Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (CIF) - 2023
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (CIF) - 2023
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,812 per ton in November 2023, waning by -15.3% against the previous month. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices hit record highs at $5,918 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($48,285 per ton), while the price for China ($4,611 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $10,872 per ton, surging by 8.7% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 ($13,010 per ton), while the average price for exports to China ($6,865 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 (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan
Imports of chromium oxides and hydroxides; excluding chromium trioxides into Japan contracted sharply to 3.2K tons in 2022, with a decrease of -18.9% on 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of 3.9K tons, and then dropped remarkably in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides rose to $18M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 5.6 | 8.4 | 8.6 | 11.5% |
| Kazakhstan | 1.2 | 1.0 | 2.9 | 3.8 | 46.8% |
| United States | 3.0 | 1.7 | 2.4 | 2.3 | -8.5% |
| Germany | 1.9 | 1.3 | 1.6 | 2.0 | 1.7% |
| Russia | 1.1 | 1.0 | 1.4 | 1.2 | 2.9% |
| Others | N/A | N/A | 0.7 | N/A | 0% |
| Total | 13.5 | 10.5 | 17.4 | 18.0 | 10.1% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Japan in 2022:
- China (1509.0 tons)
- Kazakhstan (720.5 tons)
- United States (375.4 tons)
- Germany (325.4 tons)
- Russia (260.0 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan
Exports of chromium oxides and hydroxides; excluding chromium trioxides from Japan fell dramatically to 124 tons in 2022, dropping by -25.9% compared with 2021 figures. In general, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 103%. As a result, the exports reached the peak of 168 tons, and then contracted significantly in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides shrank markedly to $1.4M in 2022. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. As a result, the exports reached the peak of $1.7M, and then dropped remarkably in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 167 | 105 | 228 | 479 | 42.1% |
| Indonesia | 283 | 170 | 430 | 380 | 10.3% |
| Taiwan (Chinese) | 175 | 138 | 364 | 169 | -1.2% |
| Thailand | 16.6 | 44.8 | 108 | 121 | 93.9% |
| India | 12.9 | 44.0 | 272 | 82.1 | 85.3% |
| China | 50.4 | 80.8 | 86.4 | 79.6 | 16.5% |
| Slovenia | N/A | N/A | 143 | N/A | 0% |
| Others | 173 | 236 | 49.5 | 42.5 | -37.4% |
| Total | 877 | 819 | 1,681 | 1,353 | 15.5% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Japan in 2022:
- Indonesia (37.7 tons)
- South Korea (36.8 tons)
- Taiwan (Chinese) (19.0 tons)
- China (11.6 tons)
- Thailand (10.0 tons)
- India (7.0 tons)
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