EU: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in the EU

The EU chromium ore and concentrate market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a perceptible slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in the EU

In value terms, chromium ore and concentrate production dropped significantly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Chromium Ores and Concentrates

Exports in the EU

In 2022, overseas shipments of chromium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the key exporting country with an export of about X tons, which finished at X% of total exports. Belgium (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). The following exporters - Italy (X tons) and France (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to chromium ore and concentrate exports from the Netherlands stood at X%. At the same time, Italy (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. Belgium (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy and France lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the export price figures.

Imports of Chromium Ores and Concentrates

Imports in the EU

After two years of growth, overseas purchases of chromium ores and concentrates decreased by X% to X tons in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports expanded to $X in 2022. Overall, imports showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany was the main importer of chromium ores and concentrates in the European Union, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Belgium (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%) and Italy (X%). Austria (X tons), Poland (X tons), France (X tons), the Netherlands (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chromium ore and concentrate imports into Germany stood at X%. At the same time, Spain (X%), Slovakia (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), France (X%), Poland (X%), Austria (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Belgium (X p.p.), Spain (X p.p.) and Italy (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Austria (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported chromium ores and concentrates in the European Union, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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