Chromium Trioxide Price in South Korea - 2022
Contents:
- Chromium Trioxide Price in South Korea (CIF) - 2022
- Chromium Trioxide Price in South Korea (FOB) - 2022
- Chromium Trioxide Imports in South Korea
- Chromium Trioxide Exports in South Korea
Chromium Trioxide Price in South Korea (CIF) - 2022
In 2022, the average chromium trioxide import price amounted to $3,268 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The import price peaked at $4,623 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($4,100 per ton), while the price for India ($2,196 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 (-1.0%), while the prices for the other major suppliers experienced a decline.
Chromium Trioxide Price in South Korea (FOB) - 2022
The average chromium trioxide export price stood at $3,341 per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 an increase of 9% against the previous year. The export price peaked at $5,414 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($4,186 per ton) and Vietnam ($3,559 per ton), while the average price for exports to India ($2,914 per ton) and Taiwan (Chinese) ($2,990 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Chromium Trioxide Imports in South Korea
In 2022, approx. 4.3K tons of chromium trioxides were imported into South Korea; which is down by -6.9% on the year before. In general, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year.
In value terms, chromium trioxide imports declined to $14M in 2022. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 14%.
| Import of Chromium Trioxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.0 | 4.2 | 4.1 | 4.0 | -7.2% |
| United States | 4.8 | 3.6 | 4.1 | 3.8 | -7.5% |
| Turkey | 3.4 | 3.2 | 3.7 | 3.4 | 0.0% |
| India | 1.5 | 1.2 | 1.7 | 1.5 | 0.0% |
| China | 0.6 | 0.5 | 0.8 | 0.7 | 5.3% |
| South Africa | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Kazakhstan | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.8 | 13.1 | 14.9 | 14.0 | -4.0% |
Top Suppliers of Chromium Trioxide to South Korea in 2022:
- Turkey (1246.6 tons)
- Japan (1009.2 tons)
- United States (919.9 tons)
- India (700.4 tons)
- China (235.4 tons)
- South Africa (113.1 tons)
- Kazakhstan (65.6 tons)
Chromium Trioxide Exports in South Korea
In 2022, chromium trioxide exports from South Korea fell to 422 tons, which is down by -8.2% against 2021 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of 460 tons, and then declined in the following year.
In value terms, chromium trioxide exports dropped to $1.4M in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $1.6M, and then reduced in the following year.
| Export of Chromium Trioxide in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 558 | 449 | 520 | 449 | -7.0% |
| Japan | 335 | 203 | 419 | 362 | 2.6% |
| Malaysia | 185 | 493 | 251 | 263 | 12.4% |
| Taiwan (Chinese) | 1.5 | 0.7 | 222 | 192 | 404.0% |
| Vietnam | 260 | 125 | 127 | 145 | -17.7% |
| Others | 8.2 | N/A | 10.0 | N/A | 10.4% |
| Total | 1,348 | 1,271 | 1,550 | 1,411 | 1.5% |
Top Export Markets for Chromium Trioxide from South Korea in 2022:
- India (154.0 tons)
- Japan (86.4 tons)
- Malaysia (76.9 tons)
- Taiwan (Chinese) (64.1 tons)
- Vietnam (40.8 tons)
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