Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $6,358 per ton, jumping by 27% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($13,152 per ton), while the price for Russia ($4,800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $3,430 per ton, declining by -53.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 91% against the previous year. The export price peaked at $9,056 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($32,594 per ton), while the average price for exports to Vietnam ($2,595 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 China (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea
In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into South Korea reduced remarkably to 701 tons, dropping by -36.6% on the year before. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of 1.1K tons, and then fell rapidly in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides shrank significantly to $4.5M in 2022. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of $5.5M, and then declined remarkably in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,037 | 2,442 | 3,842 | 2,457 | -6.8% |
| United States | 618 | 573 | 750 | 839 | 10.7% |
| Japan | 459 | 138 | 274 | 497 | 2.7% |
| Germany | 624 | 486 | 379 | 457 | -9.9% |
| Russia | 68.0 | 122 | 269 | 192 | 41.3% |
| Others | 67.0 | 0.1 | 26.9 | 13.2 | -41.8% |
| Total | 4,873 | 3,762 | 5,541 | 4,456 | -2.9% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to South Korea in 2022:
- China (483.9 tons)
- United States (80.7 tons)
- Germany (57.2 tons)
- Russia (40.0 tons)
- Japan (37.8 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea
In 2022, approx. 153 tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from South Korea; rising by 167% compared with 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 187% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $525K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 133%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 95.9 | 59.7 | 96.7 | 349 | 53.8% |
| Indonesia | 96.4 | 64.6 | 141 | 101 | 1.6% |
| China | 7.9 | 5.5 | 54.3 | 43.5 | 76.6% |
| United States | 11.1 | N/A | 84.0 | 10.1 | -3.1% |
| Malaysia | 28.5 | 49.5 | 0.2 | 0.1 | -84.8% |
| India | 0.3 | N/A | 43.1 | N/A | 1098.6% |
| Myanmar | 20.7 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 1.3 | 1.9 | 21.5 | 142.9% |
| Total | 262 | 181 | 421 | 525 | 26.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from South Korea in 2022:
- Vietnam (134.5 tons)
- Indonesia (15.0 tons)
- China (1.3 tons)
- United States (0.9 tons)
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