Price for Chromium Oxides and Hydroxides in Iran - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Iran (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Iran (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Iran
- Exports of Chromium Oxides and Hydroxides in Iran
Price for Chromium Oxides and Hydroxides in Iran (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $3,793 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $4,318 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5,954 per ton), while the price for Italy ($917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Iran (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $400 per ton, increasing by 74% against the previous year. In general, the export price, however, faced a significant contraction. The export price peaked at $5,679 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Armenia.
From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +2.8% per year.
Imports of Chromium Oxides and Hydroxides in Iran
In 2022, the amount of chromium oxides and hydroxideses imported into Iran shrank notably to 79 tons, falling by -87.5% on 2021. In general, imports continue to indicate a dramatic setback. The smallest decline of -17.8% was in 2021.
In value terms, chromium oxides and hydroxides imports shrank significantly to $301K in 2022. Overall, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 9.5%.
| Import of Chromium Oxides and Hydroxides in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,183 | 1,109 | 1,052 | 97.7 | -56.5% |
| United Arab Emirates | 292 | 303 | 208 | 47.9 | -45.3% |
| Russia | 95.5 | 75.6 | 251 | 46.8 | -21.2% |
| South Korea | 181 | 181 | 166 | 30.2 | -44.9% |
| India | 219 | 57.8 | 7.1 | 28.6 | -49.3% |
| Italy | 174 | 140 | 124 | 21.7 | -50.0% |
| China | 567 | 210 | 521 | 16.2 | -69.4% |
| Germany | 132 | 82.5 | 44.6 | 2.1 | -74.8% |
| Others | 57.9 | 57.4 | 52.5 | 9.5 | -45.3% |
| Total | 2,901 | 2,216 | 2,427 | 301 | -53.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Iran in 2022:
- Italy (23.7 tons)
- Turkey (19.6 tons)
- United Arab Emirates (10.6 tons)
- Russia (8.9 tons)
- India (6.1 tons)
- South Korea (6.0 tons)
- China (2.7 tons)
- Germany (0.1 tons)
Exports of Chromium Oxides and Hydroxides in Iran
In 2022, shipments abroad of chromium oxides and hydroxideses decreased by -42.2% to 8.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 194%. As a result, the exports attained the peak of 15 tons, and then contracted markedly in the following year.
In value terms, chromium oxides and hydroxides exports totaled $3.4K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 113% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | 1.1 | 1.6 | 0.3 | 3.4 | 45.7% |
| Azerbaijan | N/A | N/A | 3.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.6 | 3.4 | 3.4 | 45.7% |
Top Export Markets for Chromium Oxides and Hydroxides from Iran in 2022:
- Armenia (8.5 tons)
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