Price for Chromium Oxides and Hydroxides in China - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in China (FOB) - 2022
- Price for Chromium Oxides and Hydroxides in China (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides in China
- Imports of Chromium Oxides and Hydroxides in China
Price for Chromium Oxides and Hydroxides in China (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $4,706 per ton in 2022, picking up by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. The export price peaked at $4,872 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($5,785 per ton), while the average price for exports to New Zealand ($3,518 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 (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in China (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $4,379 per ton in 2022, rising by 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The import price peaked at $4,505 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($81,550 per ton), while the price for Kazakhstan ($3,002 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chromium Oxides and Hydroxides in China
In 2022, chromium oxides and hydroxides exports from China soared to 14K tons, picking up by 17% compared with the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, chromium oxides and hydroxides exports surged to $64M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Chromium Oxides and Hydroxides in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.5 | 6.6 | 9.5 | 10.9 | 13.3% |
| United Kingdom | 0.1 | 0.3 | 1.3 | 6.4 | 300.0% |
| Spain | 0.9 | 0.4 | 2.2 | 5.9 | 87.2% |
| New Zealand | 0.4 | 0.4 | 2.4 | 5.4 | 138.1% |
| United States | 4.9 | 3.5 | 4.5 | 5.3 | 2.7% |
| South Korea | 3.6 | 2.9 | 4.7 | 4.1 | 4.4% |
| Netherlands | 1.3 | 1.0 | 2.7 | 2.4 | 22.7% |
| Mexico | 3.8 | 3.2 | 1.7 | 2.3 | -15.4% |
| Vietnam | 1.9 | 1.1 | 1.3 | 2.3 | 6.6% |
| India | 0.5 | 0.2 | 0.6 | 2.2 | 63.9% |
| Germany | 1.4 | 0.8 | 2.7 | 2.2 | 16.3% |
| United Arab Emirates | 0.1 | 0.2 | 0.5 | 2.1 | 175.9% |
| Thailand | 1.2 | 1.4 | 1.5 | 2.0 | 18.6% |
| Others | 7.4 | 8.9 | 11.7 | 10.9 | 13.8% |
| Total | 35.0 | 30.8 | 47.2 | 64.3 | 22.5% |
Top Export Markets for Chromium Oxides and Hydroxides from China in 2022:
- Japan (2097.6 tons)
- New Zealand (1528.2 tons)
- United Kingdom (1378.7 tons)
- Spain (1287.0 tons)
- United States (938.4 tons)
- South Korea (711.1 tons)
- United Arab Emirates (586.3 tons)
- India (583.5 tons)
- Mexico (482.5 tons)
- Netherlands (478.8 tons)
- Thailand (456.1 tons)
- Vietnam (419.5 tons)
- Germany (361.0 tons)
Imports of Chromium Oxides and Hydroxides in China
In 2022, the amount of chromium oxides and hydroxideses imported into China fell dramatically to 2.3K tons, declining by -75% on the previous year. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 9.2K tons, and then contracted markedly in the following year.
In value terms, chromium oxides and hydroxides imports fell significantly to $10M in 2022. In general, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of $28M, and then declined rapidly in the following year.
| Import of Chromium Oxides and Hydroxides in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 6.0 | 5.4 | 4.9 | 4.9 | -6.5% |
| United States | 3.0 | 1.5 | 2.1 | 2.2 | -9.8% |
| Germany | 2.0 | 1.9 | 3.1 | 1.2 | -15.7% |
| Turkey | 1.9 | 1.8 | 1.4 | 0.9 | -22.0% |
| Kazakhstan | 1.7 | 2.7 | 14.9 | 0.3 | -43.9% |
| Russia | 8.5 | 4.0 | 0.8 | N/A | -69.3% |
| India | 0.7 | 0.5 | N/A | N/A | -28.6% |
| Others | 0.5 | 0.4 | 0.7 | 0.5 | 0.0% |
| Total | 24.3 | 18.3 | 28.0 | 10.0 | -25.6% |
Top Suppliers of Chromium Oxides and Hydroxides to China in 2022:
- India (undefined tons)
- South Africa (1255.3 tons)
- United States (512.4 tons)
- Turkey (305.8 tons)
- Kazakhstan (107.9 tons)
- Germany (87.3 tons)
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