Report Update Nov 1, 2024

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

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Myanmar: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Myanmar

After two years of decline, the Myanmar's chromium ore and concentrate market decreased by 0% to less than $X in 2022. Overall, consumption continues to indicate a significant increase. Chromium ore and concentrate consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Chromium Ores and Concentrates in Myanmar

In value terms, chromium ore and concentrate production stood at less than $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 866%. Chromium ore and concentrate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Chromium Ores and Concentrates

Exports from Myanmar

In 2019, approx. X tons of chromium ores and concentrates were exported from Myanmar; shrinking by -13.4% against 2018. Over the period under review, exports, however, posted resilient growth. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2019, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports skyrocketed to $X in 2019. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 106%. Over the period under review, the exports reached the peak figure in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

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

From 2013 to 2019, the average annual rate of growth in terms of volume to China amounted to +6.9%.

In value terms, China ($X) also remains the key foreign market for chromium ores and concentrates exports from Myanmar.

From 2013 to 2019, the average annual rate of growth in terms of value to China stood at +36.0%.

Export Prices by Country

In 2019, the average chromium ore and concentrate export price amounted to $X per ton, picking up by 86% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 861%. Over the period under review, the average export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

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

From 2013 to 2019, the rate of growth in terms of prices for China amounted to +27.3% per year.

Imports of Chromium Ores and Concentrates

Imports into Myanmar

In 2018, imports of chromium ores and concentrates into Myanmar stood at X kg, almost unchanged from 2017. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of 99.9% was in 2017. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports amounted to $X in 2018. In general, imports saw a dramatic decline. The smallest decline of 99.9% was in 2017. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

China (X kg) and the United States (X kg) were the main suppliers of chromium ore and concentrate imports to Myanmar. Moreover, chromium ore and concentrate imports in China exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2016 to 2018, the biggest increases were recorded for the United States (with a CAGR of 0.0%).

In value terms, China ($X) constituted the largest supplier of chromium ores and concentrates to Myanmar, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total imports.

From 2016 to 2018, the average annual rate of growth in terms of value from China totaled -87.2%.

Import Prices by Country

In 2018, the average chromium ore and concentrate import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when the average import price decreased by 99.9% against the previous year. The import price peaked in 2018 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States totaled $X per ton.

From 2016 to 2018, the most notable rate of growth in terms of prices was attained by China (+249.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of chromium ore and concentrate consumption was China, 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. Turkey ranked third in terms of total consumption with an 11% share.

What are the largest producers of chromium ores and concentrates in the world?

The country with the largest volume of chromium ore and concentrate production was South Africa, accounting for 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 Myanmar?

In value terms, China constituted the largest supplier of chromium ore and concentrate to Myanmar.

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

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

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

The average chromium ore and concentrate export price stood at $159 per ton in 2021, therefore, remained relatively stable against the previous year.

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

In 2021, the average chromium ore and concentrate import price amounted to $424 per ton, dropping by -5.7% against the previous year.

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

Myanmar

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

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

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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