Chromium Trioxide Price in Turkey - 2023

Contents:

  1. Chromium Trioxide Price in Turkey (CIF) - 2023
  2. Chromium Trioxide Imports in Turkey

Chromium Trioxide Price in Turkey (CIF) - 2023

In September 2023, the average chromium trioxide import price amounted to $4,962 per ton, surging by 23% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in August 2023 an increase of 23% month-to-month. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,102 per ton), while the price for South Africa stood at $3,296 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.0%).

Chromium Trioxide Imports in Turkey

Chromium trioxide imports into Turkey surged to 964 tons in 2022, with an increase of 15% on 2021 figures. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, chromium trioxide imports surged to $3.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Chromium Trioxide in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,3141,3731,5331,5104.7%
South Africa4406795991,46249.2%
Kazakhstan25113539340116.9%
RussiaN/AN/AN/A74.30%
Germany26784.86.73.0-77.6%
Others87.07.349.10.9-78.2%
Total2,3592,2792,5813,45113.5%

Top Suppliers of Chromium Trioxide to Turkey in 2022:

  1. South Africa (447.7 tons)
  2. United States (368.6 tons)
  3. Kazakhstan (127.0 tons)
  4. Russia (19.8 tons)
  5. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform

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