Eastern Europe: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Eastern Europe

The East European chromium ore and concentrate market contracted to $X in 2022, dropping by -6.9% against the previous year. Overall, consumption recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Chromium Ores and Concentrates in Eastern Europe

In value terms, chromium ore and concentrate production fell to $X in 2022 estimated in export price. In general, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 88% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports in Eastern Europe

In 2022, shipments abroad of chromium ores and concentrates decreased by -18.6% to X tons, falling for the third year in a row after three years of growth. In general, exports showed a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 266% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate exports reached $X in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 176%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X tons) represented the major exporter of chromium ores and concentrates, creating 58% of total exports. Poland (X tons) took a 32% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (5.9%).

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +18.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the Czech Republic ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 95% share of total exports.

In terms of the main exporting countries, Slovakia, with a CAGR of +31.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, jumping by 37% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when the export price increased by 78%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+11.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chromium Ores and Concentrates

Imports in Eastern Europe

In 2022, the amount of chromium ores and concentrates imported in Eastern Europe shrank to X tons, which is down by -10.6% on the previous year. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromium ore and concentrate imports plummeted to $X in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 41%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was near 93% of total imports in 2022. Poland (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -10.3% from 2012 to 2022. Poland (-6.8%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chromium ores and concentrates in Eastern Europe, comprising 87% of total imports. The second position in the ranking was held by Poland ($X), with a 6% share of total imports.

In Russia, chromium ore and concentrate imports decreased by an average annual rate of -11.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, declining by -5.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%).

Source: IndexBox Platform

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