Chromium Trioxide Price in Chile - 2023

Chromium Trioxide Price in Chile (CIF) - 2022

In 2022, the average chromium trioxide import price amounted to $3,559 per ton, picking up by 41% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The import price peaked at $4,033 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($4,027 per ton) and Kazakhstan ($3,940 per ton), while the price for the United States ($2,998 per ton) and Turkey ($3,323 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Chromium Trioxide Price in Chile (FOB) - 2022

The average chromium trioxide export price stood at $3,635 per ton in February 2022, standing approximately at the previous month. Overall, the export price enjoyed noticeable growth. The export price peaked at $3,695 per ton in November 2021; however, from December 2021 to February 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From May 2021 to February 2022, the rate of growth in terms of prices for Brazil amounted to +2.4% per month.

Chromium Trioxide Imports in Chile

In 2022, approx. 1.5K tons of chromium trioxides were imported into Chile; increasing by 3% on 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 6.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chromium trioxide imports surged to $5.3M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chromium Trioxide in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	2,691	2,435	2,133	3,105	4.9%
Kazakhstan	347	471	680	1,694	69.6%
China	91.0	179	153	507	77.3%
United States	334	328	338	26.5	-57.0%
Netherlands	158	169	193	N/A	10.5%
Others	138	119	193	16.2	-51.0%
Total	3,759	3,701	3,689	5,350	12.5%

Top Suppliers of Chromium Trioxide to Chile in 2022:

Turkey (934.7 tons)
Kazakhstan (430.0 tons)
China (126.0 tons)
United States (8.8 tons)

Chromium Trioxide Exports in Chile

In 2022, the amount of chromium trioxides exported from Chile reduced notably to 41 tons, with a decrease of -58.9% compared with the previous year's figure. Overall, exports continue to indicate a sharp slump.

In value terms, chromium trioxide exports dropped markedly to $147K in 2022. In general, exports saw a significant curtailment.