Chromium Trioxide Price in India - 2023
Contents:
- Chromium Trioxide Price in India (FOB) - 2023
- Chromium Trioxide Price in India (CIF) - 2023
- Chromium Trioxide Exports in India
- Chromium Trioxide Imports in India
Chromium Trioxide Price in India (FOB) - 2023
In September 2023, the average chromium trioxide export price amounted to $3,176 per ton, remaining constant against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 8.3% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,634 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was South Korea ($3,476 per ton), while the average price for exports to Brazil ($3,015 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.7%), while the prices for the other major destinations experienced a decline.
Chromium Trioxide Price in India (CIF) - 2023
In September 2023, the average chromium trioxide import price amounted to $2,980 per ton, almost unchanged from the previous month. Over the period under review, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in November 2022 an increase of 17% m-o-m. As a result, import price reached the peak level of $4,195 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($6,657 per ton), while the price for Turkey ($2,890 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 the Netherlands (+5.3%), while the prices for the other major suppliers experienced a decline.
Chromium Trioxide Exports in India
In 2022, approx. 5.3K tons of chromium trioxides were exported from India; rising by 4.7% against 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 74%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, chromium trioxide exports soared to $19M in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Chromium Trioxide in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.6 | 3.9 | 5.7 | 8.7 | 75.8% |
| South Korea | 1.4 | 1.1 | 1.7 | 2.6 | 22.9% |
| United States | 0.2 | 1.1 | 1.1 | 1.7 | 104.1% |
| Australia | 0.1 | 0.2 | 1.0 | 1.5 | 146.6% |
| New Zealand | 0.3 | 0.4 | 0.8 | 1.3 | 63.0% |
| Taiwan (Chinese) | 0.4 | 0.2 | 0.4 | 0.7 | 20.5% |
| Iran | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Malaysia | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Japan | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Saudi Arabia | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.6 | 0.5 | 0.8 | 1.1 | 22.4% |
| Total | 5.2 | 8.1 | 12.2 | 18.6 | 52.9% |
Top Export Markets for Chromium Trioxide from India in 2022:
- Brazil (2353.7 tons)
- South Korea (808.3 tons)
- United States (443.8 tons)
- Australia (431.4 tons)
- New Zealand (349.2 tons)
- Saudi Arabia (209.5 tons)
- Taiwan (Chinese) (180.2 tons)
- Malaysia (82.2 tons)
- Iran (81.0 tons)
- Japan (70.5 tons)
Chromium Trioxide Imports in India
In 2022, chromium trioxide imports into India expanded modestly to 3.2K tons, surging by 3.2% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, chromium trioxide imports surged to $12M in 2022. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Trioxide in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 2.0 | 1.8 | 3.1 | 4.7% |
| Estonia | 1.7 | 1.6 | 1.9 | 2.9 | 19.5% |
| Kazakhstan | 1.3 | 0.7 | 1.5 | 2.2 | 19.2% |
| Turkey | 0.7 | 0.4 | 1.0 | 1.5 | 28.9% |
| South Korea | 0.5 | 0.3 | 0.7 | 1.0 | 26.0% |
| South Africa | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Belgium | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Others | 0.9 | 0.3 | 0.2 | 0.5 | -17.8% |
| Total | 8.5 | 6.0 | 7.8 | 12.1 | 12.5% |
Top Suppliers of Chromium Trioxide to India in 2022:
- Estonia (807.4 tons)
- United States (785.1 tons)
- Kazakhstan (596.7 tons)
- Turkey (438.8 tons)
- South Korea (211.6 tons)
- South Africa (122.9 tons)
- Belgium (82.9 tons)
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