Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Myanmar - 2022

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Myanmar (CIF) - 2022
  2. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Myanmar

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

In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $6,625 per ton, falling by -19.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. The import price peaked at $8,231 per ton in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,800 per ton), while the price for Thailand ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after two years of decline, there was significant decline in supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides, when their volume decreased by -38.5% to 8 kg. Over the period under review, imports faced a precipitous curtailment.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides declined sharply to $53 in 2022. Overall, imports faced a dramatic downturn.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea20.6N/AN/AN/A0%
Germany0.6N/AN/AN/A0%
Thailand1.5N/AN/AN/A0%
China27.3N/A0.1N/A-93.9%
India2.3N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total52.2N/A0.10.1-87.6%

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

  1. China (5.0 kg)
  2. Thailand (1.0 kg)
  3. Germany (1.0 kg)
  4. India (1.0 kg)

Source: IndexBox Market Intelligence Platform

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