Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia - 2024
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia (CIF) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia (CIF) - 2022
In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $12,070 per ton, growing by 55% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $12,608 per ton in 2014; however, from 2015 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 France ($21,262 per ton), while the price for the United States ($3,311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), 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 Malaysia (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $41,244 per ton in 2022, shrinking by -95.5% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 863%. The export price peaked at $918,182 per ton in 2021, and then declined remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +85.0% per year.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia
In 2022, imports of chromium and articles thereof; wrought other than waste and scrap into Malaysia soared to 176 tons, growing by 29% against the previous year. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap surged to $2.1M in 2022. Overall, imports posted a significant increase. As a result, imports reached 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 Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.4 | 10.7 | 107 | 1,422 | 298.9% |
| United Kingdom | 191 | 144 | 202 | 372 | 24.9% |
| United States | 136 | 41.9 | 84.8 | 134 | -0.5% |
| France | 62.4 | N/A | N/A | 128 | 27.1% |
| Japan | 77.6 | 299 | 24.4 | 30.3 | -26.9% |
| Netherlands | N/A | 309 | 586 | 13.6 | -79.0% |
| Germany | 104 | 4.0 | 43.1 | 1.6 | -75.1% |
| Russia | 267 | 158 | N/A | N/A | -40.8% |
| Others | 24.0 | 21.1 | 19.2 | 24.7 | 1.0% |
| Total | 884 | 987 | 1,066 | 2,126 | 34.0% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Malaysia in 2022:
- China (103.6 tons)
- United States (40.4 tons)
- United Kingdom (20.4 tons)
- France (6.0 tons)
- Japan (2.5 tons)
- Netherlands (2.0 tons)
- Germany (0.2 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia
In 2022, shipments abroad of chromium and articles thereof; wrought other than waste and scrap decreased by -88.9% to 90 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 237% against the previous year. As a result, the exports reached the peak of 875 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap declined rapidly to $3.7K in 2022. Over the period under review, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 248%.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.8 | 32.7 | 44.8 | 3.7 | -40.8% |
| Vietnam | N/A | 315 | 584 | N/A | 85.4% |
| Thailand | 131 | 153 | 119 | N/A | -4.7% |
| Others | 0.2 | 16.7 | N/A | N/A | 8250.0% |
| Total | 149 | 518 | 747 | 3.7 | -70.8% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Malaysia in 2022:
- United States (90.0 kg)
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