Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $5,631 per ton in 2022, with an increase of 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 33%. As a result, import price attained the peak level of $5,824 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,744 per ton), while the price for Kazakhstan ($4,385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $5,494 per ton, which is down by -9.8% against the previous year. Over the period under review, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2013 an increase of 76% against the previous year. The export price peaked at $11,516 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($11,578 per ton), while the average price for exports to Japan amounted to $5,304 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+4.4%), while the prices for the other major destinations experienced a decline.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey
After three years of growth, overseas purchases of chromium oxides and hydroxides; excluding chromium trioxides decreased by -12.7% to 842 tons in 2022. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides stood at $4.7M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,816 | 1,584 | 1,419 | 2,280 | 7.9% |
| Russia | 775 | 963 | 978 | 1,041 | 10.3% |
| India | N/A | 135 | 938 | 554 | 102.6% |
| China | 262 | 124 | 221 | 373 | 12.5% |
| Kazakhstan | 204 | 115 | 140 | 263 | 8.8% |
| Spain | 79.6 | 488 | 390 | 152 | 24.1% |
| United States | 28.2 | 29.7 | 279 | 73.9 | 37.9% |
| Others | 6.2 | 1.0 | 0.8 | 2.4 | -27.1% |
| Total | 3,170 | 3,440 | 4,367 | 4,740 | 14.4% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Turkey in 2022:
- Germany (381.8 tons)
- Russia (202.5 tons)
- India (105.0 tons)
- China (61.1 tons)
- Kazakhstan (60.0 tons)
- Spain (22.5 tons)
- United States (8.8 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey
In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides exported from Turkey skyrocketed to 21 tons, picking up by 146% on the year before. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,954% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $113K in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,132%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 106 | 0% |
| Azerbaijan | 10.9 | 4.1 | 5.5 | 7.0 | -13.7% |
| Spain | 5.7 | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 39.0 | N/A | 0% |
| Iran | 3.8 | N/A | N/A | N/A | 0% |
| Iraq | 1.1 | N/A | 2.1 | N/A | 38.2% |
| Others | 0.7 | 0.1 | 4.7 | 0.3 | -24.6% |
| Total | 22.1 | 4.2 | 51.2 | 113 | 72.3% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Turkey in 2022:
- Japan (20.0 tons)
- Azerbaijan (0.6 tons)
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