Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India - 2023

Contents:

1. Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India (CIF) - 2022
2. Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India (FOB) - 2022
3. Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India
4. Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India

Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India (CIF) - 2022

The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $17,689 per ton in 2022, picking up by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The import price peaked at $18,509 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 ($156,602 per ton), while the price for China ($8,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India (FOB) - 2022

In 2022, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $4,251 per ton, with a decrease of -80.2% against the previous year. Over the period under review, the export price recorded a sharp downturn. The pace of growth was the most pronounced in 2014 an increase of 41%. Over the period under review, the average export prices hit record highs at $76,638 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($8,562 per ton), while the average price for exports to Bangladesh amounted to $504 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+63.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India

In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into India soared to 156 tons, jumping by 20% compared with the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 +82.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of chromium and articles thereof; wrought other than waste and scrap surged to $2.8M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to India in 2022:

1. United States (69.7 tons)
2. China (47.0 tons)
3. United Kingdom (31.4 tons)
4. Germany (3.7 tons)
5. France (0.1 tons)

Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in India

In 2022, approx. 2.2 tons of chromium and articles thereof; wrought other than waste and scrap were exported from India; increasing by 2,520% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 20,524% against the previous year. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of chromium and articles thereof; wrought other than waste and scrap soared to $9.5K in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 28,920%. As a result, the exports attained the peak of $285K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from India in 2022:

1. Bangladesh (1222.0 kg)
2. United Arab Emirates (996.0 kg)

Source: IndexBox Market Intelligence Platform