Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $5,252 per ton in 2022, picking up by 18% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 19%. Over the period under review, the average export prices reached the maximum at $5,346 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($6,829 per ton), while the average price for exports to the United Arab Emirates ($3,830 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 South Korea (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $10,705 per ton, rising by 240% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $11,536 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 France ($17,110 per ton), while the price for India ($1,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China
Exports of chromium oxides and hydroxides; excluding chromium trioxides from China rose markedly to 9.8K tons in 2022, picking up by 14% on the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +63.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $51M in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 56%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.4 | 5.4 | 7.8 | 8.3 | 15.4% |
| United Kingdom | 0.1 | 0.3 | 1.3 | 6.4 | 300.0% |
| Spain | 0.9 | 0.4 | 2.2 | 5.9 | 87.2% |
| United States | 4.9 | 3.5 | 4.7 | 5.3 | 2.7% |
| South Korea | 2.9 | 2.3 | 3.9 | 3.3 | 4.4% |
| Netherlands | 1.3 | 1.0 | 2.7 | 2.4 | 22.7% |
| Mexico | 3.7 | 3.2 | 1.7 | 2.2 | -15.9% |
| India | 0.4 | 0.2 | 0.6 | 2.2 | 76.5% |
| Germany | 1.4 | 0.8 | 2.6 | 2.2 | 16.3% |
| Vietnam | 1.8 | 1.1 | 1.2 | 2.1 | 5.3% |
| United Arab Emirates | 0.1 | 0.2 | 0.4 | 1.8 | 162.1% |
| South Africa | 0.7 | 1.3 | 2.1 | 1.2 | 19.7% |
| Indonesia | 0.7 | 0.4 | 0.6 | 1.1 | 16.3% |
| Others | 5.4 | 4.5 | 6.7 | 7.1 | 9.6% |
| Total | 29.7 | 24.6 | 38.3 | 51.4 | 20.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from China in 2022:
- Japan (1404.4 tons)
- United Kingdom (1328.8 tons)
- Spain (1240.4 tons)
- United States (904.5 tons)
- India (562.4 tons)
- South Korea (477.9 tons)
- Netherlands (461.5 tons)
- United Arab Emirates (461.2 tons)
- Mexico (446.8 tons)
- Vietnam (364.5 tons)
- Germany (347.9 tons)
- South Africa (239.0 tons)
- Indonesia (195.3 tons)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China
In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides imported into China shrank rapidly to 206 tons, with a decrease of -96.6% on 2021 figures. In general, imports faced a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 137%. As a result, imports attained the peak of 6.1K tons, and then dropped remarkably in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides fell dramatically to $2.2M in 2022. Overall, imports saw a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 122%. As a result, imports reached the peak of $19M, and then shrank dramatically in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.0 | 1.8 | 3.1 | 1.2 | -15.7% |
| United States | 0.4 | 0.5 | 0.8 | 0.5 | 7.7% |
| Japan | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| France | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Russia | 8.1 | 3.7 | 0.6 | N/A | -72.8% |
| Kazakhstan | 0.9 | 1.6 | 14.0 | N/A | 294.4% |
| India | 0.7 | 0.5 | N/A | N/A | -28.6% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 12.4 | 8.7 | 19.2 | 2.2 | -43.8% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to China in 2022:
- Germany (128.5 tons)
- United States (43.7 tons)
- Japan (21.9 tons)
- France (7.2 tons)
- India (1.0 tons)
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