Australia: Market for Chromium Ores and Concentrates 2025

Market Size for Chromium Ores and Concentrates in Australia

In 2022, the Australian chromium ore and concentrate market increased by 4.3% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Chromium Ores and Concentrates in Australia

In value terms, chromium ore and concentrate production plummeted to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5,045%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Australia

In 2022, exports of chromium ores and concentrates from Australia shrank significantly to X tons, falling by -43.6% on 2021 figures. In general, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 683%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports declined dramatically to $X in 2022. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 800% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for chromium ore and concentrate exports from Australia, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -60.4%.

In value terms, China ($X) also remains the key foreign market for chromium ores and concentrates exports from Australia.

From 2012 to 2022, the average annual growth rate of value to China totaled -59.2%.

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, growing by 5.1% against the previous year. Overall, the export price showed a perceptible expansion. The growth pace was the most rapid in 2019 an increase of 58%. As a result, the export price reached the peak level of $X 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 Ores and Concentrates

Imports into Australia

In 2022, after three years of decline, there was significant growth in purchases abroad of chromium ores and concentrates, when their volume increased by 52% to X tons. Overall, imports, however, showed a abrupt slump. 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 surged to $X in 2022. In general, imports, however, showed a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of chromium ore and concentrate to Australia, accounting for a 95% share of total imports. It was followed by France (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4,427.2% per year) and Switzerland (-27.4% per year).

In value terms, South Africa ($X) constituted the largest supplier of chromium ores and concentrates to Australia, comprising 90% of total imports. The second position in the ranking was taken by France ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3,081.9% per year) and Switzerland (-21.8% per year).

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, jumping by 16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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