Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $2,550 per ton in 2022, jumping by 36% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 42%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($2,901 per ton) and Japan ($2,844 per ton), while the average price for exports to the UK ($2,157 per ton) and Belgium ($2,495 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,941 per ton in 2022, with an increase of 17% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium oxides and hydroxides; excluding chromium trioxides increased by +70.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.7% per year.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan
In 2022, approx. 29K tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from Kazakhstan; falling by -26.3% against 2021 figures. Over the period under review, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of 40K tons, and then declined markedly in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides reached $74M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +71.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 71%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 25.2 | 14.5 | 26.0 | 31.6 | 7.8% |
| Hong Kong SAR | 6.2 | 4.5 | 10.2 | 31.4 | 71.7% |
| United Kingdom | 27.3 | 17.0 | 21.4 | 7.0 | -36.5% |
| Japan | 0.8 | 0.7 | 2.0 | 1.6 | 26.0% |
| Russia | 1.1 | 1.0 | 1.3 | 1.6 | 13.3% |
| Germany | 1.2 | 1.6 | 1.8 | 0.8 | -12.6% |
| China | 0.2 | 2.9 | 6.9 | N/A | 487.4% |
| Others | 1.6 | 1.0 | 4.3 | 0.3 | -42.8% |
| Total | 63.8 | 43.3 | 74.0 | 74.3 | 5.2% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Kazakhstan in 2022:
- Belgium (12.7K tons)
- Hong Kong SAR (11.7K tons)
- United Kingdom (3.3K tons)
- Japan (0.6K tons)
- Russia (0.6K tons)
- Germany (0.3K tons)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan
In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides imported into Kazakhstan reduced sharply to 630 kg, dropping by -85.5% compared with the previous year's figure. Overall, imports showed a sharp descent. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides contracted notably to $5K in 2022. Over the period under review, imports faced a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 176% against the previous year. As a result, imports reached the peak of $29K, and then dropped notably in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.5 | 5.4 | 13.5 | 4.8 | -30.8% |
| China | N/A | N/A | 0.3 | N/A | 0% |
| Germany | 6.4 | 5.2 | N/A | N/A | -18.8% |
| Ukraine | N/A | N/A | 15.6 | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Total | 20.8 | 10.6 | 29.4 | 5.0 | -37.8% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Kazakhstan in 2022:
- Russia (627.0 kg)
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