Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,532 per ton in 2022, rising by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $7,850 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 Germany ($8,123 per ton), while the price for India ($4,649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $1,240 per ton, rising by 4.7% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 14%. The export price peaked at $2,045 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Oman amounted to -2.0% per year.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada
In 2022, approx. 388 tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into Canada; growing by 2.6% on the previous year. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 170%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides expanded remarkably to $2.9M in 2022. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 142% against the previous year. 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 Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 661 | 412 | 1,070 | 1,577 | 33.6% |
| United States | 1,076 | 613 | 1,459 | 1,093 | 0.5% |
| China | 83.2 | 22.0 | 36.0 | 120 | 13.0% |
| India | 2.5 | 0.6 | N/A | 96.1 | 237.5% |
| Others | 41.6 | 15.1 | 4.9 | 33.2 | -7.2% |
| Total | 1,865 | 1,063 | 2,570 | 2,919 | 16.1% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Canada in 2022:
- Germany (194.1 tons)
- United States (147.5 tons)
- India (20.7 tons)
- China (19.3 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada
In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides exported from Canada shrank rapidly to 610 tons, reducing by -33.1% on the year before. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 147%. As a result, the exports reached the peak of 911 tons, and then contracted markedly in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides shrank significantly to $756K in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 156% against the previous year. As a result, the exports reached the peak of $1.1M, and then declined notably in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 619 | 407 | 1,063 | 685 | 3.4% |
| Others | 6.1 | 13.5 | 15.4 | 70.9 | 126.5% |
| Total | 625 | 421 | 1,079 | 756 | 6.5% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Canada in 2022:
- United States (597.9 tons)
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