Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa - 2024
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (FOB) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (CIF) - 2022
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $13,965 per ton in 2022, with an increase of 62% against the previous year. Overall, the export price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 88% against the previous year. The export price peaked at $19,633 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($25,011 per ton), while the average price for exports to the United States ($11,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (CIF) - 2022
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $11,231 per ton in 2022, rising by 24% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($14,861 per ton), while the price for China ($9,334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.4%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa
In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap exported from South Africa expanded markedly to 82 tons, surging by 8% against 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap soared to $1.2M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 658 | 596 | -9.4% |
| Japan | N/A | N/A | N/A | 375 | 0% |
| United Kingdom | 0.1 | N/A | N/A | 181 | 1118.7% |
| Namibia | 164 | N/A | N/A | N/A | 0% |
| Others | 2.1 | N/A | N/A | N/A | 0% |
| Total | 166 | N/A | 658 | 1,152 | 90.7% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from South Africa in 2022:
- United States (52.9 tons)
- Japan (15.0 tons)
- United Kingdom (14.6 tons)
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa
In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into South Africa declined markedly to 39 tons, which is down by -66.4% against 2021. In general, imports recorded a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 113%.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap shrank significantly to $434K in 2022. Overall, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 187% against the previous year.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 222 | 314 | 689 | 287 | 8.9% |
| China | 393 | N/A | 38.2 | 94.1 | -37.9% |
| United Arab Emirates | N/A | N/A | N/A | 45.9 | 0% |
| Spain | 576 | N/A | 151 | N/A | -48.8% |
| Russia | 74.1 | 28.3 | N/A | N/A | -61.8% |
| United Kingdom | 68.1 | N/A | N/A | N/A | 0% |
| Others | 66.9 | 21.2 | 163 | 7.0 | -52.9% |
| Total | 1,400 | 363 | 1,042 | 434 | -32.3% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to South Africa in 2022:
- Germany (25.1 tons)
- China (10.1 tons)
- United Arab Emirates (3.1 tons)
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