Austria: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Austria

In 2022, the Austrian chromium ore and concentrate market decreased by -5.2% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a drastic downturn. Chromium ore and concentrate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Austria

In 2022, shipments abroad of chromium ores and concentrates was finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2014 with an increase of 899% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate exports skyrocketed to $X in 2022. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 991% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for chromium ore and concentrate exports from Austria, accounting for a 99% share of total exports. It was followed by Hungary (X tons), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-5.2% per year) and Germany (-59.9% per year).

In value terms, Slovakia ($X) remains the key foreign market for chromium ores and concentrates exports from Austria, comprising 97% of total exports. The second position in the ranking was held by Hungary ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovakia totaled +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-4.6% per year) and Germany (-55.2% per year).

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate export price decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 86% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports into Austria

In 2022, overseas purchases of chromium ores and concentrates decreased by -14.8% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 20% against the previous year. Imports peaked 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 declined slightly to $X in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 68%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of chromium ore and concentrate to Austria, accounting for a 54% share of total imports. Moreover, chromium ore and concentrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.4% per year) and Germany (+9.9% per year).

In value terms, the Netherlands ($X), Turkey ($X) and Germany ($X) appeared to be the largest chromium ore and concentrate suppliers to Austria, together accounting for 97% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +30.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, picking up by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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