Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (CIF) - 2023
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (FOB) - 2023
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (CIF) - 2023
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $12,731 per ton in December 2023, dropping by -4.1% against the previous month. Overall, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 466% against the previous month. As a result, import price attained the peak level of $77,734 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($187K per ton), while the price for France stood at $10,512 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (FOB) - 2023
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $68,590 per ton in December 2023, falling by -40.4% against the previous month. In general, the export price, however, saw a pronounced increase. The growth pace was the most rapid in May 2023 an increase of 309% against the previous month. As a result, the export price attained the peak level of $175K per ton. From June 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Brazil ($343K per ton), while the average price for exports to Poland ($5,528 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States
In 2022, imports of chromium and articles thereof; wrought other than waste and scrap into the United States contracted dramatically to 927 tons, shrinking by -45.6% on the year before. In general, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 5.5% against the previous year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap reduced to $14M in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 35%.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 15.3 | 7.2 | 9.6 | 9.0 | -16.2% |
| Germany | 0.5 | 0.5 | 1.3 | 1.9 | 56.0% |
| United Kingdom | 1.1 | 2.2 | 1.0 | 1.1 | 0.0% |
| China | 0.4 | 0.4 | 1.0 | 0.8 | 26.0% |
| South Africa | N/A | N/A | 0.7 | 0.3 | -57.1% |
| France | 4.7 | N/A | N/A | 0.1 | -72.3% |
| Spain | 0.6 | 0.2 | 0.6 | N/A | 0.0% |
| Others | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Total | 23.1 | 10.9 | 14.8 | 13.8 | -15.8% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to the United States in 2022:
- Russia (740.8 tons)
- United Kingdom (63.4 tons)
- Germany (41.2 tons)
- China (31.1 tons)
- South Africa (30.7 tons)
- Spain (9.3 tons)
- France (0.4 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States
For the third consecutive year, the United States recorded decline in overseas shipments of chromium and articles thereof; wrought other than waste and scrap, which decreased by -24.3% to 104 tons in 2022. Over the period under review, exports faced a precipitous descent. The smallest decline of -1.2% was in 2021.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap stood at $4.3M in 2022. Overall, exports recorded a precipitous decrease.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 613 | 426 | 614 | 794 | 9.0% |
| Mexico | 503 | 185 | 358 | 624 | 7.4% |
| China | 553 | 375 | 492 | 456 | -6.2% |
| Japan | 3,381 | 1,325 | 74.8 | 345 | -53.3% |
| United Kingdom | 738 | 462 | 90.5 | 293 | -26.5% |
| South Korea | 301 | 249 | 289 | 282 | -2.1% |
| Ireland | 263 | 107 | 191 | 207 | -7.7% |
| India | 103 | 269 | 54.1 | 192 | 23.1% |
| Brazil | 13.3 | 126 | 38.6 | 187 | 141.4% |
| Canada | 768 | 102 | 489 | 129 | -44.8% |
| Bolivia | N/A | 16.4 | N/A | 23.8 | 20.5% |
| Jamaica | N/A | N/A | N/A | 23.4 | 0% |
| Taiwan (Chinese) | 344 | 149 | N/A | 2.7 | -80.1% |
| Others | 1,646 | 1,705 | 1,464 | 778 | -22.1% |
| Total | 9,228 | 5,496 | 4,155 | 4,338 | -22.2% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from the United States in 2022:
- Canada (18.2 tons)
- China (12.6 tons)
- Mexico (11.3 tons)
- United Kingdom (9.6 tons)
- Japan (7.9 tons)
- Ireland (6.6 tons)
- India (5.6 tons)
- Brazil (5.5 tons)
- Jamaica (3.8 tons)
- Singapore (3.0 tons)
- Bolivia (2.9 tons)
- South Korea (2.7 tons)
- Taiwan (Chinese) (0.3 tons)
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