Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand - 2024
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (CIF) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (CIF) - 2022
In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $59,101 per ton, picking up by 33% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices reached the peak figure at $194,593 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($171,379 per ton), while the price for South Korea ($7,661 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 States (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (FOB) - 2022
In 2022, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $8,584 per ton, with an increase of 37% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 665%. Over the period under review, the average export prices attained the maximum at $164,198 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($8,837 per ton), while the average price for exports to Japan amounted to $5,739 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+67.3%), while the prices for the other major destinations experienced a decline.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand
In 2022, overseas purchases of chromium and articles thereof; wrought other than waste and scrap decreased by -27.6% to 49 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 131% against the previous year. As a result, imports reached the peak of 67 tons, and then reduced dramatically in the following year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap reduced slightly to $2.9M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of $3M, and then reduced modestly in the following year.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,010 | 1,021 | 1,233 | 1,491 | 13.9% |
| Germany | 403 | 305 | 352 | 472 | 5.4% |
| China | 246 | 170 | 325 | 340 | 11.4% |
| United States | 197 | 15.3 | 661 | 286 | 13.2% |
| South Korea | 17.3 | 113 | 222 | 169 | 113.8% |
| Others | 256 | 183 | 186 | 116 | -23.2% |
| Total | 2,130 | 1,807 | 2,979 | 2,874 | 10.5% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Thailand in 2022:
- South Korea (22.1 tons)
- Japan (9.3 tons)
- China (8.5 tons)
- Germany (6.4 tons)
- United States (1.7 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand
After three years of growth, shipments abroad of chromium and articles thereof; wrought other than waste and scrap decreased by -95.3% to 281 kg in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 735%. As a result, the exports attained the peak of 5.9 tons, and then reduced rapidly in the following year.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap dropped remarkably to $2.4K in 2022. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 312%. As a result, the exports reached the peak of $37K, and then shrank notably in the following year.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.1 | 7.2 | 0.6 | 2.3 | 27.9% |
| Japan | N/A | 0.3 | 34.7 | 0.1 | -42.3% |
| Myanmar | 8.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.6 | 1.8 | N/A | 73.2% |
| Total | 10.3 | 9.0 | 37.1 | 2.4 | -38.5% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Thailand in 2022:
- Maldives (258.0 kg)
- Japan (23.0 kg)
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