Report Update Nov 1, 2024

Argentina - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Argentina

In 2022, after seven years of decline, there was significant growth in the Argentinian chromium ore and concentrate market, when its value increased by 9.7% to $X. Over the period under review, consumption, however, saw a sharp decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Chromium Ores and Concentrates

Exports from Argentina

In 2022, shipments abroad of chromium ores and concentrates decreased by -7.5% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 667%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, chromium ore and concentrate exports reduced to $X in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 898% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Uruguay (X tons) was the main destination for chromium ore and concentrate exports from Argentina, with a 67% share of total exports. Moreover, chromium ore and concentrate exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay stood at +26.6%.

In value terms, Bolivia ($X) and Uruguay ($X) appeared to be the largest markets for chromium ore and concentrate exported from Argentina worldwide.

In terms of the main countries of destination, Bolivia, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.6%), while the prices for the other major destinations experienced a decline.

Imports of Chromium Ores and Concentrates

Imports into Argentina

In 2022, purchases abroad of chromium ores and concentrates was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a precipitous contraction. The growth pace was the most rapid in 2014 when imports increased by 12% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chromium ore and concentrate imports expanded markedly to $X in 2022. Over the period under review, imports, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main chromium ore and concentrate supplier to Argentina, accounting for a 95% share of total imports. Moreover, chromium ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled -27.7%.

In value terms, South Africa ($X) constituted the largest supplier of chromium ores and concentrates to Argentina, comprising 94% of total imports. The second position in the ranking was taken by Brazil ($X), with a 5.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to -22.3%.

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 140%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromium ores and concentrates in the world?

The country with the largest volume of chromium ore and concentrate consumption was China, accounting for 37% of total volume. Moreover, chromium ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Kazakhstan, threefold. The third position in this ranking was occupied by Turkey, with an 11% share.

What are the largest producers of chromium ores and concentrates in the world?

South Africa constituted the country with the largest volume of chromium ore and concentrate production, comprising approx. 44% of total volume. Moreover, chromium ore and concentrate production in South Africa exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. The third position in this ranking was occupied by Turkey, with a 17% share.

What are the leading suppliers of chromium ores and concentrates to Argentina?

In value terms, South Africa constituted the largest supplier of chromium ore and concentrate to Argentina, comprising 97% of total imports. The second position in the ranking was occupied by the Netherlands, with a 2.4% share of total imports.

What are the leading importers of chromium ores and concentrates from Argentina?

In value terms, the largest markets for chromium ore and concentrate exported from Argentina were Bolivia and Uruguay.

What is the average export price for chromium ores and concentrates in Argentina?

In 2021, the average chromium ore and concentrate export price amounted to $477 per ton, leveling off at the previous year.

What is the average import price for chromium ores and concentrates in Argentina?

In 2021, the average chromium ore and concentrate import price amounted to $381 per ton, which is down by -5.3% against the previous year.

This report provides an in-depth analysis of the market for chromium ore and concentrate in Argentina. 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:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023