Hong Kong SAR, China: Market for Chromium Ores and Concentrates 2025

Market Size for Chromium Ores and Concentrates in Hong Kong SAR, China

In 2022, the Hong Kong chromium ore and concentrate market decreased by -99.8% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption showed a dramatic setback. Chromium ore and concentrate consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Hong Kong SAR, China

In 2022, shipments abroad of chromium ores and concentrates was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports saw slight growth. The pace of growth was the most pronounced in 2018 with an increase of 96%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports declined slightly to $X in 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 130% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for chromium ore and concentrate exports from Hong Kong SAR, with a 99% share of total exports. It was followed by China (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +34.8%.

In value terms, Indonesia ($X) remains the key foreign market for chromium ores and concentrates exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was taken by China ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +11.3%.

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, waning by -2.7% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium ore and concentrate export price increased by +8.8% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced a decline.

Imports of Chromium Ores and Concentrates

Imports into Hong Kong SAR, China

After three years of growth, purchases abroad of chromium ores and concentrates decreased by -99.8% to X tons in 2022. In general, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2019 with an increase of 226%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports declined dramatically to $X in 2022. Overall, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 267%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chromium ore and concentrate to Hong Kong SAR, with a 80% share of total imports. Moreover, chromium ore and concentrate imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.6%.

In value terms, China ($X) constituted the largest supplier of chromium ores and concentrates to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +50.1%.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, with an increase of 41% against the previous year. Over the period under review, the import price recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 an increase of 76%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while the price for South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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