Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (CIF) - 2023
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (CIF) - 2023
In November 2023, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $96,175 per ton, increasing by 310% against the previous month. Over the period under review, the import price continues to indicate mild growth. Over the period under review, average import prices hit record highs at $194K per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($101K per ton), while the price for Germany amounted to $62,310 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $146,757 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 65%. The export price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +16.8% per year.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico
Imports of chromium and articles thereof; wrought other than waste and scrap into Mexico expanded rapidly to 22 tons in 2022, picking up by 7.7% compared with 2021 figures. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap surged to $2.1M 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 +17.0% 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 +60.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 23%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 235 | 974 | 1,126 | 1,571 | 88.4% |
| United States | 765 | 484 | 640 | 514 | -12.4% |
| Germany | 293 | 122 | 40.6 | 13.6 | -64.1% |
| United Kingdom | N/A | 7.6 | N/A | N/A | 0% |
| Others | 18.7 | 25.9 | N/A | N/A | 38.5% |
| Total | 1,312 | 1,613 | 1,806 | 2,099 | 17.0% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Mexico in 2022:
- China (12.9 tons)
- United States (9.1 tons)
- Germany (0.1 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico
In 2022, overseas shipments of chromium and articles thereof; wrought other than waste and scrap decreased by 0% to 37 kg, falling for the second year in a row after two years of growth. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 393% against the previous year. As a result, the exports attained the peak of 74 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap totaled $5.4K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 417% against the previous year. As a result, the exports reached the peak of $11K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 10.9 | N/A | 5.4 | 37.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 10.9 | N/A | 5.4 | 37.0% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Mexico in 2022:
- United States (37.0 kg)
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