Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (CIF) - 2023
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (CIF) - 2023
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $34,808 per ton in November 2023, rising by 66% against the previous month. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in April 2023 an increase of 228% m-o-m. As a result, import price attained the peak level of $68,353 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($107K per ton), while the price for China ($27,864 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Russia (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (FOB) - 2022
In 2022, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $142,818 per ton, picking up by 9.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $165,436 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($318,707 per ton), while the average price for exports to the United States ($69,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan
In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into Japan dropped to 317 tons, which is down by -12.7% on 2021 figures. In general, imports saw a slight slump. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 363 tons, and then dropped in the following year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap surged to $8.3M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 2.3 | 3.6 | 5.0 | 11.6% |
| Russia | 1.2 | 2.0 | 2.2 | 2.1 | 20.5% |
| South Africa | 0.6 | 0.4 | N/A | 0.7 | 5.3% |
| Germany | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| United States | 1.1 | 0.6 | 0.1 | 0.1 | -55.0% |
| Others | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Total | 7.1 | 5.8 | 6.4 | 8.3 | 5.3% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Japan in 2022:
- China (231.5 tons)
- Russia (40.0 tons)
- South Africa (35.0 tons)
- Germany (6.3 tons)
- United States (1.4 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan
For the third consecutive year, Japan recorded decline in shipments abroad of chromium and articles thereof; wrought other than waste and scrap, which decreased by -4.3% to 37 tons in 2022. Over the period under review, exports saw a abrupt downturn.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap amounted to $5.2M in 2022. Overall, exports recorded a abrupt setback.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 788 | 717 | 936 | 1,476 | 23.3% |
| China | 665 | 1,105 | 608 | 640 | -1.3% |
| Indonesia | 1,176 | 249 | 529 | 445 | -27.7% |
| Taiwan (Chinese) | 578 | 313 | 291 | 422 | -10.0% |
| Malaysia | 643 | 744 | 410 | 386 | -15.6% |
| United States | 556 | 447 | 481 | 340 | -15.1% |
| South Korea | 1,140 | 1,025 | 416 | 253 | -39.5% |
| India | 67.6 | 106 | 246 | 194 | 42.1% |
| Others | 614 | 539 | 1,093 | 1,092 | 21.2% |
| Total | 6,227 | 5,245 | 5,010 | 5,248 | -5.5% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Japan in 2022:
- Thailand (9.3 tons)
- China (6.1 tons)
- Indonesia (5.5 tons)
- United States (4.9 tons)
- Taiwan (Chinese) (2.3 tons)
- India (2.2 tons)
- Malaysia (2.1 tons)
- South Korea (0.8 tons)
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