Price for Chromium Oxides and Hydroxides in Thailand - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Thailand (CIF) - 2023
- Price for Chromium Oxides and Hydroxides in Thailand (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Thailand
- Exports of Chromium Oxides and Hydroxides in Thailand
Price for Chromium Oxides and Hydroxides in Thailand (CIF) - 2023
In September 2023, the average chromium oxides and hydroxides import price amounted to $3,642 per ton, with a decrease of -39.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 52% m-o-m. The import price peaked at $5,999 per ton in August 2023, and then declined rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,867 per ton), while the price for South Africa ($3,529 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides in Thailand (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $1,274 per ton in 2022, falling by -42.4% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 91% against the previous year. Over the period under review, the average export prices attained the maximum at $4,942 per ton in 2013; however, from 2014 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 Malaysia ($27,800 per ton), while the average price for exports to Maldives ($734 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 Spain (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Thailand
In 2022, approx. 2.1K tons of chromium oxides and hydroxideses were imported into Thailand; growing by 12% compared with the year before. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, chromium oxides and hydroxides imports surged to $8.2M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,233 | 1,370 | 1,520 | 1,995 | 17.4% |
| United States | 849 | 639 | 588 | 1,787 | 28.2% |
| South Africa | 1,263 | 994 | 1,566 | 1,777 | 12.1% |
| Kazakhstan | 1,055 | 710 | 1,042 | 1,095 | 1.2% |
| Japan | 170 | 257 | 425 | 487 | 42.0% |
| Germany | 460 | 240 | 394 | 486 | 1.8% |
| Turkey | 592 | 591 | 292 | 445 | -9.1% |
| Russia | 449 | 165 | 319 | 107 | -38.0% |
| Others | 17.1 | 2.2 | 58.2 | 28.4 | 18.4% |
| Total | 6,087 | 4,968 | 6,205 | 8,208 | 10.5% |
Top Suppliers of Chromium Oxides and Hydroxides to Thailand in 2022:
- South Africa (503.7 tons)
- United States (496.7 tons)
- China (455.3 tons)
- Kazakhstan (305.8 tons)
- Turkey (125.9 tons)
- Japan (104.5 tons)
- Germany (75.3 tons)
- Russia (20.0 tons)
Exports of Chromium Oxides and Hydroxides in Thailand
Chromium oxides and hydroxides exports from Thailand contracted sharply to 6.8 tons in 2022, declining by -85.4% on the previous year. Overall, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 14%.
In value terms, chromium oxides and hydroxides exports shrank sharply to $8.7K in 2022. Over the period under review, exports recorded a sharp decrease. The smallest decline of -13.9% was in 2020.
| Export of Chromium Oxides and Hydroxides in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 7.3 | 4.8 | N/A | 4.8 | -13.0% |
| Vietnam | N/A | N/A | N/A | 3.0 | 0% |
| Lao People's Democratic Republic | 2.0 | 1.9 | 10.5 | 0.2 | -53.6% |
| Malaysia | N/A | 16.5 | N/A | 0.1 | -92.2% |
| South Korea | 3.0 | 34.5 | N/A | N/A | 1050.0% |
| Japan | 135 | 66.1 | 45.8 | N/A | -41.8% |
| Indonesia | 12.8 | N/A | 20.1 | N/A | 25.3% |
| Myanmar | N/A | 0.6 | 26.9 | N/A | 4383.3% |
| Others | N/A | 13.2 | N/A | 0.5 | -80.5% |
| Total | 160 | 138 | 103 | 8.7 | -62.1% |
Top Export Markets for Chromium Oxides and Hydroxides from Thailand in 2022:
- Malaysia (undefined tons)
- Maldives (6.5 tons)
- Vietnam (0.2 tons)
- Lao People's Democratic Republic (0.1 tons)
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