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

Contents:

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

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

In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $15,636 per ton, approximately mirroring the previous year. In general, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 362%. The import price peaked at $19,075 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +17.9% per year.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Saudi Arabia

In 2022, purchases abroad of chromium oxides and hydroxides; excluding chromium trioxides was finally on the rise to reach 548 tons after two years of decline. In general, imports, however, continue to indicate a dramatic descent.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides rose to $8.6M in 2022. Over the period under review, imports, however, recorded a sharp decline.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States18.58.68.08.4-23.1%
Others0.10.20.30.226.0%
Total18.58.88.38.6-22.5%

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

  1. United States (513.0 tons)

Source: IndexBox Market Intelligence Platform

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