Chromium Trioxide Price in Azerbaijan - 2023
Contents:
Chromium Trioxide Price in Azerbaijan (CIF) - 2022
In 2022, the average chromium trioxide import price amounted to $5,260 per ton, growing by 37% against the previous year. In general, the import price, however, recorded a noticeable descent. The import price peaked at $8,779 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($6,100 per ton), while the price for Russia totaled $5,042 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+601.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Chromium Trioxide Imports in Azerbaijan
In 2022, chromium trioxide imports into Azerbaijan surged to 12 tons, with an increase of 86% compared with the previous year's figure. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 140% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, chromium trioxide imports soared to $64K in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Trioxide in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 12.1 | 28.0 | 18.1 | 50.4 | 60.9% |
| Turkey | 4.3 | 3.8 | 6.6 | 12.8 | 43.9% |
| Others | 0.1 | N/A | 0.3 | 0.7 | 91.3% |
| Total | 16.6 | 31.8 | 25.0 | 63.9 | 56.7% |
Top Suppliers of Chromium Trioxide to Azerbaijan in 2022:
- Russia (10.0 tons)
- Turkey (2.1 tons)
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