Chromium Trioxide Price in Singapore - 2022
Contents:
- Chromium Trioxide Price in Singapore (CIF) - 2022
- Chromium Trioxide Price in Singapore (FOB) - 2022
- Chromium Trioxide Imports in Singapore
- Chromium Trioxide Exports in Singapore
Chromium Trioxide Price in Singapore (CIF) - 2022
In 2022, the average chromium trioxide import price amounted to $5,850 per ton, increasing by 79% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium trioxide import price increased by +79.9% against 2020 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 Japan ($9,175 per ton), while the price for Turkey ($4,630 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Chromium Trioxide Price in Singapore (FOB) - 2022
The average chromium trioxide export price stood at $8,764 per ton in 2022, rising by 87% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 350%. As a result, the export price reached the peak level of $30,548 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +0.9% per year.
Chromium Trioxide Imports in Singapore
In 2022, imports of chromium trioxides into Singapore dropped rapidly to 121 tons, which is down by -22.6% on 2021 figures. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year.
In value terms, chromium trioxide imports surged to $706K in 2022. In general, imports, however, saw slight growth. The pace of growth was the most pronounced in 2021 with an increase of 85%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chromium Trioxide in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 201 | 99.8 | 98.6 | 225 | 3.8% |
| Japan | 219 | 56.6 | 109 | 217 | -0.3% |
| South Africa | 125 | 62.2 | 59.4 | 139 | 3.6% |
| India | 132 | 24.1 | 46.6 | 115 | -4.5% |
| China | N/A | 24.1 | 122 | N/A | 406.2% |
| United States | N/A | 7.5 | 69.9 | N/A | 832.0% |
| Others | 1.1 | 2.2 | 5.1 | 9.8 | 107.3% |
| Total | 680 | 276 | 510 | 706 | 1.3% |
Top Suppliers of Chromium Trioxide to Singapore in 2022:
- Turkey (48.7 tons)
- South Africa (24.5 tons)
- Japan (23.7 tons)
- India (22.2 tons)
Chromium Trioxide Exports in Singapore
In 2022, shipments abroad of chromium trioxides decreased by -32.3% to 11 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 170%. As a result, the exports attained the peak of 17 tons, and then fell rapidly in the following year.
In value terms, chromium trioxide exports skyrocketed to $99K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chromium Trioxide in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 22.8 | 30.7 | 52.3 | 98.8 | 63.0% |
| Malaysia | N/A | 7.5 | 4.1 | N/A | -45.3% |
| Sri Lanka | N/A | N/A | 19.2 | N/A | 0% |
| Others | 1.1 | 1.0 | 2.3 | N/A | 44.6% |
| Total | 23.8 | 39.2 | 78.0 | 98.8 | 60.7% |
Top Export Markets for Chromium Trioxide from Singapore in 2022:
- Indonesia (11.3 tons)
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