Price for Chromium Oxides and Hydroxides in Japan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Japan (CIF) - 2023
- Price for Chromium Oxides and Hydroxides in Japan (FOB) - 2023
- Imports of Chromium Oxides and Hydroxides in Japan
- Exports of Chromium Oxides and Hydroxides in Japan
Price for Chromium Oxides and Hydroxides in Japan (CIF) - 2023
In September 2023, the average chromium oxides and hydroxides import price amounted to $4,467 per ton, shrinking by -3.5% against the previous month. In general, the import price showed a mild decline. The growth pace was the most rapid in October 2022 an increase of 10% m-o-m. As a result, import price attained the peak level of $5,836 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($5,943 per ton), while the price for Russia ($3,683 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 Germany (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides in Japan (FOB) - 2023
The average chromium oxides and hydroxides export price stood at $5,989 per ton in September 2023, reducing by -4.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in November 2022 an increase of 46% against the previous month. As a result, the export price attained the peak level of $7,506 per ton. From December 2022 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($9,739 per ton), while the average price for exports to Taiwan (Chinese) ($4,924 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 Thailand (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Japan
In 2022, the amount of chromium oxides and hydroxideses imported into Japan fell to 4.6K tons, waning by -13.8% on the year before. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 5.3K tons, and then fell in the following year.
In value terms, chromium oxides and hydroxides imports expanded remarkably to $24M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +69.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Chromium Oxides and Hydroxides in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 6.9 | 10.3 | 11.3 | 10.4% |
| Kazakhstan | 1.3 | 1.1 | 3.0 | 3.8 | 43.0% |
| United States | 3.7 | 2.3 | 2.9 | 3.0 | -6.8% |
| Turkey | 2.4 | 1.5 | 2.2 | 2.6 | 2.7% |
| Germany | 2.0 | 1.3 | 1.6 | 2.0 | 0.0% |
| Russia | 1.3 | 1.0 | 1.5 | 1.2 | -2.6% |
| India | 0.3 | 0.2 | 0.9 | 0.2 | -12.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.4 | 14.3 | 22.4 | 24.2 | 7.6% |
Top Suppliers of Chromium Oxides and Hydroxides to Japan in 2022:
- China (2149.4 tons)
- Kazakhstan (720.5 tons)
- Turkey (534.0 tons)
- United States (531.1 tons)
- Germany (325.4 tons)
- Russia (260.0 tons)
- India (54.0 tons)
Exports of Chromium Oxides and Hydroxides in Japan
Chromium oxides and hydroxides exports from Japan reached 1.8K tons in 2022, surging by 6.6% on 2021. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.9%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, chromium oxides and hydroxides exports stood at $9.1M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Chromium Oxides and Hydroxides in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.9 | 4.2 | 4.2 | 5.7 | 5.2% |
| Taiwan (Chinese) | 1.2 | 1.3 | 1.6 | 1.5 | 7.7% |
| Indonesia | 0.4 | 0.3 | 0.6 | 0.6 | 14.5% |
| India | 0.7 | 0.8 | 1.3 | 0.5 | -10.6% |
| Thailand | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Others | 0.7 | 0.5 | 0.7 | 0.4 | -17.0% |
| Total | 8.2 | 7.5 | 8.7 | 9.1 | 3.5% |
Top Export Markets for Chromium Oxides and Hydroxides from Japan in 2022:
- South Korea (1225.9 tons)
- Taiwan (Chinese) (319.6 tons)
- Thailand (100.5 tons)
- Indonesia (57.7 tons)
- India (49.0 tons)
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