Price for Chromium Oxides and Hydroxides in Mexico - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Mexico (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Mexico (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Mexico
- Exports of Chromium Oxides and Hydroxides in Mexico
Price for Chromium Oxides and Hydroxides in Mexico (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $5,752 per ton in 2022, picking up by 6.1% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $8,517 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($8,029 per ton), while the price for the United States ($5,391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Mexico (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $3,457 per ton, stabilizing at the previous year. Overall, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 71% against the previous year. As a result, the export price reached the peak level of $12,079 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, 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 Venezuela amounted to +20.2% per year.
Imports of Chromium Oxides and Hydroxides in Mexico
In 2022, approx. 1.6K tons of chromium oxides and hydroxideses were imported into Mexico; picking up by 29% compared with the year before. In general, imports, however, showed a relatively flat trend pattern.
In value terms, chromium oxides and hydroxides imports skyrocketed to $9.2M in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment.
| Import of Chromium Oxides and Hydroxides in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 5.8 | 5.7 | 7.4 | 4.4% |
| China | 3.7 | 4.6 | 0.8 | 1.7 | -22.8% |
| Germany | 0.3 | 0.4 | 0.1 | 0.1 | -30.7% |
| Russia | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Kazakhstan | 1.0 | 0.6 | 0.1 | N/A | -68.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 11.8 | 11.8 | 6.8 | 9.2 | -8.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Mexico in 2022:
- United States (1372.0 tons)
- China (211.0 tons)
- Germany (17.5 tons)
Exports of Chromium Oxides and Hydroxides in Mexico
After three years of growth, overseas shipments of chromium oxides and hydroxideses decreased by -93.5% to 1.3 tons in 2022. Overall, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 389%.
In value terms, chromium oxides and hydroxides exports contracted rapidly to $4.4K in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 378% against the previous year.
| Export of Chromium Oxides and Hydroxides in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.9 | 37.6 | 67.4 | 4.4 | -17.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.9 | 37.6 | 67.4 | 4.4 | -17.7% |
Top Export Markets for Chromium Oxides and Hydroxides from Mexico in 2022:
- United States (1.3 tons)
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