Report Update Nov 1, 2024

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

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Cuba: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Cuba

For the fourth year in a row, the Cuban chromium ore and concentrate market recorded decline in sales value, which decreased by -79.6% to $X in 2021. Overall, consumption continues to indicate a sharp decrease. Chromium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in Cuba

In value terms, chromium ore and concentrate production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 8.3%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports from Cuba

For the fourth consecutive year, Cuba recorded growth in overseas shipments of chromium ores and concentrates, which increased by 22% to X tons in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, chromium ore and concentrate exports soared to $X in 2021. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for chromium ore and concentrate exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +8.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for chromium ore and concentrate exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +7.4%.

Export Prices by Country

In 2021, the average chromium ore and concentrate export price amounted to $X per ton, growing by 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to -0.5% per year.

Imports of Chromium Ores and Concentrates

Imports into Cuba

In 2021, after two years of growth, there was significant decline in overseas purchases of chromium ores and concentrates, when their volume decreased by -72.5% to X tons. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 539% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports reduced dramatically to $X in 2021. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 188%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) and Spain (X tons) were the main suppliers of chromium ore and concentrate imports to Cuba.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of -11.9%).

In value terms, Spain ($X) constituted the largest supplier of chromium ore and concentrate to Cuba, comprising 69% of total imports. The second position in the ranking was held by South Africa ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -7.6%.

Import Prices by Country

In 2021, the average chromium ore and concentrate import price amounted to $X per ton, with an increase of 83% against the previous year. In general, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 when the average import price increased by 1,195% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+148.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of chromium ore and concentrate consumption, 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?

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. Turkey ranked third in terms of total production with a 17% share.

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

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

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

In value terms, the Netherlands remains the key foreign market for chromium ore and concentrate exports from Cuba.

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

In 2021, the average chromium ore and concentrate export price amounted to $144 per ton, falling by -15.9% against the previous year.

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

In 2021, the average chromium ore and concentrate import price amounted to $1,456 per ton, with an increase of 449% against the previous year.

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

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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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