Greece: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Greece

The Greek chromium ore and concentrate market declined to $X in 2022, shrinking by -10.7% against the previous year. In general, consumption continues to indicate a perceptible setback. Chromium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in Greece

In value terms, chromium ore and concentrate production fell sharply to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3,700% against the previous year. Chromium ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Greece

Chromium ore and concentrate exports from Greece soared to X tons in 2019, picking up by 234% on the previous year's figure. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromium ore and concentrate exports skyrocketed to $X in 2019. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for chromium ore and concentrate exports from Greece, with a 94% share of total exports. Moreover, chromium ore and concentrate exports to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2018 to 2019, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for chromium ores and concentrates exports from Greece, comprising 94% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.2% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2019, the average chromium ore and concentrate export price amounted to $X per ton, with a decrease of -5.3% against the previous year. Overall, the export price showed a abrupt slump. The export price peaked at $X per ton in 2018, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2019, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2018 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports into Greece

Chromium ore and concentrate imports into Greece dropped to X tons in 2022, reducing by -8.5% compared with 2021. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 120% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports declined significantly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 84%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of chromium ore and concentrate to Greece, accounting for a 61% share of total imports. Moreover, chromium ore and concentrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.5% per year) and France (-4.0% per year).

In value terms, the Netherlands ($X), France ($X) and Italy ($X) constituted the largest chromium ore and concentrate suppliers to Greece, with a combined 99.9% share of total imports.

Among the main suppliers, Italy, with a CAGR of +29.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, shrinking by -14.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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