Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (CIF) - 2023
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $4,895 per ton, jumping by 16% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 89% against the previous year. As a result, the export price attained the peak level of $13,010 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($5,060 per ton) and Japan ($5,012 per ton), while the average price for exports to Spain ($4,342 per ton) and France ($4,489 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (CIF) - 2023
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $3,546 per ton in October 2023, growing by 17% against the previous month. Over the period under review, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in February 2023 an increase of 202% month-to-month. As a result, import price reached the peak level of $12,637 per ton. From March 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,601 per ton), while the price for Turkey ($2,747 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India
In 2022, approx. 2.1K tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from India; surging by 13% against the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $11M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 77.8 | 125 | 153 | 2,683 | 225.5% |
| Brazil | 697 | 696 | 1,726 | 1,936 | 40.6% |
| Belgium | 80.3 | N/A | 1,164 | 1,215 | 147.3% |
| Spain | 1,733 | 3,077 | 827 | 1,146 | -12.9% |
| France | N/A | 29.4 | 30.1 | 637 | 365.5% |
| Japan | N/A | 3.1 | 689 | 601 | 1292.4% |
| Turkey | N/A | 194 | 816 | 507 | 61.7% |
| Slovenia | 390 | N/A | 879 | 450 | 4.9% |
| Germany | 299 | 488 | 417 | 405 | 10.6% |
| Others | 1,598 | 641 | 1,306 | 936 | -16.3% |
| Total | 4,875 | 5,253 | 8,007 | 10,517 | 29.2% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from India in 2022:
- Austria (560.0 tons)
- Brazil (425.0 tons)
- Spain (264.0 tons)
- Belgium (240.0 tons)
- France (142.0 tons)
- Japan (120.0 tons)
- Turkey (105.3 tons)
- Slovenia (100.0 tons)
- Germany (90.0 tons)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India
In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into India reached 1.5K tons, standing approx. at the previous year's figure. Overall, imports, however, showed a slight contraction. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides reduced slightly to $6.3M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $6.5M, and then shrank in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 336 | 117 | 451 | 3,468 | 117.7% |
| United States | 144 | 803 | 2,100 | 1,696 | 127.5% |
| Turkey | 626 | 712 | 497 | 515 | -6.3% |
| Japan | 790 | 668 | 1,689 | 405 | -20.0% |
| Switzerland | 22.7 | 24.7 | 67.2 | 124 | 76.1% |
| Belgium | 1,622 | 2,170 | 1,562 | 28.1 | -74.1% |
| Russia | 1,890 | N/A | 41.1 | N/A | -85.3% |
| Italy | 492 | 32.9 | 1.3 | N/A | -94.9% |
| Others | 349 | 100 | 140 | 98.1 | -34.5% |
| Total | 6,272 | 4,628 | 6,548 | 6,334 | 0.3% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to India in 2022:
- China (832.0 tons)
- United States (396.6 tons)
- Turkey (162.0 tons)
- Switzerland (40.1 tons)
- Japan (35.4 tons)
- Belgium (3.0 tons)
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