Price for Chromium Oxides and Hydroxides in Kenya - 2021
Contents:
- Price for Chromium Oxides and Hydroxides in Kenya (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Kenya (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Kenya
- Exports of Chromium Oxides and Hydroxides in Kenya
Price for Chromium Oxides and Hydroxides in Kenya (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $2,561 per ton in 2022, almost unchanged from the previous year. Overall, the import price saw a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $3,033 per ton in 2013; however, from 2014 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 India ($9,164 per ton), while the price for the United Arab Emirates ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides in Kenya (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $2,171 per ton, reducing by -8.6% against the previous year. Overall, the export price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2015 an increase of 45%. Over the period under review, the average export prices reached the maximum at $2,376 per ton in 2021, and then dropped in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($3,000 per ton), while the average price for exports to Burundi ($2,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides in Kenya
In 2022, the amount of chromium oxides and hydroxideses imported into Kenya dropped to 52 tons, which is down by -12.5% against the year before. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 with an increase of 49%.
In value terms, chromium oxides and hydroxides imports fell to $132K in 2022. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.
| Import of Chromium Oxides and Hydroxides in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 284 | 86.1 | 101 | 106 | -28.0% |
| United Arab Emirates | 92.3 | 19.1 | 37.4 | 13.6 | -47.2% |
| China | 11.7 | 3.7 | 6.3 | 7.1 | -15.3% |
| South Korea | 8.4 | N/A | N/A | N/A | 0% |
| Others | 43.6 | 4.0 | 6.3 | 5.7 | -49.2% |
| Total | 440 | 113 | 151 | 132 | -33.1% |
Top Suppliers of Chromium Oxides and Hydroxides to Kenya in 2022:
- Turkey (41.2 tons)
- United Arab Emirates (7.5 tons)
- China (1.4 tons)
Exports of Chromium Oxides and Hydroxides in Kenya
In 2022, shipments abroad of chromium oxides and hydroxideses was finally on the rise to reach 1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp contraction.
In value terms, chromium oxides and hydroxides exports expanded modestly to $2.3K in 2022. In general, exports, however, recorded a sharp descent.
| Export of Chromium Oxides and Hydroxides in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 4.2 | 0.4 | 1.2 | 1.2 | -34.1% |
| Burundi | 9.3 | 0.5 | 0.8 | 0.8 | -55.9% |
| Tanzania | 6.2 | 1.3 | 0.1 | 0.2 | -68.2% |
| Rwanda | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.9 | 2.3 | 2.2 | 2.3 | -51.3% |
Top Export Markets for Chromium Oxides and Hydroxides from Kenya in 2022:
- Uganda (562.0 kg)
- Burundi (394.0 kg)
- Tanzania (76.0 kg)
- Rwanda (9.0 kg)
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