Price for Chromium Oxides and Hydroxides in Colombia - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Colombia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Colombia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Colombia
- Exports of Chromium Oxides and Hydroxides in Colombia
Price for Chromium Oxides and Hydroxides in Colombia (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $4,294 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 7.8% against the previous year. The import price peaked at $5,903 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($10,620 per ton), while the price for Russia ($2,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides in Colombia (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $6,411 per ton, with a decrease of -2.9% against the previous year. Overall, the export price showed a slight descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 13%. As a result, the export price attained the peak level of $8,097 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($7,705 per ton), while the average price for exports to Mexico ($4,976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Colombia
In 2022, the amount of chromium oxides and hydroxideses imported into Colombia declined to 306 tons, reducing by -12.7% compared with 2021 figures. Over the period under review, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of 351 tons, and then dropped in the following year.
In value terms, chromium oxides and hydroxides imports declined to $1.3M in 2022. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year.
| Import of Chromium Oxides and Hydroxides in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 731 | 562 | 764 | 650 | -3.8% |
| United States | 486 | 380 | 441 | 375 | -8.3% |
| Brazil | 177 | 74.5 | 106 | 99.9 | -17.4% |
| India | 2.4 | 0.9 | 90.1 | 76.7 | 217.3% |
| Russia | 58.0 | 33.6 | 58.9 | 50.1 | -4.8% |
| Turkey | 86.4 | 44.8 | 23.5 | 43.2 | -20.6% |
| Others | 45.2 | 17.2 | 33.9 | 20.0 | -23.8% |
| Total | 1,585 | 1,113 | 1,518 | 1,315 | -6.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Colombia in 2022:
- China (150.8 tons)
- United States (91.3 tons)
- India (23.7 tons)
- Russia (16.9 tons)
- Turkey (11.6 tons)
- Brazil (9.4 tons)
Exports of Chromium Oxides and Hydroxides in Colombia
In 2022, approx. 103 tons of chromium oxides and hydroxideses were exported from Colombia; waning by -15.3% compared with 2021 figures. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 122 tons, and then reduced remarkably in the following year.
In value terms, chromium oxides and hydroxides exports dropped dramatically to $663K in 2022. Overall, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $807K, and then shrank significantly in the following year.
| Export of Chromium Oxides and Hydroxides in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 412 | 251 | 447 | 398 | -1.1% |
| Costa Rica | 91.7 | 42.2 | 123 | 109 | 5.9% |
| Ecuador | 25.6 | 56.1 | 58.7 | 52.3 | 26.9% |
| Mexico | 35.2 | 63.2 | 1.1 | 29.1 | -6.1% |
| Brazil | 2.9 | 36.4 | 27.1 | 24.2 | 102.8% |
| Argentina | 4.5 | 2.9 | 27.1 | 24.2 | 75.2% |
| Dominican Republic | 26.8 | 13.4 | 18.3 | 17.1 | -13.9% |
| Others | 15.7 | 54.3 | 105 | 9.3 | -16.0% |
| Total | 614 | 520 | 807 | 663 | 2.6% |
Top Export Markets for Chromium Oxides and Hydroxides from Colombia in 2022:
- United States (63.1 tons)
- Costa Rica (14.2 tons)
- Ecuador (8.5 tons)
- Mexico (5.9 tons)
- Brazil (4.4 tons)
- Argentina (3.9 tons)
- Dominican Republic (2.5 tons)
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