Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,772 per ton in 2022, increasing by 6.2% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 55%. Over the period under review, average import prices attained the maximum at $8,527 per ton in 2019; however, from 2020 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 the United States ($8,199 per ton), while the price for China ($1,702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.2%), while the prices for the other major suppliers experienced a decline.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait
After three years of growth, overseas purchases of chromium oxides and hydroxides; excluding chromium trioxides decreased by -8.1% to 27 tons in 2022. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides dropped to $183K in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 5.5% against the previous year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 136 | 149 | 107 | 112 | -6.3% |
| Germany | 8.7 | 1.3 | 57.6 | 52.3 | 81.8% |
| Saudi Arabia | 21.8 | 25.3 | 19.6 | 16.6 | -8.7% |
| Others | 2.0 | 2.6 | 3.1 | 2.3 | 4.8% |
| Total | 169 | 178 | 187 | 183 | 2.7% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Kuwait in 2022:
- United States (13.6 tons)
- Germany (7.5 tons)
- Saudi Arabia (5.7 tons)
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