Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (FOB) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (CIF) - 2022
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $18,305 per ton in 2022, picking up by 7.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The export price peaked at $29,796 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.6% per year.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $128,946 per ton, increasing by 20% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 138% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Germany ($249,961 per ton), while the price for France ($93,725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR
In 2022, overseas shipments of chromium and articles thereof; wrought other than waste and scrap were finally on the rise to reach 39 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a drastic downturn.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap soared to $715K in 2022. Over the period under review, exports, however, showed a abrupt decrease.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 972 | 508 | 505 | 666 | -11.8% |
| Others | 152 | 43.7 | 22.1 | 49.8 | -31.1% |
| Total | 1,125 | 551 | 527 | 715 | -14.0% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Hong Kong SAR in 2022:
- China (38.6 tons)
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR
In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into Hong Kong SAR reduced remarkably to 478 kg, shrinking by -42.2% on the year before. Over the period under review, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 172%.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap dropped dramatically to $62K in 2022. Overall, imports faced a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 214%.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 66.3 | 27.4 | -58.7% |
| France | 63.7 | 28.3 | N/A | 21.5 | -30.4% |
| Germany | N/A | N/A | 22.0 | 12.7 | -42.3% |
| United States | 87.6 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 63.2 | N/A | N/A | N/A | 0% |
| Italy | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 216 | 28.3 | 89.0 | 61.6 | -34.2% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Hong Kong SAR in 2022:
- France (229.0 kg)
- Netherlands (198.0 kg)
- Germany (51.0 kg)
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