Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil - 2024

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (CIF) - 2022
  2. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (FOB) - 2022
  3. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil
  4. Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (CIF) - 2022

In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $5,226 per ton, rising by 17% against the previous year. In general, the import price, however, saw a noticeable descent. The import price peaked at $6,430 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($6,874 per ton), while the price for Spain ($4,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (FOB) - 2022

In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $9,102 per ton, growing by 36% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chromium oxides and hydroxides; excluding chromium trioxides increased by +87.6% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($11,010 per ton), while the average price for exports to Argentina stood at $7,050 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil

In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into Brazil reduced to 1.2K tons, approximately equating the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 1.2K tons, leveling off in the following year.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $6.1M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India6037501,7892,23554.8%
Germany1,4961,4641,3781,7906.2%
United States7724521,3617750.1%
China3921401814948.0%
Spain2.934.4N/A451437.8%
Russia1562443521937.4%
Hong Kong SAR21.920.323.716596.0%
Switzerland14755.4N/AN/A-62.3%
Others1841481703.7-72.8%
Total3,7763,3095,2556,10717.4%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Brazil in 2022:

  1. India (450.0 tons)
  2. Germany (315.3 tons)
  3. United States (142.6 tons)
  4. Spain (100.0 tons)
  5. China (96.4 tons)
  6. Russia (40.0 tons)
  7. Hong Kong SAR (24.0 tons)

Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil

In 2022, approx. 2.1 tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from Brazil; which is down by -58.7% compared with 2021. In general, exports showed a significant decline. The smallest decline of -22.7% was in 2020.

In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides declined sharply to $19K in 2022. Over the period under review, exports continue to indicate a significant contraction. The smallest decline of -22% was in 2020.

Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
UruguayN/AN/AN/A11.80%
ArgentinaN/A19.51.07.0-40.1%
ParaguayN/A32.6N/AN/A0%
Colombia60.9N/AN/AN/A0%
GuatemalaN/AN/A32.6N/A0%
Jamaica9.0N/AN/AN/A0%
Others1.73.8N/AN/A123.5%
Total71.655.933.618.9-35.9%

Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Brazil in 2022:

  1. Uruguay (1.1 tons)
  2. Argentina (1.0 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Chromium oxides and hydroxides; excluding chromium trioxide - Brazil