Report Update Nov 1, 2024

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

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Peru: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Peru

The Peruvian chromium ore and concentrate market shrank significantly to $X in 2022, declining by -16.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced slump. Chromium ore and concentrate consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Peru

In 2022, approx. X tons of chromium ores and concentrates were exported from Peru; dropping by -43.5% on the previous year. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 664%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, chromium ore and concentrate exports contracted significantly to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 488%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +31.3%.

In value terms, Bolivia ($X) emerged as the key foreign market for chromium ores and concentrates exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +29.5%.

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, increasing by 3.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -0.7% per year.

Imports of Chromium Ores and Concentrates

Imports into Peru

Chromium ore and concentrate imports into Peru dropped notably to X tons in 2022, shrinking by -16.4% on 2021 figures. Overall, imports recorded a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate imports declined notably to $X in 2022. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main chromium ore and concentrate supplier to Peru, accounting for a 94% share of total imports. Moreover, chromium ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa was relatively modest.

In value terms, South Africa ($X) constituted the largest supplier of chromium ores and concentrates to Peru, comprising 92% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to -4.9%.

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of chromium ore and concentrate consumption, 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, comprising approx. 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 Peru?

In value terms, South Africa constituted the largest supplier of chromium ore and concentrate to Peru, comprising 87% of total imports. The second position in the ranking was occupied by Spain, with a 13% share of total imports.

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

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

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

In 2021, the average chromium ore and concentrate export price amounted to $975 per ton, remaining stable against the previous year.

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

The average chromium ore and concentrate import price stood at $328 per ton in 2021, falling by -5.7% against the previous year.

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

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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