Price for Chromium Oxides and Hydroxides in Indonesia - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Indonesia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Indonesia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Indonesia
- Exports of Chromium Oxides and Hydroxides in Indonesia
Price for Chromium Oxides and Hydroxides in Indonesia (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $2,944 per ton, dropping by -3.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $4,754 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,371 per ton), while the price for Estonia ($1,676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides in Indonesia (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $2,251 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 227%. Over the period under review, the average export prices attained the peak figure at $6,686 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +0.1% per year.
Imports of Chromium Oxides and Hydroxides in Indonesia
For the fourth consecutive year, Indonesia recorded growth in purchases abroad of chromium oxides and hydroxideses, which increased by 10% to 2.3K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, chromium oxides and hydroxides imports expanded significantly to $6.7M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 516 | 386 | 836 | 1,147 | 30.5% |
| United States | 1,123 | 865 | 1,112 | 1,144 | 0.6% |
| China | 1,261 | 1,111 | 1,715 | 1,111 | -4.1% |
| Germany | 241 | 403 | 553 | 686 | 41.7% |
| Japan | 439 | 329 | 525 | 592 | 10.5% |
| Turkey | 412 | 142 | 366 | 377 | -2.9% |
| Estonia | 286 | 168 | 332 | 342 | 6.1% |
| Russia | 283 | 44.1 | 54.3 | 136 | -21.7% |
| France | 140 | 104 | 65.6 | 67.5 | -21.6% |
| Others | 350 | 400 | 694 | 1,053 | 44.4% |
| Total | 5,051 | 3,953 | 6,253 | 6,656 | 9.6% |
Top Suppliers of Chromium Oxides and Hydroxides to Indonesia in 2022:
- South Africa (490.0 tons)
- United States (399.5 tons)
- China (326.2 tons)
- Turkey (203.8 tons)
- Estonia (203.8 tons)
- Germany (140.6 tons)
- Japan (92.9 tons)
- Russia (78.2 tons)
- France (31.6 tons)
Exports of Chromium Oxides and Hydroxides in Indonesia
In 2022, overseas shipments of chromium oxides and hydroxideses decreased by -24% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,249% against the previous year.
In value terms, chromium oxides and hydroxides exports dropped remarkably to $6.1K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,205% against the previous year.
| Export of Chromium Oxides and Hydroxides in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.3 | 4.2 | 8.0 | 6.1 | 172.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 4.2 | 8.0 | 6.1 | 172.9% |
Top Export Markets for Chromium Oxides and Hydroxides from Indonesia in 2022:
- Malaysia (2.7 tons)
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