Price for Chromium Oxides and Hydroxides in Azerbaijan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Azerbaijan (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Azerbaijan
Price for Chromium Oxides and Hydroxides in Azerbaijan (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $5,581 per ton, growing by 31% against the previous year. Overall, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 71%. The import price peaked at $8,651 per ton in 2013; however, from 2014 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 Spain ($11,836 per ton), while the price for Russia ($5,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides in Azerbaijan
In 2022, approx. 13 tons of chromium oxides and hydroxideses were imported into Azerbaijan; rising by 67% against the year before. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides imports surged to $71K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 12.4 | 4.9 | 19.7 | 50.4 | 59.6% |
| Turkey | 4.3 | 0.7 | 6.6 | 13.1 | 45.0% |
| Spain | 2.8 | 0.7 | 5.5 | 6.5 | 32.4% |
| Germany | 8.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 29.6 | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.9 | 1.2 | 128.9% |
| Total | 27.8 | 35.9 | 32.6 | 71.3 | 36.9% |
Top Suppliers of Chromium Oxides and Hydroxides to Azerbaijan in 2022:
- Russia (10.0 tons)
- Turkey (2.1 tons)
- Spain (0.6 tons)
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