Europe: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Europe

The Europe chromium ore and concentrate market declined slightly to $X in 2022, shrinking by -4.1% against the previous year. In general, consumption, however, showed a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Chromium Ores and Concentrates in Europe

In value terms, chromium ore and concentrate production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports in Europe

In 2022, chromium ore and concentrate exports in Europe contracted remarkably to X tons, with a decrease of -27.4% on the previous year's figure. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 53%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports contracted to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Albania (X tons) was the largest exporter of chromium ores and concentrates, achieving 59% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 28% share, followed by Germany (9.7%).

From 2012 to 2022, average annual rates of growth with regard to chromium ore and concentrate exports from Albania stood at -4.7%. The Netherlands (-2.8%) and Germany (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +4.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Albania ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, with a combined 93% share of total exports.

Albania, with a CAGR of +0.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by 23% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+5.2%), while the other leaders experienced a decline in the export price figures.

Imports of Chromium Ores and Concentrates

Imports in Europe

In 2022, approx. X tons of chromium ores and concentrates were imported in Europe; with a decrease of -23.2% against 2021. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 18% 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 stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports shrank sharply to $X in 2022. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. 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 was the key importing country with an import of around X tons, which reached 59% of total imports. It was distantly followed by Germany (X tons), achieving a 21% share of total imports. The following importers - Italy (X tons), Spain (X tons), Austria (X tons), Poland (X tons) and France (X tons) - together made up 14% of total imports.

Imports into Russia decreased at an average annual rate of -10.3% from 2012 to 2022. At the same time, Spain (+9.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of +9.0% from 2012-2022. By contrast, Italy (-1.3%), France (-2.0%), Germany (-3.4%), Poland (-6.8%) and Austria (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Spain and Italy increased by +9.6, +3.2 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chromium ores and concentrates in Europe, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to -11.3%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and Spain (+6.2% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by 10% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 31%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform