Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $88,262 per ton, increasing by 43% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 2,986%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($108,752 per ton), while the average price for exports to Indonesia ($31,275 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 Taiwan (Chinese) (+43.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $11,386 per ton, increasing by 98% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2017 an increase of 958%. Over the period under review, average import prices reached the maximum at $48,493 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($18,339 per ton), while the price for China stood at $4,164 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.9%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR
In 2022, approx. 1.5 tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from Hong Kong SAR; waning by -36.9% compared with the previous year. In general, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 239,400% against the previous year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides reduced to $133K in 2022. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 7,390,250%. As a result, the exports attained the peak of $148K, and then shrank in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.2 | N/A | 116 | 104 | 18.1% |
| South Korea | N/A | N/A | 19.8 | 27.4 | 38.4% |
| Indonesia | N/A | N/A | N/A | 2.5 | 0% |
| Others | 25.6 | N/A | 11.8 | N/A | -32.1% |
| Total | 88.8 | N/A | 148 | 133 | 14.4% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Hong Kong SAR in 2022:
- China (952.0 kg)
- South Korea (480.0 kg)
- Indonesia (80.0 kg)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR
In 2022, approx. 1.5 tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into Hong Kong SAR; with a decrease of -92% against the year before. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,312%. As a result, imports reached the peak of 19 tons, and then dropped markedly in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides dropped dramatically to $18K in 2022. Over the period under review, imports saw a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 1,045%. As a result, imports reached the peak of $112K, and then dropped significantly in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | 11.3 | 14.2 | 25.7% |
| China | N/A | N/A | 75.9 | 3.2 | -95.8% |
| United States | 58.9 | 9.7 | 9.2 | 0.2 | -85.0% |
| Others | N/A | N/A | 15.2 | N/A | 0% |
| Total | 58.9 | 9.7 | 112 | 17.6 | -33.1% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Hong Kong SAR in 2022:
- Japan (775.0 kg)
- China (766.0 kg)
- United States (5.0 kg)
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