Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $8,415 per ton, increasing by 68% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium oxides and hydroxides; excluding chromium trioxides increased by +86.1% against 2019 indices. As a result, import price reached 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 the United States ($20,587 per ton), while the price for Russia ($5,362 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $1,367 per ton in 2022, shrinking by -24.1% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 364% against the previous year. The export price peaked at $2,884 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($27,800 per ton), while the average price for exports to Maldives ($798 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 Malaysia (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand
In 2022, approx. 316 tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into Thailand; increasing by 8.8% compared with 2021 figures. In general, imports, however, continue to indicate a deep setback.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $2.7M in 2022. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.6 | 77.3 | 43.6 | 1,042 | 161.0% |
| China | 780 | 823 | 582 | 847 | 2.8% |
| Germany | 434 | 238 | 376 | 476 | 3.1% |
| Japan | 32.7 | 44.3 | 146 | 161 | 70.1% |
| Russia | 392 | 75.4 | 272 | 107 | -35.1% |
| Others | 1.4 | 0.5 | 33.2 | 26.0 | 164.8% |
| Total | 1,699 | 1,258 | 1,452 | 2,659 | 16.1% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Thailand in 2022:
- China (154.5 tons)
- Germany (74.3 tons)
- United States (50.6 tons)
- Russia (20.0 tons)
- Japan (14.6 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand
Exports of chromium oxides and hydroxides; excluding chromium trioxides from Thailand reduced notably to 6.4 tons in 2022, shrinking by -80.1% against 2021 figures. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 169%. As a result, the exports reached the peak of 32 tons, and then dropped remarkably in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides declined markedly to $8.7K in 2022. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. As a result, the exports attained the peak of $58K, and then fell sharply in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 7.7 | 4.8 | N/A | 4.8 | -14.6% |
| Vietnam | N/A | N/A | N/A | 3.0 | 0% |
| Lao People's Democratic Republic | 2.1 | 1.9 | 10.5 | 0.2 | -54.3% |
| Malaysia | N/A | 16.5 | N/A | 0.1 | -92.2% |
| South Korea | 3.2 | N/A | N/A | N/A | 0% |
| Indonesia | 13.2 | N/A | 20.1 | N/A | 23.4% |
| Myanmar | N/A | 0.6 | 26.9 | N/A | 4383.3% |
| Others | N/A | 3.2 | N/A | 0.5 | -60.5% |
| Total | 26.2 | 27.1 | 57.6 | 8.7 | -30.8% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Thailand in 2022:
- Maldives (6.0 tons)
- Vietnam (0.2 tons)
- Lao People's Democratic Republic (0.1 tons)
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