Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $2,932 per ton, reducing by -1.6% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22% against the previous year. The import price peaked at $4,137 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +3.9% per year.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan
In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into Pakistan declined notably to 54 tons, reducing by -29.4% compared with 2021 figures. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of 76 tons, and then reduced remarkably in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides shrank rapidly to $157K in 2022. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. As a result, imports attained the peak of $226K, and then declined notably in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 69.9 | 41.3 | 116 | 157 | 31.0% |
| Russia | 78.3 | 58.5 | 91.4 | N/A | 8.0% |
| Italy | 15.6 | 21.4 | 8.5 | N/A | -26.2% |
| Others | 8.1 | 5.3 | 10.7 | N/A | 14.9% |
| Total | 172 | 126 | 226 | 157 | -3.0% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Pakistan in 2022:
- China (53.7 tons)
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