Price for Chromium Oxides and Hydroxides in India - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in India (FOB) - 2023
- Price for Chromium Oxides and Hydroxides in India (CIF) - 2023
- Exports of Chromium Oxides and Hydroxides in India
- Imports of Chromium Oxides and Hydroxides in India
Price for Chromium Oxides and Hydroxides in India (FOB) - 2023
The average chromium oxides and hydroxides export price stood at $3,499 per ton in September 2023, flattening at the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices hit record highs at $4,189 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($4,585 per ton), while the average price for exports to Brazil ($3,015 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Chromium Oxides and Hydroxides in India (CIF) - 2023
The average chromium oxides and hydroxides import price stood at $3,004 per ton in September 2023, flattening at the previous month. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in February 2023 an increase of 25% against the previous month. As a result, import price reached the peak level of $5,039 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($10,678 per ton), while the price for Germany ($1,499 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Chromium Oxides and Hydroxides in India
In 2022, chromium oxides and hydroxides exports from India amounted to 7.3K tons, surging by 4.5% against 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, chromium oxides and hydroxides exports skyrocketed to $28M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.3 | 4.6 | 7.6 | 10.1 | 63.8% |
| United States | 0.3 | 1.3 | 1.8 | 6.0 | 171.4% |
| Austria | 0.1 | 0.1 | 0.2 | 2.7 | 200.0% |
| South Korea | 1.4 | 1.1 | 1.7 | 1.6 | 4.6% |
| Belgium | 0.1 | N/A | 1.2 | 1.2 | 128.9% |
| Spain | 1.7 | 3.1 | 0.8 | 1.1 | -13.5% |
| Japan | 0.2 | 0.2 | 0.8 | 0.9 | 65.1% |
| France | N/A | N/A | N/A | 0.6 | 0% |
| Taiwan (Chinese) | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| China | 1.2 | N/A | 0.1 | 0.1 | -56.3% |
| New Zealand | 0.3 | 0.4 | 0.8 | N/A | 63.3% |
| Others | 1.9 | 2.3 | 4.7 | 3.8 | 26.0% |
| Total | 10.1 | 13.3 | 20.2 | 28.4 | 41.1% |
Top Export Markets for Chromium Oxides and Hydroxides from India in 2022:
- Brazil (2800.8 tons)
- United States (1614.7 tons)
- Austria (560.0 tons)
- South Korea (442.2 tons)
- Spain (264.0 tons)
- Belgium (240.0 tons)
- Japan (193.8 tons)
- France (142.0 tons)
- Taiwan (Chinese) (55.0 tons)
- China (5.5 tons)
Imports of Chromium Oxides and Hydroxides in India
Chromium oxides and hydroxides imports into India fell to 4.4K tons in 2022, with a decrease of -7.2% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of 4.8K tons, and then shrank in the following year.
In value terms, chromium oxides and hydroxides imports skyrocketed to $17M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Chromium Oxides and Hydroxides in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 2.8 | 4.0 | 3.5 | 6.5% |
| China | 0.4 | 0.1 | 0.4 | 3.5 | 106.1% |
| Estonia | 1.7 | 1.6 | 2.0 | 3.4 | 26.0% |
| Turkey | 1.4 | 1.1 | 1.5 | 2.0 | 12.6% |
| Kazakhstan | 1.3 | 0.7 | 1.5 | 1.3 | 0.0% |
| Belgium | 2.0 | 2.4 | 1.9 | 1.1 | -18.1% |
| South Africa | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| Russia | 2.2 | 0.1 | 0.1 | N/A | -78.7% |
| Others | 2.7 | 1.4 | 2.6 | 1.9 | -11.1% |
| Total | 14.8 | 10.6 | 14.4 | 17.4 | 5.5% |
Top Suppliers of Chromium Oxides and Hydroxides to India in 2022:
- Estonia (945.0 tons)
- United States (900.7 tons)
- China (840.0 tons)
- Turkey (585.0 tons)
- Kazakhstan (351.0 tons)
- Belgium (234.0 tons)
- South Africa (198.0 tons)
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