MERCOSUR: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in MERCOSUR

After two years of growth, the MERCOSUR chromium ore and concentrate market decreased by X% to $X in 2023. In general, consumption continues to indicate a mild curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in MERCOSUR

In value terms, chromium ore and concentrate production fell significantly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports in MERCOSUR

In 2023, overseas shipments of chromium ores and concentrates were finally on the rise to reach X tons after two years of decline. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate exports surged to $X in 2023. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Chile (X tons) took a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of chromium ores and concentrates. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest chromium ore and concentrate supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Chromium Ores and Concentrates

Imports in MERCOSUR

In 2023, the amount of chromium ores and concentrates imported in MERCOSUR declined modestly to X tons, with a decrease of X% on the previous year's figure. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports rose slightly to $X in 2023. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Brazil was the major importing country with an import of around X tons, which recorded X% of total imports. Chile (X tons) took the second position in the ranking, distantly followed by Peru (X tons) and Argentina (X tons). All these countries together took near X% share of total imports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Argentina ($X per ton) and Colombia ($X per ton), while Peru ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform