Chromium Trioxide Price in Pakistan - 2023
Contents:
- Chromium Trioxide Price in Pakistan (CIF) - 2022
- Chromium Trioxide Price in Pakistan (FOB) - 2022
- Chromium Trioxide Imports in Pakistan
- Chromium Trioxide Exports in Pakistan
Chromium Trioxide Price in Pakistan (CIF) - 2022
The average chromium trioxide import price stood at $3,558 per ton in 2022, surging by 38% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. 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 Kazakhstan ($21,000 per ton), while the price for Russia ($2,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Chromium Trioxide Price in Pakistan (FOB) - 2022
The average chromium trioxide export price stood at $1,101 per ton in 2022, dropping by -4.6% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2016 an increase of 86% against the previous year. The export price peaked at $5,923 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($2,861 per ton), while the average price for exports to Tanzania stood at $1,023 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-4.5%).
Chromium Trioxide Imports in Pakistan
In 2022, approx. 429 tons of chromium trioxides were imported into Pakistan; with a decrease of -64.5% compared with the previous year. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. As a result, imports reached the peak of 1.2K tons, and then shrank significantly in the following year.
In value terms, chromium trioxide imports fell dramatically to $1.5M in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of $3.1M, and then dropped remarkably in the following year.
| Import of Chromium Trioxide in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 575 | 629 | 1,937 | 990 | 19.9% |
| United States | 270 | 269 | 243 | 139 | -19.9% |
| Kazakhstan | 164 | 174 | 231 | 138 | -5.6% |
| India | 142 | 154 | 209 | 127 | -3.7% |
| China | 481 | 279 | 256 | 46.7 | -54.0% |
| United Arab Emirates | 58.1 | 45.8 | 46.2 | 26.6 | -22.9% |
| Russia | 184 | 111 | 83.0 | 18.7 | -53.3% |
| Others | 70.3 | 64.7 | 111 | 41.1 | -16.4% |
| Total | 1,945 | 1,727 | 3,115 | 1,528 | -7.7% |
Top Suppliers of Chromium Trioxide to Pakistan in 2022:
- Turkey (337.3 tons)
- United States (36.1 tons)
- India (14.6 tons)
- China (13.0 tons)
- United Arab Emirates (9.3 tons)
- Kazakhstan (6.6 tons)
- Russia (6.6 tons)
Chromium Trioxide Exports in Pakistan
In 2022, chromium trioxide exports from Pakistan soared to 1.7 tons, rising by 46% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, chromium trioxide exports surged to $1.9K in 2022. In general, exports, however, saw a dramatic descent.
| Export of Chromium Trioxide in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1.3 | 2.4 | 1.4 | 1.7 | 9.4% |
| Uzbekistan | N/A | N/A | N/A | 0.2 | 0% |
| Sri Lanka | 4.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 2.4 | 1.4 | 1.9 | -31.5% |
Top Export Markets for Chromium Trioxide from Pakistan in 2022:
- Tanzania (1638.0 kg)
- Uzbekistan (72.0 kg)
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