Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait - 2022
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait (CIF) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait (CIF) - 2022
In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $9,884 per ton, which is down by -3.5% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The import price peaked at $57,308 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($50,462 per ton), while the price for the UK ($8,505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.2%), while the prices for the other major suppliers experienced a decline.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait
In 2022, approx. 432 kg of chromium and articles thereof; wrought other than waste and scrap were imported into Kuwait; growing by 15% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap rose rapidly to $4.3K in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.9 | 2.3 | 2.7 | 19.1% |
| United Kingdom | 1.0 | 1.0 | 0.9 | 0.9 | -3.5% |
| Germany | 0.5 | 0.6 | 0.6 | 0.7 | 11.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 3.5 | 3.8 | 4.3 | 11.5% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Kuwait in 2022:
- China (314.0 kg)
- United Kingdom (105.0 kg)
- Germany (13.0 kg)
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