Report Update Nov 1, 2024

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

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Chile: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Chile

The Chilean chromium ore and concentrate market declined remarkably to $X in 2022, falling by -50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted sharply in the following year.

Exports of Chromium Ores and Concentrates

Exports from Chile

In 2022, overseas shipments of chromium ores and concentrates increased by 159% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 247% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, chromium ore and concentrate exports surged to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 255%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Peru (X tons) and Argentina (X tons) were the main destinations of chromium ore and concentrate exports from Chile.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +34.0%).

In value terms, Peru ($X) emerged as the key foreign market for chromium ores and concentrates exports from Chile, comprising 68% of total exports. The second position in the ranking was taken by Argentina ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru stood at +36.5%.

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2022, jumping by 21% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.9%).

Imports of Chromium Ores and Concentrates

Imports into Chile

In 2022, after two years of growth, there was significant decline in overseas purchases of chromium ores and concentrates, when their volume decreased by -53.8% to X tons. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 49%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, chromium ore and concentrate imports dropped significantly to $X in 2022. In general, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 74%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of chromium ore and concentrate to Chile, with a 95% share of total imports. It was followed by Spain (X tons), with a 2.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at +3.2%.

In value terms, South Africa ($X) constituted the largest supplier of chromium ores and concentrates to Chile, comprising 94% of total imports. The second position in the ranking was held by Spain ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +1.5%.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained 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 Spain ($X per ton), while the price for South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest chromium ore and concentrate consuming country worldwide, comprising approx. 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?

The country with the largest volume of chromium ore and concentrate production was South Africa, 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 Chile?

In value terms, Spain constituted the largest supplier of chromium ore and concentrate to Chile.

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

In value terms, Argentina remains the key foreign market for chromium ore and concentrate exports from Chile, comprising 88% of total exports. The second position in the ranking was occupied by Peru, with an 8.8% share of total exports.

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

The average chromium ore and concentrate export price stood at $583 per ton in 2021, approximately reflecting the previous year.

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

The average chromium ore and concentrate import price stood at $375 per ton in 2021, surging by 8% against the previous year.

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

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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
Find deeper insights into current market developments
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