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

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Ethiopia (CIF) - 2022
  2. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Ethiopia

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

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $1,618 per ton in 2022, dropping by -61.6% against the previous year. Overall, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. The import price peaked at $7,222 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11,157 per ton), while the price for Turkey ($1,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.

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

Imports of chromium oxides and hydroxides; excluding chromium trioxides into Ethiopia skyrocketed to 40 tons in 2022, jumping by 488% compared with the previous year. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $64K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 440% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South AfricaN/AN/AN/A33.00%
ChinaN/A23.5N/A24.52.1%
TurkeyN/AN/AN/A6.30%
India9.59.2N/A0.1-78.1%
United KingdomN/AN/A28.3N/A0%
United Arab EmiratesN/A18.5N/AN/A0%
OthersN/AN/AN/AN/A0%
Total9.551.228.363.988.8%

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

  1. South Africa (31.3 tons)
  2. Turkey (6.0 tons)
  3. China (2.2 tons)

Source: IndexBox Market Intelligence Platform

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