Report Update Nov 1, 2024

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

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Portugal: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Portugal

The Portuguese chromium ore and concentrate market amounted to $X in 2022, approximately equating 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). Overall, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Chromium Ores and Concentrates

Exports from Portugal

For the third year in a row, Portugal recorded growth in overseas shipments of chromium ores and concentrates, which increased by 9% to X tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 2,151% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, chromium ore and concentrate exports soared to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 3,915% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Angola (X tons) and Spain (X tons) were the main destinations of chromium ore and concentrate exports from Portugal.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +50.0%).

In value terms, Angola ($X) remains the key foreign market for chromium ores and concentrates exports from Portugal, comprising 68% of total exports. The second position in the ranking was taken by Spain ($X), with a 32% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Angola amounted to +100.4%.

Export Prices by Country

In 2022, the average chromium ore and concentrate export price amounted to $X per ton, surging by 27% against the previous year. In general, the export price showed a tangible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+33.5%).

Imports of Chromium Ores and Concentrates

Imports into Portugal

After two years of growth, supplies from abroad of chromium ores and concentrates decreased by -8.5% to X tons in 2022. In general, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromium ore and concentrate imports reached $X in 2022. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of chromium ore and concentrate to Portugal, with a 54% share of total imports. Moreover, chromium ore and concentrate imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+50.7% per year) and South Africa (-6.0% per year).

In value terms, Spain ($X) constituted the largest supplier of chromium ores and concentrates to Portugal, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 24% share of total imports. It was followed by South Africa, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+43.7% per year) and South Africa (-8.0% per year).

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, rising by 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and France ($X per ton), while the price for South Africa ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest chromium ore and concentrate consuming country worldwide, 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. The third position in this ranking was occupied by Turkey, 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. The third position in this ranking was occupied by Turkey, with a 17% share.

What are the leading suppliers of chromium ores and concentrates to Portugal?

In value terms, Spain constituted the largest supplier of chromium ore and concentrate to Portugal, comprising 53% of total imports. The second position in the ranking was occupied by South Africa, with a 22% share of total imports. It was followed by France, with an 18% share.

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

In value terms, Angola remains the key foreign market for chromium ore and concentrate exports from Portugal, comprising 88% of total exports. The second position in the ranking was occupied by Spain, with a 12% share of total exports.

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

The average chromium ore and concentrate export price stood at $470 per ton in 2021, approximately mirroring the previous year.

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

In 2021, the average chromium ore and concentrate import price amounted to $401 per ton, shrinking by -4.2% against the previous year.

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

Portugal

Data coverage:

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

Reasons to buy this report:

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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
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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