Salts; Sodium Dichromate Price in Indonesia - 2022

Salts; Sodium Dichromate Price in Indonesia (CIF) - 2022

The average salts; sodium dichromate import price stood at $1,766 per ton in 2022, growing by 22% against the previous year. In general, the import price saw 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 Singapore ($2,805 per ton), while the price for Russia ($1,202 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Sodium Dichromate Price in Indonesia (FOB) - 2022

In 2022, the average salts; sodium dichromate export price amounted to $1,608 per ton, reducing by -3.1% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 5%. Over the period under review, the average export prices attained the peak figure at $5,495 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -6.6% per year.

Salts; Sodium Dichromate Imports in Indonesia

In 2022, supplies from abroad of salts; sodium dichromate decreased by -42.4% to 232 tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8% against the previous year. As a result, imports reached the peak of 404 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, salts; sodium dichromate imports fell markedly to $410K in 2022. Overall, imports continue to indicate a deep contraction. The smallest decline of -0.8% was in 2020.

Import of Salts; Sodium Dichromate in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	175	221	62.7	112	-13.8%
United States	120	116	76.7	76.3	-14.0%
China	61.6	60.6	61.0	46.9	-8.7%
India	53.9	78.3	49.8	44.5	-6.2%
Taiwan (Chinese)	31.9	36.1	41.9	36.5	4.6%
Malaysia	27.1	22.3	45.0	33.7	7.5%
Singapore	22.4	6.7	25.2	14.0	-14.5%
Australia	27.4	9.3	28.8	13.7	-20.6%
United Arab Emirates	40.3	N/A	N/A	N/A	0%
Turkey	N/A	10.8	159	N/A	1372.2%
Others	43.7	37.3	32.4	32.6	-9.3%
Total	603	599	583	410	-12.1%

Top Suppliers of Salts; Sodium Dichromate to Indonesia in 2022:

Russia (93.0 tons)
United States (33.6 tons)
India (25.9 tons)
Malaysia (23.6 tons)
China (23.4 tons)
Taiwan (Chinese) (14.6 tons)
Australia (9.2 tons)
Singapore (5.0 tons)

Salts; Sodium Dichromate Exports in Indonesia

In 2022, after two years of decline, there was significant growth in shipments abroad of salts; sodium dichromate, when their volume increased by 38% to 11 tons. Overall, exports, however, continue to indicate a abrupt setback.

In value terms, salts; sodium dichromate exports surged to $18K in 2022. Over the period under review, exports, however, saw a drastic downturn.