Report Update Nov 1, 2024

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

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South Africa: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in South Africa

After two years of growth, the South African chromium ore and concentrate market decreased by -21.2% to $X in 2022. Over the period under review, consumption continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Chromium Ores and Concentrates in South Africa

In value terms, chromium ore and concentrate production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from South Africa

In 2022, approx. X tons of chromium ores and concentrates were exported from South Africa; surging by 2.9% compared with 2021 figures. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports surged to $X in 2022. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 55%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons), Mozambique (X tons) and Hong Kong SAR (X tons) were the main destinations of chromium ore and concentrate exports from South Africa, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +74.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mozambique ($X) and Hong Kong SAR ($X) constituted the largest markets for chromium ore and concentrate exported from South Africa worldwide, together accounting for 92% of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +75.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2022, with an increase of 23% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Chromium Ores and Concentrates

Imports into South Africa

In 2022, approx. X tons of chromium ores and concentrates were imported into South Africa; picking up by 213% against the year before. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 2,826% against the previous year. Over the period under review, imports attained the maximum 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 skyrocketed to $X in 2022. In general, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 1,116%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Zimbabwe (X tons) was the main chromium ore and concentrate supplier to South Africa, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Zimbabwe stood at +44.5%.

In value terms, Zimbabwe ($X) constituted the largest supplier of chromium ores and concentrates to South Africa.

From 2012 to 2022, the average annual rate of growth in terms of value from Zimbabwe stood at +41.4%.

Import Prices by Country

The average chromium ore and concentrate import price stood at $X per ton in 2022, with a decrease of -11.8% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 111%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Zimbabwe.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +11.1% per year.

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, accounting for 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?

South Africa remains the largest chromium ore and concentrate producing country worldwide, 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 South Africa?

In value terms, Zimbabwe constituted the largest supplier of chromium ore and concentrate to South Africa.

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

In value terms, China remains the key foreign market for chromium ore and concentrate exports from South Africa, comprising 56% of total exports. The second position in the ranking was occupied by Mozambique, with a 28% share of total exports. It was followed by Indonesia, with a 3.2% share.

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

The average chromium ore and concentrate export price stood at $113 per ton in 2021, waning by -1.9% against the previous year.

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

The average chromium ore and concentrate import price stood at $60 per ton in 2021, dropping by -5.6% against the previous year.

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

South Africa

Data coverage:

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

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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