Turkey: Market for Chromium Ores and Concentrates 2025

Market Size for Chromium Ores and Concentrates in Turkey

In 2022, the Turkish chromium ore and concentrate market increased by 8.9% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a remarkable 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 Turkey

In value terms, chromium ore and concentrate production rose to $X in 2022 estimated in export price. In general, production, however, showed a perceptible slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Chromium Ores and Concentrates

Exports from Turkey

In 2022, approx. X tons of chromium ores and concentrates were exported from Turkey; dropping by -6.8% compared with the previous year's figure. Overall, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromium ore and concentrate exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 104%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for chromium ore and concentrate exports from Turkey, accounting for a 75% share of total exports. Moreover, chromium ore and concentrate exports to China exceeded the volume sent to the second major destination, Sweden (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+7.4% per year) and Belgium (+1.9% per year).

In value terms, China ($X) remains the key foreign market for chromium ores and concentrates exports from Turkey, comprising 74% of total exports. The second position in the ranking was held by Sweden ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.9% per year) and Belgium (+4.2% per year).

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2022, increasing by 37% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +78.9% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden ($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 Sweden (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Ores and Concentrates

Imports into Turkey

In 2022, overseas purchases of chromium ores and concentrates increased by 13% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, chromium ore and concentrate imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 107%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of chromium ore and concentrate to Turkey, accounting for a approx. 100% share of total imports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled -1.2%.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, rising by 36% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -2.0% per year.

Source: IndexBox Platform

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