Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia - 2022

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (FOB) - 2022
  2. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (CIF) - 2022
  3. Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia
  4. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (FOB) - 2022

In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $7,703 per ton, increasing by 16% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The export price peaked at $8,083 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Costa Rica ($8,531 per ton), while the average price for exports to India ($5,431 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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (CIF) - 2022

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $5,407 per ton in 2022, surging by 28% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. Over the period under review, average import prices reached the peak figure at $6,335 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5,342 per ton), while the price for Russia stood at $4,755 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia

In 2022, exports of chromium oxides and hydroxides; excluding chromium trioxides from Colombia rose slightly to 124 tons, surging by 3.4% compared with the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides soared to $953K in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States412251447397-1.2%
Costa Rica91.742.212312611.2%
Argentina4.52.927.195.8177.2%
Mexico35.263.21.180.932.0%
Brazil2.936.427.169.5188.3%
BoliviaN/AN/A37.442.513.6%
Dominican Republic26.813.418.340.714.9%
Others25.178.111110159.1%
Total59848779195316.8%

Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Colombia in 2022:

  1. United States (51.4 tons)
  2. Costa Rica (14.8 tons)
  3. Argentina (12.9 tons)
  4. Mexico (11.6 tons)
  5. Brazil (10.0 tons)
  6. Bolivia (5.0 tons)
  7. Dominican Republic (5.0 tons)

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia

In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into Colombia contracted sharply to 161 tons, with a decrease of -19.2% compared with the year before. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of 199 tons, and then reduced rapidly in the following year.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides expanded modestly to $868K in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7315627647480.8%
Russia58.033.658.995.117.9%
Brazil65.64.32.2N/A-81.7%
Others25.312.913.525.0-0.4%
Total880613839868-0.5%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Colombia in 2022:

  1. China (140.0 tons)
  2. Russia (20.0 tons)

Source: IndexBox Market Intelligence Platform

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