Price for Chromium Oxides and Hydroxides in Chile - 2023

Price for Chromium Oxides and Hydroxides in Chile (CIF) - 2022

In 2022, the average chromium oxides and hydroxides import price amounted to $3,577 per ton, growing by 39% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. Over the period under review, average import prices hit record highs at $4,104 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($4,191 per ton) and Kazakhstan ($3,940 per ton), while the price for the United States ($2,849 per ton) and Turkey ($3,323 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Chromium Oxides and Hydroxides in Chile (FOB) - 2022

In February 2022, the average chromium oxides and hydroxides export price amounted to $3,635 per ton, stabilizing at the previous month. Over the period under review, the export price saw measured growth. The export price peaked at $3,695 per ton in November 2021; however, from December 2021 to February 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From May 2021 to February 2022, the rate of growth in terms of prices for Brazil amounted to +2.4% per month.

Imports of Chromium Oxides and Hydroxides in Chile

In 2022, approx. 1.5K tons of chromium oxides and hydroxideses were imported into Chile; growing by 5.6% on the previous year. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chromium oxides and hydroxides imports soared to $5.5M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, 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 Oxides and Hydroxides in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	3.2	2.8	2.2	3.1	-1.1%
Kazakhstan	0.4	0.5	0.7	1.7	62.0%
China	N/A	0.2	0.2	0.6	73.2%
United States	0.1	0.1	0.4	0.1	0.0%
Others	0.2	0.2	0.3	N/A	22.5%
Total	3.9	3.8	3.8	5.5	12.1%

Top Suppliers of Chromium Oxides and Hydroxides to Chile in 2022:

Turkey (934.7 tons)
Kazakhstan (430.0 tons)
China (147.2 tons)
United States (25.4 tons)

Exports of Chromium Oxides and Hydroxides in Chile

Chromium oxides and hydroxides exports from Chile dropped to 41 tons in 2022, which is down by -6.8% on 2021 figures. Overall, exports saw a abrupt shrinkage.

In value terms, chromium oxides and hydroxides exports contracted modestly to $147K in 2022. Over the period under review, exports saw a relatively flat trend pattern.