Price for Chromium Oxides and Hydroxides in Australia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Australia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Australia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Australia
- Exports of Chromium Oxides and Hydroxides in Australia
Price for Chromium Oxides and Hydroxides in Australia (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,890 per ton, growing by 36% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides import price increased by +41.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue 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 Germany ($6,737 per ton), while the price for Turkey ($3,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Australia (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $9,192 per ton, with an increase of 62% against the previous year. In general, the export price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 196% against the previous year. Over the period under review, the average export prices attained the maximum at $67,414 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 Germany ($100,375 per ton), while the average price for exports to New Zealand totaled $4,359 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+32.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of chromium oxides and hydroxideses, when their volume decreased by -25.1% to 1.9K tons. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year.
In value terms, chromium oxides and hydroxides imports expanded slightly to $7.4M in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,557 | 551 | 620 | 1,281 | -6.3% |
| Germany | 737 | 681 | 777 | 1,208 | 17.9% |
| Kazakhstan | 357 | 639 | 1,561 | 1,136 | 47.1% |
| Netherlands | 53.9 | 208 | 265 | 1,026 | 167.0% |
| United States | 1,150 | 1,822 | 524 | 976 | -5.3% |
| China | 576 | 2,115 | 1,532 | 873 | 14.9% |
| South Africa | 100 | 47.3 | 149 | 385 | 56.7% |
| Estonia | 458 | 48.1 | 441 | 360 | -7.7% |
| India | 210 | 101 | 1,263 | N/A | 145.2% |
| Others | 286 | 70.3 | 130 | 176 | -14.9% |
| Total | 5,485 | 6,283 | 7,262 | 7,421 | 10.6% |
Top Suppliers of Chromium Oxides and Hydroxides to Australia in 2022:
- Turkey (422.5 tons)
- Kazakhstan (340.0 tons)
- Netherlands (338.3 tons)
- United States (198.1 tons)
- Germany (179.4 tons)
- China (178.6 tons)
- South Africa (108.0 tons)
- Estonia (100.0 tons)
Exports of Chromium Oxides and Hydroxides in Australia
In 2022, overseas shipments of chromium oxides and hydroxideses decreased by -90.4% to 811 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 67,455%. As a result, the exports reached the peak of 71 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, chromium oxides and hydroxides exports fell sharply to $7.5K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 71,477% against the previous year. As a result, the exports attained the peak of $223K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Chromium Oxides and Hydroxides in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 4.0 | 0% |
| New Zealand | 0.3 | 189 | 22.1 | 3.3 | 122.4% |
| China | N/A | N/A | 10.0 | N/A | 0% |
| Papua New Guinea | N/A | 33.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 15.8 | 0.1 | -99.4% |
| Total | 0.3 | 223 | 47.9 | 7.5 | 192.4% |
Top Export Markets for Chromium Oxides and Hydroxides from Australia in 2022:
- New Zealand (768.0 kg)
- Germany (40.0 kg)
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