Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines (CIF) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines (CIF) - 2022
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $49,457 per ton in 2022, which is down by -55.1% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 100%. The import price peaked at $224,397 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Taiwan (Chinese) ($261,506 per ton), while the price for South Korea ($12,034 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines
In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into the Philippines soared to 3.3 tons, picking up by 76% against the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.8% against 2020 indices.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap shrank remarkably to $161K in 2022. Overall, imports, however, showed a sharp shrinkage.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.5 | 39.8 | 17.0 | 99.6 | 136.8% |
| Taiwan (Chinese) | 433 | 182 | 122 | 40.3 | -54.7% |
| Singapore | 0.2 | 0.3 | 0.7 | 14.9 | 320.8% |
| South Korea | 3.8 | 20.6 | 8.6 | 0.3 | -57.1% |
| Japan | 72.1 | 28.0 | 32.5 | N/A | -32.9% |
| Others | 70.4 | 33.5 | 23.8 | 6.1 | -55.7% |
| Total | 587 | 304 | 204 | 161 | -35.0% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to the Philippines in 2022:
- China (2902.0 kg)
- Taiwan (Chinese) (154.0 kg)
- Singapore (133.0 kg)
- South Korea (29.0 kg)
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