Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore (CIF) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore (CIF) - 2022
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $82,949 per ton in 2022, rising by 179% against the previous year. Overall, the import price recorded a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 518% against the previous year. The import price peaked at $214,150 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,613,960 per ton), while the price for China ($12,602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+15.3%), 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 Singapore (FOB) - 2022
In 2022, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $141,525 per ton, growing by 23% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 776% against the previous year. Over the period under review, the average export prices attained the peak figure at $274,338 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 Japan ($154,590 per ton), while the average price for exports to Thailand ($42,000 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 Thailand (+8.6%), 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 Singapore
Imports of chromium and articles thereof; wrought other than waste and scrap into Singapore reduced remarkably to 51 tons in 2022, dropping by -63.2% against the year before. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 471% against the previous year. As a result, imports reached the peak of 139 tons, and then declined rapidly in the following year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap amounted to $4.2M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,897 | 2,271 | 2,813 | 2,813 | 14.0% |
| United States | 410 | 246 | 428 | 1,175 | 42.0% |
| Taiwan (Chinese) | 6.4 | 88.5 | 128 | 147 | 184.3% |
| China | 0.1 | 1.7 | 54.0 | 81.4 | 833.7% |
| South Africa | 53.0 | 38.6 | 39.3 | N/A | -13.9% |
| Brazil | N/A | N/A | 363 | N/A | 0% |
| Others | 52.8 | 129 | 298 | 15.3 | -33.8% |
| Total | 2,419 | 2,776 | 4,124 | 4,232 | 20.5% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Singapore in 2022:
- United States (40.8 tons)
- China (6.5 tons)
- Taiwan (Chinese) (2.5 tons)
- Japan (1.1 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore
Exports of chromium and articles thereof; wrought other than waste and scrap from Singapore fell dramatically to 938 kg in 2022, which is down by -85.4% compared with 2021. Over the period under review, exports saw a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 177% against the previous year. As a result, the exports attained the peak of 6.4 tons, and then contracted notably in the following year.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap fell rapidly to $133K in 2022. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $740K, and then shrank dramatically in the following year.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 571 | 621 | 591 | 112 | -41.9% |
| Malaysia | 0.5 | 9.7 | 9.3 | 14.5 | 207.2% |
| Indonesia | 13.0 | 6.5 | 1.4 | 4.1 | -31.9% |
| China | 28.0 | N/A | N/A | 1.0 | -67.1% |
| Hong Kong SAR | 43.9 | N/A | N/A | N/A | 0% |
| Australia | 6.5 | N/A | 130 | N/A | 347.2% |
| Others | 3.1 | 0.8 | 8.4 | 1.5 | -21.5% |
| Total | 666 | 638 | 740 | 133 | -41.5% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Singapore in 2022:
- Japan (722.0 kg)
- Malaysia (146.0 kg)
- Indonesia (48.0 kg)
- China (9.0 kg)
427
This report provides an in-depth analysis of the beryllium market in Singapore.
544
This report provides an in-depth analysis of the chromium market in Singapore.
233
This report provides an in-depth analysis of the market for inorganic oxygen compounds of non-metals in Singapore.
423
This report provides an in-depth analysis of the silicon dioxide market in Singapore.
642
This report provides an in-depth analysis of the carbon dioxide market in Singapore.
516
This report provides an in-depth analysis of the lubricating oil additive market in Singapore.
1138
This report provides an in-depth analysis of the global beryllium market.
1993
This report provides an in-depth analysis of the global chromium market.
369
This report provides an in-depth analysis of the global market for inorganic oxygen compounds of non-metals.
1513
This report provides an in-depth analysis of the global silicon dioxide market.
688
Global chromium exports totaled $447M in 2018. After bottoming out from 2015-2016, it increased robustly over the last two years.
127
Explore the top import markets for lubricating oil additives, including China, Belgium, Germany, and more. Get key statistics and market insights from the IndexBox platform.
688
Global chromium exports totaled $447M in 2018. After bottoming out from 2015-2016, it increased robustly over the last two years.
