Chromium Trioxide Price in Bangladesh - 2022
Contents:
Chromium Trioxide Price in Bangladesh (CIF) - 2022
In 2022, the average chromium trioxide import price amounted to $3,546 per ton, surging by 4.4% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. As a result, import price reached the peak level of $5,824 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,669 per ton), while the price for China ($2,922 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.0%), while the prices for the other major suppliers experienced a decline.
Chromium Trioxide Imports in Bangladesh
In 2022, overseas purchases of chromium trioxides decreased by -19.1% to 60 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of 74 tons, and then reduced notably in the following year.
In value terms, chromium trioxide imports reduced dramatically to $213K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $252K, and then dropped remarkably in the following year.
| Import of Chromium Trioxide in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.5 | 43.8 | 17.4 | 85.4 | 47.7% |
| Malaysia | 58.4 | 66.6 | 84.4 | 57.1 | -0.7% |
| India | 57.9 | 47.8 | 70.7 | 47.1 | -6.7% |
| Japan | 5.9 | 3.9 | 5.2 | 13.4 | 31.4% |
| Russia | N/A | N/A | 59.1 | N/A | 0% |
| Others | 8.0 | 11.3 | 15.0 | 9.6 | 6.3% |
| Total | 157 | 173 | 252 | 213 | 10.7% |
Top Suppliers of Chromium Trioxide to Bangladesh in 2022:
- China (29.2 tons)
- India (14.2 tons)
- Malaysia (13.0 tons)
- Japan (2.4 tons)
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