Chromium Trioxide Price in Mexico - 2023
Contents:
- Chromium Trioxide Price in Mexico (CIF) - 2023
- Chromium Trioxide Price in Mexico (FOB) - 2022
- Chromium Trioxide Imports in Mexico
- Chromium Trioxide Exports in Mexico
Chromium Trioxide Price in Mexico (CIF) - 2023
The average chromium trioxide import price stood at $3,584 per ton in August 2023, approximately equating the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 19% m-o-m. The import price peaked at $3,813 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -0.5% per month.
Chromium Trioxide Price in Mexico (FOB) - 2022
The average chromium trioxide export price stood at $2,204 per ton in 2022, which is down by -52.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 116% against the previous year. Over the period under review, the average export prices hit record highs at $8,174 per ton in 2019; however, from 2020 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.8% per year.
Chromium Trioxide Imports in Mexico
After two years of decline, purchases abroad of chromium trioxides increased by 63% to 504 tons in 2022. Over the period under review, imports, however, faced a sharp descent.
In value terms, chromium trioxide imports surged to $1.7M in 2022. Overall, imports, however, continue to indicate a precipitous curtailment.
| Import of Chromium Trioxide in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,319 | 1,660 | 243 | 1,749 | -9.0% |
| Kazakhstan | 419 | 462 | 244 | N/A | -23.7% |
| Argentina | 315 | 331 | 167 | N/A | -27.2% |
| China | 61.8 | 38.6 | 18.3 | N/A | -45.6% |
| India | 28.4 | 28.4 | 12.6 | N/A | -33.4% |
| South Africa | 158 | 133 | 94.0 | N/A | -22.9% |
| Estonia | 79.8 | 67.9 | 27.7 | N/A | -41.1% |
| Others | 81.8 | 283 | 62.1 | N/A | -12.9% |
| Total | 3,462 | 3,003 | 868 | 1,749 | -20.4% |
Top Suppliers of Chromium Trioxide to Mexico in 2022:
- United States (503.9 tons)
Chromium Trioxide Exports in Mexico
In 2022, the amount of chromium trioxides exported from Mexico soared to 2 tons, increasing by 58% on the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 188% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, chromium trioxide exports shrank markedly to $4.4K in 2022. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 139%.
| Export of Chromium Trioxide in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 0.4 | 0.3 | 4.4 | 14.9% |
| Costa Rica | 0.6 | 0.2 | 0.6 | N/A | 0.0% |
| Panama | 4.5 | 1.6 | 4.4 | N/A | -1.1% |
| El Salvador | 0.5 | 0.2 | 0.4 | N/A | -10.6% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 8.6 | 2.4 | 5.8 | 4.4 | -20.0% |
Top Export Markets for Chromium Trioxide from Mexico in 2022:
- United States (2.0 tons)
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