Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Indonesia - 2022

Contents:

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

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

In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $30,495 per ton, increasing by 40% against the previous year. Overall, the import price, however, continues to indicate a slight decline. Over the period under review, average import prices hit record highs at $45,985 per ton in 2013; however, from 2014 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 Germany ($139,225 per ton), while the price for China ($10,841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $19,000 per ton in 2022, reducing by -1.7% against the previous year. Over the period under review, the export price recorded a slight descent. The growth pace was the most rapid in 2015 an increase of 350%. The export price peaked at $37,667 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($25,000 per ton), while the average price for exports to the Philippines stood at $13,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.8%).

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

In 2022, supplies from abroad of chromium and articles thereof; wrought other than waste and scrap decreased by -71.5% to 2 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. As a result, imports attained the peak of 7.9 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of chromium and articles thereof; wrought other than waste and scrap reduced remarkably to $62K in 2022. Overall, imports recorded a precipitous descent. The growth pace was the most rapid in 2020 when imports increased by 61% against the previous year. As a result, imports reached the peak of $255K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany26.750.76.225.3-1.8%
China15.427.111.310.9-10.9%
Japan12.721.274.98.9-11.2%
FranceN/AN/AN/A8.20%
Singapore3.80.81.18.128.7%
Sweden53.185.334.4N/A-19.5%
Taiwan (Chinese)7.02.02.2N/A-43.9%
Australia39.557.821.2N/A-26.7%
Others0.710.55.10.98.7%
Total15925515762.4-26.8%

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

  1. China (1005.0 kg)
  2. Japan (578.0 kg)
  3. Singapore (205.0 kg)
  4. Germany (182.0 kg)
  5. France (65.0 kg)

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

In 2022, shipments abroad of chromium and articles thereof; wrought other than waste and scrap decreased by -33.3% to 2 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 3 kg, and then fell notably in the following year.

In value terms, exports of chromium and articles thereof; wrought other than waste and scrap dropped notably to $38 in 2022. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 222%.

Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Indonesia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives61.017.011.025.0-25.7%
PhilippinesN/AN/AN/A13.00%
GabonN/AN/A2.0N/A0%
AustriaN/A1.0N/AN/A0%
MalaysiaN/AN/A45.0N/A0%
OthersN/AN/AN/AN/A0%
Total61.018.058.038.0-14.6%

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

  1. Philippines (1.0 kg)
  2. Maldives (1.0 kg)

Source: IndexBox Market Intelligence Platform

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