Australia - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chromium Ore and Concentrate in Australia - 2023
Contents:
- Price for Chromium Ore and Concentrate in Australia (CIF) - 2023
- Price for Chromium Ore and Concentrate in Australia (FOB) - 2022
- Imports of Chromium Ore and Concentrate in Australia
- Exports of Chromium Ore and Concentrate in Australia
Price for Chromium Ore and Concentrate in Australia (CIF) - 2023
The average chromium ore and concentrate import price stood at $497 per ton in September 2023, which is down by -6.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 19% against the previous month. Over the period under review, average import prices hit record highs at $568 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($540 per ton), while the price for South Africa stood at $493 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Ore and Concentrate in Australia (FOB) - 2022
In 2022, the average chromium ore and concentrate export price amounted to $278 per ton, increasing by 5.1% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The pace of growth appeared the most rapid in 2019 an increase of 58%. As a result, the export price attained the peak level of $660 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.1% per year.
Imports of Chromium Ore and Concentrate in Australia
In 2022, supplies from abroad of chromium ores and concentrates was finally on the rise to reach 7.1K tons after two years of decline. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium ore and concentrate imports skyrocketed to $3.2M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Ore and Concentrate in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.9 | 1.7 | 1.6 | 2.9 | 15.1% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Madagascar | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
| Total | 2.7 | 2.1 | 1.8 | 3.2 | 5.8% |
Top Suppliers of Chromium Ore and Concentrate to Australia in 2022:
- South Africa (6.7K tons)
- France (0.2K tons)
Exports of Chromium Ore and Concentrate in Australia
In 2022, exports of chromium ores and concentrates from Australia contracted dramatically to 46 tons, which is down by -43.6% compared with 2021. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 683% against the previous year. As a result, the exports attained the peak of 81 tons, and then reduced markedly in the following year.
In value terms, chromium ore and concentrate exports shrank markedly to $13K in 2022. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 441%. As a result, the exports attained the peak of $22K, and then contracted significantly in the following year.
| Export of Chromium Ore and Concentrate in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.7 | 4.0 | 21.6 | 12.8 | -8.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | 4.0 | 21.6 | 12.8 | -8.5% |
Top Export Markets for Chromium Ore and Concentrate from Australia in 2022:
- China (45.9 tons)
This report provides an in-depth analysis of the market for chromium ore and concentrate in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2022, chromium prices are forecast to surge onrising energy costs, while global metal production has not fully recovered from the Covid-crisis.
871
In 2020, global exports of chromium ores and concentrates reduced sharply by -10.2% y-o-y to 16M tons. China, the major importer of chromium ores and concentrates, comprises over 70% of the total global imports. In Q1 2021, shipments to the country stood at a level slightly lower than in the same period of 2020. South Africa remains the largest exporter worldwide, accounting for 79% of the total global exports.
624
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In value terms, beryllium, chromium, germanium, vanadium exports stood at $X in 2016. In general, beryllium, chromium, germanium, vanadium exports continue to indicate a perceptible deduction. Over...
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In value terms, chromium oxides and hydroxides exports stood at $X in 2016. Overall, it indicated a notable growth from 2007 to 2016: the total exports value decreased at an average annual rate of ...
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In 2016, the amount of chrome ore imported worldwide amounted to X tons, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
2265
In 2016, the amount of chrome ore imported worldwide amounted to X tons, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
1978
The global trade in chromium amounted to X million USD in 2015, fluctuating strongly over the period under review. After a X% drop in 2009, exports more than doubled in 2010. The growth trend reversed in 2012, and after a small increase in 2014, exp
1817
Despite a X% drop in exports in 2014 compared to the previous year, South Africa continued its dominance in the global chromium ores and concentrates trade. In 2014, South Africa exported X million tons of chromium ores and concentrates totaling X
1227
In 2016, approx. X tons of office supply were imported worldwide- picking up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
