Chromium Trioxide Price in Thailand - 2023
Contents:
- Chromium Trioxide Price in Thailand (CIF) - 2023
- Chromium Trioxide Price in Thailand (FOB) - 2022
- Chromium Trioxide Imports in Thailand
- Chromium Trioxide Exports in Thailand
Chromium Trioxide Price in Thailand (CIF) - 2023
The average chromium trioxide import price stood at $3,576 per ton in September 2023, with an increase of 2.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 10% m-o-m. The import price peaked at $3,936 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($35,374 per ton), while the price for South Africa ($3,529 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 Japan (+23.8%), while the prices for the other major suppliers experienced a decline.
Chromium Trioxide Price in Thailand (FOB) - 2022
The average chromium trioxide export price stood at $3,357 per ton in 2022, increasing by 32% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. Over the period under review, the average export prices hit record highs at $4,951 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -0.7% per year.
Chromium Trioxide Imports in Thailand
In 2022, approx. 1.5K tons of chromium trioxides were imported into Thailand; which is down by -2.6% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 1.6K tons, and then dropped modestly in the following year.
In value terms, chromium trioxide imports soared to $5.5M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Chromium Trioxide in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,263 | 994 | 1,566 | 1,777 | 12.1% |
| China | 453 | 547 | 938 | 1,148 | 36.3% |
| Kazakhstan | 1,055 | 710 | 1,042 | 1,095 | 1.2% |
| United States | 791 | 561 | 544 | 745 | -2.0% |
| Turkey | 592 | 591 | 292 | 445 | -9.1% |
| Japan | 137 | 213 | 279 | 326 | 33.5% |
| Others | 99.2 | 94.3 | 90.8 | 12.7 | -49.6% |
| Total | 4,389 | 3,710 | 4,753 | 5,549 | 8.1% |
Top Suppliers of Chromium Trioxide to Thailand in 2022:
- South Africa (504.0 tons)
- Kazakhstan (306.0 tons)
- China (301.1 tons)
- United States (198.0 tons)
- Turkey (126.0 tons)
- Japan (90.0 tons)
Chromium Trioxide Exports in Thailand
In 2022, overseas shipments of chromium trioxides increased by 30% to 23 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep downturn.
In value terms, chromium trioxide exports surged to $78K in 2022. In general, exports, however, showed a abrupt contraction.
| Export of Chromium Trioxide in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 133 | 66.1 | 45.8 | 78.2 | -16.2% |
| South Korea | N/A | 34.5 | N/A | N/A | 0% |
| Others | 0.3 | 10.0 | N/A | N/A | 3233.3% |
| Total | 134 | 111 | 45.8 | 78.2 | -16.4% |
Top Export Markets for Chromium Trioxide from Thailand in 2022:
- Japan (23.3 tons)
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