Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Philippines - 2023

Contents:

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

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Philippines (CIF) - 2022

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,991 per ton in 2022, growing by 32% against the previous year. Overall, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 204%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,522 per ton), while the price for the UK ($1,313 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Philippines

In 2022, approx. 21 tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into the Philippines; dropping by -66.6% on the previous year's figure. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 22%.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides dropped notably to $170K in 2022. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 46%.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany35.552.976.611146.2%
Japan13.63.213.141.645.2%
China74.264.72208.2-52.0%
Taiwan (Chinese)5.80.90.62.8-21.6%
United Kingdom72.1N/AN/A0.2-85.9%
NetherlandsN/A50.9N/AN/A0%
Australia53.030.940.6N/A-12.5%
United States13347.015.2N/A-66.2%
Brazil43.0N/AN/AN/A0%
Others34.213.618.55.8-44.6%
Total465264385170-28.5%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to the Philippines in 2022:

  1. Germany (15.0 tons)
  2. Japan (4.4 tons)
  3. China (1.2 tons)
  4. Taiwan (Chinese) (0.3 tons)
  5. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform

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