Price for Chromium Oxides and Hydroxides in Nepal - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Nepal (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Nepal
Price for Chromium Oxides and Hydroxides in Nepal (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $2,849 per ton in 2022, growing by 7.2% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides import price increased by +24.8% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 81%. As a result, import price reached the peak level of $4,369 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
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 China ($12,556 per ton), while the price for India ($2,838 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Nepal
For the fourth year in a row, Nepal recorded growth in overseas purchases of chromium oxides and hydroxideses, which increased by 108% to 28 tons in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides imports skyrocketed to $81K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.2 | 18.7 | 34.5 | 78.9 | 73.1% |
| Canada | 2.1 | 1.5 | 1.5 | 1.6 | -8.7% |
| Others | 0.1 | 1.7 | 0.1 | 0.1 | 0.0% |
| Total | 17.3 | 21.9 | 36.1 | 80.6 | 67.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Nepal in 2022:
- India (27.8 tons)
- Canada (0.5 tons)
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