Price for Chromium Oxides and Hydroxides in Angola - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Angola (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Angola
Price for Chromium Oxides and Hydroxides in Angola (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $1,219 per ton, falling by -26.3% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of 153% against the previous year. Over the period under review, average import prices reached the maximum at $4,974 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 China ($19,643 per ton), while the price for Portugal ($647 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 (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Angola
For the fourth consecutive year, Angola recorded growth in purchases abroad of chromium oxides and hydroxideses, which increased by 13% to 5.2 tons in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 74%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, chromium oxides and hydroxides imports reduced notably to $6.4K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +55.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of $7.7K, and then reduced notably in the following year.
| Import of Chromium Oxides and Hydroxides in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 3.3 | 2.9 | 3.8 | 3.0 | -3.1% |
| Germany | N/A | 0.6 | N/A | 1.1 | 35.4% |
| United States | 0.2 | 0.3 | 0.7 | 0.6 | 44.2% |
| Lebanon | N/A | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.3 | 3.1 | 1.7 | 41.5% |
| Total | 4.1 | 5.1 | 7.7 | 6.4 | 16.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Angola in 2022:
- Portugal (4.6 tons)
- Germany (0.2 tons)
- United States (0.1 tons)
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