X%) illustrated a downward trend over the same period. Mozambique (+X p.p.) significantly strengthened its position in terms of the global imports, while Russia and China saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Russia (-X% per year).

Import Prices by Country

In 2021, the average chromium ore and concentrate import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a noticeable slump. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-X%), while the other global leaders experienced a decline in the import price figures.

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