Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,882 per ton in 2022, rising by 32% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,720 per ton), while the price for China ($6,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $33,468 per ton, shrinking by -8.8% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 141%. As a result, the export price attained the peak level of $36,708 per ton, and then fell in the following year.
There were significant differences in the average prices for the major external 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 stood at $16,273 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; Excluding Chromium Trioxide in Australia
In 2022, purchases abroad of chromium oxides and hydroxides; excluding chromium trioxides decreased by -9.7% to 336 tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 381 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $2.3M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 734 | 678 | 777 | 1,208 | 18.1% |
| United States | 286 | 475 | 517 | 603 | 28.2% |
| China | 573 | 391 | 602 | 497 | -4.6% |
| Others | 23.9 | 17.5 | 46.8 | 5.5 | -38.7% |
| Total | 1,617 | 1,561 | 1,943 | 2,314 | 12.7% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Australia in 2022:
- Germany (179.4 tons)
- China (78.6 tons)
- United States (78.1 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia
In 2022, shipments abroad of chromium oxides and hydroxides; excluding chromium trioxides decreased by -66.8% to 201 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 15,050% against the previous year. As a result, the exports attained the peak of 606 kg, and then shrank remarkably in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides declined significantly to $6.7K in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 36,367%. As a result, the exports reached the peak of $22K, and then reduced markedly in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | N/A | 4.0 | 0% | |
| New Zealand | 0.1 | 8.3 | 2.6 | 409.9% | |
| Hong Kong SAR | N/A | 12.6 | N/A | 0% | |
| Thailand | N/A | 1.4 | N/A | 0% | |
| Others | N/A | N/A | 0.1 | 0% | |
| Total | 0.1 | 22.2 | 6.7 | 718.5% | |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Australia in 2022:
- New Zealand (161.0 kg)
- Germany (40.0 kg)
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