Chromium Trioxide Price in Kuwait - 2022
Contents:
Chromium Trioxide Price in Kuwait (CIF) - 2022
The average chromium trioxide import price stood at $5,723 per ton in 2022, picking up by 3.4% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 12% against the previous year. The import price peaked at $7,985 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($5,986 per ton), while the price for India totaled $4,250 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.5%), while the prices for the other major suppliers experienced a decline.
Chromium Trioxide Imports in Kuwait
In 2022, supplies from abroad of chromium trioxides decreased by -12.4% to 1.8 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year.
In value terms, chromium trioxide imports shrank to $10K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year.
| Import of Chromium Trioxide in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.0 | 8.1 | 1.1 | 8.9 | 107.2% |
| India | 0.1 | 0.9 | 0.1 | 1.1 | 122.4% |
| Spain | 5.8 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 9.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 9.0 | 11.1 | 10.0 | 13.2% |
Top Suppliers of Chromium Trioxide to Kuwait in 2022:
- United Kingdom (1486.0 kg)
- India (266.0 kg)
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