Price for Chromium Oxides and Hydroxides in Hong Kong SAR - 2023

Contents:

  1. Price for Chromium Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022
  2. Price for Chromium Oxides and Hydroxides in Hong Kong SAR (FOB) - 2022
  3. Imports of Chromium Oxides and Hydroxides in Hong Kong SAR
  4. Exports of Chromium Oxides and Hydroxides in Hong Kong SAR

Price for Chromium Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022

In 2022, the average chromium oxides and hydroxides import price amounted to $3,618 per ton, with an increase of 8% against the previous year. In general, the import price, however, showed a perceptible reduction. Over the period under review, average import prices hit record highs at $4,894 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,651 per ton), while the price for South Africa stood at $3,521 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.6%), while the prices for the other major suppliers experienced a decline.

Price for Chromium Oxides and Hydroxides in Hong Kong SAR (FOB) - 2022

In 2022, the average chromium oxides and hydroxides export price amounted to $4,604 per ton, remaining stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $4,858 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5,599 per ton), while the average price for exports to China stood at $4,395 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.3%).

Imports of Chromium Oxides and Hydroxides in Hong Kong SAR

In 2022, the amount of chromium oxides and hydroxideses imported into Hong Kong SAR fell rapidly to 312 tons, waning by -46.7% against the year before. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year.

In value terms, chromium oxides and hydroxides imports contracted rapidly to $1.1M in 2022. Over the period under review, imports showed a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year.

Import of Chromium Oxides and Hydroxides in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa2,2921,0931,711953-25.4%
China242277205143-16.1%
Germany115N/AN/AN/A0%
Others58.912.042.731.2-19.1%
Total2,7081,3831,9581,127-25.3%

Top Suppliers of Chromium Oxides and Hydroxides to Hong Kong SAR in 2022:

  1. South Africa (270.7 tons)
  2. China (39.2 tons)

Exports of Chromium Oxides and Hydroxides in Hong Kong SAR

In 2022, chromium oxides and hydroxides exports from Hong Kong SAR contracted to 361 tons, reducing by -5.9% against the previous year's figure. In general, exports showed a sharp contraction.

In value terms, chromium oxides and hydroxides exports dropped to $1.7M in 2022. Overall, exports saw a deep contraction.

Export of Chromium Oxides and Hydroxides in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.81.81.51.4-20.6%
Taiwan (Chinese)0.20.30.20.20.0%
OthersN/AN/AN/AN/A0%
Total3.12.11.81.7-18.1%

Top Export Markets for Chromium Oxides and Hydroxides from Hong Kong SAR in 2022:

  1. China (320.7 tons)
  2. Taiwan (Chinese) (39.9 tons)

Source: IndexBox Market Intelligence Platform

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